ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge.
You can follow this chart here .
I hope you learn something from this video and if you like it, then please leave a like.
If you have questions, then please leave a comment.
Thank you.
M-oscillator
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there.
If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators:
1. stochastics RSI in over sold
2. Surge turning up and displaying a back and front divergence.
then I will be getting in my favorite Alts at God-speed! Let's see what happens!
Thanks for watching and reading my post.
Massive momentum divergence means a top is forming in OIL1. In this video I've focused on momentum indicators to show a massive divergence building with every higher high in the price of oil.
2. I also showed a longterm trend line providing immediate resistance
3. Lastly, I used cycle analysis to predict a major swing low ~ 8 weeks from now
TAKEAWAY: 3 independent forms of technical analysis giving the same outcome that oil peaks right now. This is complementing my fundamental view that inflation has peaked; aka oil has peaked.
Thank you and feel free to leave your constructive feedback
DOGE Coin. A Trend Shift is Taking Shape.BINANCE:DOGEBTC has seen many a great pumps in 2021, with smaller pumps inside the bigger ones in what looks like a fractal. Recently, DOGE has been going sideways for a whole month. This hasn't happened in a long time. It has always been trending lower and lower. A support line is gaining more significance as DOGE keeps bouncing off of it. I believe we are on the verge of a trend shift, either we remain going sideways for two more months, or we see a new pump soon that is greater than the recent weak 1-day pumps. Moreover, RSI is showing a sign of reversal due to stronger lows in RSI coinciding with lower lows in price. Let us wait and see how this unfolds, and whether the next pump is indeed stronger than the last.
How to use swing trading indicatorThis is tutorial on "How to use swing trading indicator " developed by me. Do use and benefit from it.
OHMDAI Bullish daily candle with biggest buy volume ever? Howdy! Hope everyone is having a good weekend out there. Green hammer, huge volume (biggest green volume on the daily ever for this pair), nice bounce from support confluence. We need VOLUME and to start making higher highs/low as well as flipping resistance to support. All my ideas are laid out here for you. Let me know your thoughts and any ideas you might have! Thanks :)
Garreth
OHM Descending channel/macro outlook Hi all, hope you enjoy my analysis here. Do let me know if you prefer written or oral style updates. I certainly prefer to listen to content and find it easier as an explainer. Obviously I'm charting OHM and not gOHM here, IMO supply and demand aren't the same between the two so it's worth looking at OHM as that's what I feel most investors are looking at. My last few ideas on RSI divergences have been pretty well timed and pumped, but we lost momentum/had failed swing-high unfortunately. Feedback welcome :)
Kairi Relative Index - OscillatorKairi calculates the deviation of the current price from its SMA as a percent of the moving average.
If the percent is high and positive Sell (Overbought )
If the percent is large and negative Buy ( Oversold )
The trading strategy is similar to RSI, but the upper and lower limits will be determined based on previous results and not like RSI at a certain level ( 30 or 70)
This is EXACTLY how tops are formedTalking points
- google has seen momentum absolutely breakdown with a significant drop in price. This has not happened before; at least going back a few years
- it's appearing as though the break to new all time highs in oct was most likely a fakeout as there was no follow through
- the nasdaq has been rallying on extremely low breadth so if and when these big ones drop, market will go down with it
STRATEGY : my target is ~2500 which is about the 200d SMA which coincides with a potential demand zone so a triple magnet. This drop of ~10% can happen this week itself or latest next week
The drop in Tesla was predictable & is a warning for all techHello,
Talking points
- RSI & Bollinger Band strategy to predict a snap back move down
- Tesla never drops this much in isolation, there is a strong correlation to QQQ & BTC
- A drop in general markets could be coming as early as this week
The correlation between the 3 are shown in the chart below. The green arrows show the respective weeks.
Thank you for your constructive criticism
Reversal Zone Indicator / bitcoin litcoinIn this video, I show my most recent indicator that I have created which spots reversal zones based on stochastic RSI indicator combined with MACD indicator.
Potential buy zones are indicated with green columns printed on the chart, and sell zones are in red. a signal is more powerful and accurate whenever its surrounded by black bars before or after.