December 19, 2018, cf my Related Idea, I gave you the starting point of this new Bull market thanks (in particular) the RSI 14 oversold.
It was then the first time he was (briefly) ironed under the 30 as a certain January 10, 2015.
The 01/10/2015 was the departure of the previous Bull market: Bitcoin operates by cycles linked in particular to the anticipations of...
H1 / H4 sell position at price 25680 /25700.
Take profit at 25200 / Stop Loss at 25775
Last week was a bad week for the US Dollar. The currency shows weakness after several china-us trade war news, US company loses and US Home Sales below expectations among other bad News Releases.
I expect a big downside momentum after taping on the 25700 / 25675 zone...
Hey, traders. Here on the GBPUSD, we have a great example of a CTS type of trade. This market is at a previous HTF level of structure. It has also gone overbought on the RSI on higher time frames. Now, that alone is not enough reason for me personally to enter a trade, but taking it down to an hourly chart, here we have a nice double top. This double top looks...
This is an update related to last BTC analysis (see below). Everything has being gone as predicted.
There are no strong resistances for BTC 'till 10k. Rebuy zone for the latecomers is $9050 - $9150 zone.
Supports/resistances are as shown in chart.
The first part of my scenario link below had an Ascending Triangle (in white) and its Pullback (in yellow) (RSI 14 oversold) with a bullish target @ $ 9400 early June.
After that, I consider a bearish reversal at $ 9400 (RSI 14 overbought) with the formation of a taller Rising Wedge (in red) and its bearish target @ $ 6900.
DISCLAIMER: This is not an investment...
After taking out a few levels of Supply between 5200-5700, Bitcoin price came to a haul at around the 5800 region and started to consolidate.
On larger timeframe it does look like a bull flag, if it does plays out, I see price going higher to challenge the next quality Supply level at 6000+ which the round number also stands for a mental barrier for buyers.
RSI Indicator is showing a strong overbought signal on the 4H time frame which indicates incoming bearish movement. It has also approached the daily resistance level of 1.1470 - 1.1500 which may bounce back to the previous support level of 1.11500.
Trade Details :
SL : 1.1500
TP 1 : 1.1400
TP 2 : 1.1250
The RSI indicator on the daily time-frame for USDCHF is showing way overbought. A bullish wedge has been forming since November 2017 and it looks like the top of the wedge was broken.
One of two things could happen, price goes back for a re-test and bounces off the wedges upper level to rise up after the major resistance level around 1.0300-1.03250 or price pulls...
On the 4-hour chart there's a clear bearish divergence forming. While price is rallying higher, the RSI is telling us that the strength of the trend is weakening. This weakening of the trend is confirmed by bitcoins' shrinking volume.
On the daily we can see that bitcoin is dangerously overbought. The RSI is at levels not seen since the 8th of December 2017....
Hopefully this continuation pattern plays out and we continue the move up!
You can also see here that we are running into resistance at the .618 fib level, but we've been eating away at this supply since April 3rd so I could see us breaking through upwards.
But we are extremly overbought on the RSI and have had very little...
dollar yen is still standing around a resistance line of a rising channel.
we have a nice confirmation reversal pattern to sell the market.
I will be waiting for a bearish violation of 111.7 to open selling position.
the initial target is based on structure and support...
FX:GBPNZD is in a downtrend channel. It had touch the upper resistance of the channel and triangle. The price could go down near the previous support, being the first take profit. If the price keep going down can be reach the 50% fibonacci extension of the trend, being as well the 88.6% ab harmonic pattern that could be formed in the future. The indicators like...
So NYSE:PAYC stock has expierienced a bearish divergence on the daily time frame. As you can see it made higher highs, but the RSI was lower. This is a textbook example of a stock loosing momentum and fully expect a correction to take place in the coming days.
It's so cliché but... if Bitcoin was actually subject to repetitive cycles?
According to this hypothesis, we would then have the following "algorithm" for investors:
WHEN (RSI14 > 90) AND (MA9 > MA20) THEN
IF(1st Occurence == True) THEN // Bear Trap!
WAIT (OR... SELL and BUY the correction soon after)
ELSE // 2nd Occurrence = Bull Trap!
Hello traders! In the last week the GBPJPY has created a Resistance trendline, that has been already tested 3 times. The price of the GBPJPY is getting close to this area again, so we should expect a bounce down from this trendline again. Combined with the RSI, that might be getting Overbought soon and MACD that has formed a cross, this makes a great Short...