One of crypto's oldest coins acting as a flea on the LTC network. Wide circulation and media exposure and support from Ledger and various online services.
Demand zone is lower at 15 - 20 sat, but DOGE along with most other alts are already heavily oversold because people are emptying their DOGE wallets to exit to BTC while it's still above 10K.
BTC has failed...
With TSLA, backtesting the overbought and oversold signals of the RSI (especially the 80/20) shows it's been pretty reliable in providing buy and sell signals over a longish timeframe.
Trading using the RSI alone is generally thought of as being a bad strategy, but with a couple of confluent signals it could be pretty useful here.
Some stocks seem to favour the...
Only on USD exchanges since USDT exchanges closed at a different price.
Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI.
The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence.
Now we can see that the...
If you would look historically each time RSI hits 20 on the 4h chart we see a bounce playing out
I will be buying up some BTC here @ $7,500 to sell at about $7,850 as the target. Placing a stop here is very inconvenient so it's very risky :O
i've written down the main reasons why i'm going long in this market. As you can see, we're sitting at a previous level of structure, and we've created an AB=CD pattern with Fib confluence right at that level, that comes at a round number (that could strengthen the support being). We're also in oversold conditions. All those reasons together make me...
if you look left you can see that the zone we're testing now is a very important one, that acted both as support and as resistance multiple times. As you may know from my previous analysis, i usually look for trading zones on the daily chart and then go on lower timeframes searching for an additional confirmation of that bias. In this case i want to go...
Bitcoin has been decreasing from its high a couple of weeks ago. Now, we see a hammer candlestick forming, this means the prior trend could be reversing- it also a bullish signal. This is supported by the RSI being overbought. However, the ADX is expanding, the Coppock curve has broken prior support and is falling. This means there could be a short-term fall...
as you can see, the yellow box represents a good structure level that seems to be holding price above it. On the daily chart the price has gone oversold at the first touch of the zone and it's now creating a nice divergence on the 4H along with a double bottom. These are all signs that add together and that give me confidence about this trade. Please,...
Looking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.
I've entered two positions on the long GBPUSD.
Entry 1: Open – 1.328, Take profit 1: 1.3605, Stop loss 1: 1.3177, Risk ratio 3:1
Entry 2: Open – 1.328, Take profit 2: 1.3844, Stop loss 1: 1.3177, Risk ratio 5.5:1
Based on the oversold RSI and respect of Fib (or Gann) 50% with stop loss below the support with room to breathe and good reward ratios.
In the EURUSD, there are 4 signals for falling prices:
Reversal pattern on weekly chart (bearish engulfing)
CCI breaks 100 from the top
RSI turns in the overbought area
CoT data with commercials in an extreme
next week i'm going to keep an eye out for this situation on USDCAD. We've hit the 2016 lowest low and the trend has been very strong lately. As you know, every trend must retrace, sooner or later, and key structure points allow us to select certain zones in order to make educated guesses about price movement. In this case i know this level plays a key...
i'm waiting to see how price will react at the retest of the lows here. The situation on the daily is pretty clear, price has had a downward move from long time ago and i'm now expecting a relief rally out of that. Looking left now we have a former suppport zone that could act again in this pair. But since the trend is very strong i want to have a...
just wanted to let you know what i'm looking for in the next hours. On EURAUD price is testing a key support level on the daily (in oversold condition) and therefore i can expect market to react at this level. As i go down on 1hr chart i can see there's a double bottom setting up with RSI divergence and this also increase my confidence in this trade. I...
i think this chart is self-explaining: i've written down all the conditions that point in the same LONG direction and that's where i want to be. Very high-probability trade from my experience (but that doesn't mean you should underestimate the risk: alway be careful). Stops below the low and targets as shown above.
If you want to ask questions, feel...