Jicka

Jicka

max bad news reached yet? UK energy crisis lowest level against the dollar in 37 years

Jicka

This is a good chart for analyzing the RSI for trend reversals on both ends for Tops it consistently diverges, this can def be early so certainly not a flawless leading indicator - but even when its early it often has a short term reversal - white dots on RSI correspond with tops / peaks but another interesting application I learned from a trader in a private...

Jicka

We are in a massive market correction and it's time to pay attention. What stands out to me is big names are down 50-60% from their ATHs, but the FANG stocks are much smaller percentage drops. Except for facebook of course. Amazon also at its lowest weekly RSI in a long time. Pretty tense times and hard to buy with more carnage looming, but when trying to...

Jicka

Both BTC and ETH are down 10% in a couple of days - is this a buy the dip situation or is further pain inc? For insight into the larger trend always go longer time frame, BTC and ETH on the weekly do not look good here. Bearish RSI divergence on both. Weekly ETH Daily ETH

Jicka

Short term scalp trade - mean reversion setup - oversold on daily - bouncing of previous support - slight bullish divergence

Jicka

Right now I'm looking at all these Alts and wondering if the bubble has popped. I was looking back on EOS and while studying its chart vs BTC not dollars was struck by how much it looks like it's in a long term bottom in terms of satoshis. It seems for this cycle most followed these generalisations: - bottom for BTC, alts and stock crash in March 2020 - a...

Jicka

I just bought some ORG, looking for a range bound trade on negative sentiment. RSI at 25 Target sell price at 20% or 70 RSI Triple bottom Stop loss - manual - should be 8% but there could still be divergence that extends past that. If it did diverge I wouldn't sell but look to add more If we look at the weekly, $4 looks to have a lot of price...

Jicka

This stock has had two nice big moves up before cooling off. This was a classic don't hold through earnings, expectations running very high carrying a lot of risk. Now that the dust has settled, boredom has set in. Bouncing off the 50 RSI is nice, I wouldn't want to own it under it. Chart - right on its magic line / moving average - tight closes on very low...

Jicka

I have a position in this that I picked up on the earnings drop. Was looking for a short over-reaction scalp and considering closing it out but stop to wonder if this could be an actual reversal. Weekly - double bottom on hte breakout - bullish divergence Double bottom on the breakout is obviously a strong support line. There will be a lot of price memory...

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I saw this chart from big Jesse but had to post it. Declining wedge to the 50 dma and 4-5 low volume closes. This signals peak boredom after the last leg up before hte next big move - lets hope upwards! Also, here is OMI their peer which just reported In their report they said the see momentum continuing, no reason APT doesn't follow the same trajectory....

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thought this chart was very nice, obvsiously XLE has already had a nice move since this divergence but looks pretty good for confirmation of new XLE uptrend.

Jicka

Only found out about the these recently and loving the theme. - stimulus - home - unemployed - bored Could this be the next logical extension of the weed bubble? I love this chart, on the left it has the classic wall st bubble chart structure. Went through all the emotions before grinding down and perhaps gearing up for round two, a bigger bubble. This is the...

Jicka

like this setup for a few reasons. Great entry point IF you have conviction that BNPL is still ina bull market and in ZIPs cult factor - filled teh gap (well the second one anyway), had all that excitment and FOMO and drifted back down to its breakout level - been trading last 5 weeks in a tight range - volume dried up so on good news / sentiment it could spike...

Jicka

this chart looks very nice, RSI breakout, just above its 50DMA and all on huge volume. Looks like their revenue is trending up yoy nicely too.

Jicka

Time to find out if I'm too early, in for a short scalp. Reversal looks good on multiple time frames.

Jicka

main chart features are listed - panic monthly buying candle - bearish RSI divergence - resistance RSI I'm always early trying to call tops but here we go again. Lots of factors lining up nicely for a reversal.

Jicka

Same classic divergence pattern I love. As usual, the big problem is divergence doesnt mean it won't keep going up, but when it does reverse it will be on divergence.

Jicka

RSI was pretty high on start of diverging line. Those 2 big gaps up look pretty FOMO heavy as well, would like to see a big red volume day to confirm reversal.