My analyze based on speed line and support, resistance line and trend line on weekl y BTC/USDT chart. the Weekly RSI indicator has a dynamic resistance. also, we can consider the curved line because of the 3rd reaction on it.
Here we have one idea of drawing speed RS! Quite underestimated tool, missused and unpopular amongst traders. Take a look, read it and draw it several times yourself! This time it worked! Leave a comment and let me know your oppinions yall! Lets grow togheter!
GBPUSD is moving within a bullish channel, currently at above 1.37000 (Previous Weekly High). Price is at an area of interest (above speedline 1) If broken this speedline will act as resistance and the speedline below will be likely to act as support or break and retest as resistance. (1.36500)
Speedlines are a technical tool that uses the principle of 1/3's (Fibonacci %s) based on the previous uptrend or downtrend. Price is measured at the peak of the uptrend by drawing a trendline connecting at least 2 points. Once The trendline is broken the next correction or break should occur at the next price point equivalent to 1/3 the distance traveled. (258...
Basic trend analysis of Ethereum for long term Using Log Scale, ETH shows current support after its recent breakout
We have a nice swing trade op in this pair, go long at market, stop loss should be placed below the recent low. I think the pair has room to rally back to resistance (see red line on chart). Linear regression and speed lines help us, along with oscillators and bar by bar analysis, as well as the use of RgMov, to determine the trend and where trend following or...
Breaking of 2/3 speedline would mean bears becoming weak and bulls gaining ground, and breaking of 1/3 would mark bull's taking control. It is good to be optimistic as BTC may get 3rd time lucky but it is prudent to exercise caution as it has failed 2 times in breaking 2/3 resistance line and it may fail 3rd time too as resistance going to be fierce and 3rd...
Blue line is 50% down from current top to the bottom of the long term baseline of the 1 day chart. Green lines are 1/3 & 2/3 speed lines calculated from the bottom to the top of the recent uptrend. They are the current support lines of the trend. Red lines are 1/3 & 2/3 speed lines calculated from the top to the bottom of the recent downtrend. They...
I'm holding a few trades (refer to my recent posts) but not in any SPX position. I think we can have a great buy signal soon, so I'm following VIX and the 'Time at mode', linear regression channels and speed lines signals in SPX. This is a 2-day chart, the timeframe in control of the current downtrend. The time and price target suggests price can drop to 2095.3...