BTC is STILL BEARISHBitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the price up again.
So trade whit caution and remember anything is possible.
#rsi
ETHUSD 4H timeframe | Bearish buildupMarket in last 24hrs
ETHUSD broke the support of the Bollinger Bands midline. Historically, in the short timeframe of 4H, ETHUSD has respected the midline.
Today’s Trend analysis
ETHUSD could continue its bearish momentum, and move further downwards towards the lower band of the Bollinger Bands.
Price volatility remained high at approximately 6%, with the day's range between $2559.18 — $2762.91.
Price at the time of publishing: $2580.63
ETH's market cap: $310.94 Billion
Indicator summary signals bearish momentum.
Out of 15 Moving average indicators, 12 are giving a SELL signal.
ETHUSD could be expected to oscillate between the lower band of Bollinger Bands and the resistance at midline. MACD line has given a downward crossover. RSI has furiously descended to 50. Further downward momentum below 40 gives a 'SELL' trigger.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Feel free to provide your feedback. It would allow me to improve my analysis further!
Money Flow Index: MFI analyses tutorial with 4H candlesticksMFI or Money Flow Index as a strategy is quite similar to RSI or Relative Strength Index. The key differentiator for MFI is the consideration of volume.
Money Flow Index oscillator:
MFI uses both price and volume to measure buying and selling pressure.
MFI oscillates between 0 to 100.
Intuitively, the volume-weighted feature makes MFI a comparatively better 'Lead' indicator than the RSI.
Most reversals can be identified and acted upon best through the Money Flow Index oscillator.
MFI above 80 indicates Overbought territory. It suggests that the underlying asset is driven by a buying pressure.
MFI below 20 indicates Oversold territory. It indicates a selling pressure.
MFI crossing over 20 gives a BUY signal.
MFI crossing down the 80 mark gives a SELL signal.
Stop loss should be used as a precautionary measure.
Trailing stop loss can be used to let the profits ride, while ensuring safety in case of trend reversals.
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Comments and feedback would push me to come out with better analyses. Thank you!
First Analysis - Looking for constructive criticism.Hello,
I am a beginner investor learning about technical analysis through youtube and other free resources. I am using this chart and analysis to put my understandings to the test. Please let me know what you think and share where I can improve.
Analysis: ARKG is trending bullish both long and medium-term and is close to a buy signal as the last closing price was just inside the lower Bollinger band and the RSI was trending to oversold before leveling out around 37. Using Fibb Retracement starting with the low on 12/21 to the 12/23 high, the support level at 38% and the current price are almost in lockstep at $103.25 and $103.10 respectively. If the price breaks down through the 5-day trend line the next level of support is around $99.57 but it appears the overall short-term trend is up and I look for the ETF to bounce off the 5-day trend line to once again push for higher highs.
SEYKM( SEYİTLER KİMYA ) LOGARİTMİK ÖLÇEK TEKNİK ANALİZ ÇALIŞMASIGrafikte görüldüğü gibi SEYKM hissesi logaritmik ölçekte incelenmiştir. Çalışmada 9, 20, 50, 100 ve 200 EMA ek olarak RSI göstergeleri kullanılmıştır. Hissede fincan/kulp formasyonu fiyatlanmış, fiyatlar Fibonacci kanalı %100 direncine neredeyse gelmiştir. Ayrıca RSI göstergesinde çizmiş olduğumuz yükselen trend çizgisi kırılmış ardından pullback yapmıştır. RSI'da negatif uyumsuzluk da oluşmuş ve 70 seviyesi altına gelirse mum grafikteki bordo yükselen destek kırılıp hissenin düzeltme yapma ihtimali gündeme gelebilir. Negatif uyumsuzluğun RSI 54 değerinde fiyatlanması beklenebilir.
Ana destek mavi noktalı yükselen trend çizgisi, ara destek; bordo noktalı yükselen trend çizgisi ve yatay destek kırmızı yatay trend çizgisidir.
Burada yazılanlar kesinlikle yatırım tavsiyesi olmayıp kendime notum ve çalışmamdır.
The Holy Grail of RSI - How to use RSI Effectively 4 BIG PROFITSHello Traders,
This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading.
Trade Safe - Trade Well
~Michael Harding
RSI and breakoutsIve noticed that when :
1The RSI hits below 30 on the 30min sometimes 1hr time frame
2Then goes up to just before 70 ...say 67 on the RSI
3Then drops again to 25-29
THAT'S A BUY
I think that would indicate a breakout to the upside.
The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the RSI but doesn't. Then drops ,all those people who FOMOed in are FOMOing out at a lower price bringing it up but with more volume.
THIS IS JUST ME TALKING AND NOT ADVICE.
ASTBTCTargets on Chart
Ladder Entry Between 0.000000613-630
Short Position
Please like and share if you like my analysis
#MACD
#RSI
#TREND CHANGE
#RESISTANCE
$BTCUSD Price is Too High IMO- Technical Anal. Into the HalvingThere is a lot of excitement about COINBASE:BTCUSD as the halving is now less than 7 days and 1,000 blocks away!
However, I'm still looking at one more price dump that needs to happen. There is a bearish divergence occurring with LH on the RSI and HH on the price. You can see it happening twice on the price chart as the RSI continues to make LH and LL and price has two patterns of HH and HL. For some reason the Bulls have really been successful in keeping the daily RSI in the overbought range >70 since Friday, and preventing a correction after that big plump. At the start of Monday the RSI actually dipped below 70 and it looked like the price was going to dump. (Went to about ~$8500) But it did not close below 70 and now has since been making a "step down" patter on the RSI (as you can see on the chart). I really think these price "pumps" we are seeing these past few days are not "natural growth" as they say. If you look at the history of the RSI it has never stayed in the overbought region as long as is now. The BB is starting to consolidate and the candlesticks do not appear to be breaking out of the BB.
The $BTCUSD weekly RSI also showed RSI 70 resistance and is now moving down/sideways as well.
So I'm waiting for a dump until the RSI can correct comfortably below the 70, as we see bullish patterns again on the RSI. My guess is we are going to test the ~$7900 Support as this is the current 100 & 200 day SMA. The question is will this happen before or after the halving? Historically there is a dump following the halving so maybe $BTC will stay overbought until after the halving. My previous thinking was that we would see a correction dump, followed by a bull rally leading up to the halving and a dump right after. But now I think it could be either way.
**Very new to this, I would appreciate any constructive criticism and alternate viewpoints**
SPX500 Short. RSI Divergence and RSI TrendlinesTake a lok at the divergence btween the RSI and Price charts with its recent highs. There's also the Trend lines on the RSI that are testing below the Resistance trend hopefully will be a long term hold as the SPX needs to take a damn break.
RSIRSIRSIRSIRSIRSIRSIRSIRSIRSISIRSIRSIRS
#BitCoin update for 02.06.2020BitCoin update for 02.06.2020 the price action is still rising over the yellow lines are supported...
The white line is the VWAP-Anch it did start on 01.01.2020 at 00:00:01 AM UTC... Same as my last update the price of Bitcoin vs the USD is still strong, I have a gut feeling about this year...
In the RSI-VWAP Indicator, it has come down a bit. But it's trying to come back to the 80 zones... For me, that's a good sine because we don't want the market to get too hot yet ... For the reason is, Bitcoin has a bright future and we don't need a repeat of 2017 - 2018... I want to see Bitcoin being used by most people in the next 10 years, not as "Do you remember Bitcoin?"
This chart is the Bitcoin Market Cap Dominance that has been Calculated By TradingView...
Wow, what a move down... What altcoin is taking in all this action?