Price is trending towards a well established bottom support with MFI (20) indicating oversold. Potential 50% return by the end of the year, depending on earnings . Look for multiple strong bullish candles crossing the 9MA line.
Bullish engulfing candle formed on 16Jul within the upwards channel. Low MFI indicates oversold and is moving higher (bullish). Look for an entry close to the bottom of the channel for a good risk:reward. Update your entry point and stops on a per day basis.
RISING WEDGE is formed. Volume is also Declining. Most importantly, the price gets higher, but the MFI is falling. This MFI divergence indicates future bearish movement of BTC. HOWEVER, The great trend has been changed to uptrend, So, Fear not.
If the Volume support breaks @ $4940 it has a big gap to fall down through.
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) We are about to start the subwave of wave 5. Keep an eye on RSI and MFI to get the best timing for entry.
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) The S1 support should hold probable dips and provide conditions for a rebound. MFI will be our guide to the ideal entry time.
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) If the 3.1k bounce (that we anticipated successfully) is the bottom, the MFI should provide us the ideal timing to jump in. The MACD is also about to raise its bull flag.
**I was just about to click publish when the short squeeze beat me to it. This was the analysis: Bitcoin sentiment and the weekly chart is bearish, however, Bitfinex shorts are rising and have fallen out of and retested a rising wedge which means we might have a short squeeze from here in the short term and a bounce to retest that pennant as resistance at around...
This chart shows the MFI increasing while the price is staying relatively flat shown with the yellow lines. I put a good entry price and target as well. No Stop loss needed, Augur is near its all time low price in Sats and the MFI looks amazing.
Viacoin MAN uses MFI instead of RSI because it also takes into account volume and can be a little more reliable As you can see, Viacoin enters uptrends after it dips in MFI, in a lot of cases, it doesn't even have to hit low ranges, a dip is enough to add fuel to the fire. Something really big is coming.
Crazy run up, wish I bought in earlier. But looks like a good time to take a little profit, with an aim for reentry around the 50MA (blue line) and the Yellow Kijen line. I put Pink squares around areas around areas of interest where the pattern repeats, it seems to have played out a few times already.
Ethereum hit the strong historical support line and all indicators are telling us clearly: It's a very nice long position. Next major resistance lines: + 470 + 510 + 570 + 620
Will it jump off the support line and break out of the wedge? Positive divergence on MFI. CCI looks oversold. Whether this keeps falling or goes up from here, IQ is a long term hold and will return big profits.
Bitcoin has broken it's longer term wedge and has been moving above it for the last several days. There is a very clear divergence on the OBV RSI on the 4hr, OBV RSI & Twiggs MFI on the 8hr and Twiggs MFI on the 12 hr. Failed higher highs all over the place when comparing indicators to price. Breaking this wedge back to the downside would provide large players an...
Things are looking bullish. First thing I see Is the bullish divergence that I've posted about before on the MFI and RSI on the daily chart. This essentially looks like the inverse of the Bearish divergence that was clearly visible on the apex of the bull market back in December. The anemic volume is starting to show some strength. The 20 day moving average is...
Last week I published a chart showing bullish divergence with MFI, now there is both divergence on MFI and RSI on the daily chart. I was thinking that the price would rally starting last week, but obviously that did not happen. I'll be waiting for stochastic RSI to give a signal before looking for an entry point... right now it's trying to figure itself out. I am...
Pretty clear bullish divergence on the daily chart with MFI. We've already started a small rally but I think we have more room to the upside. See fibs for possible retracement levels... Previous support at 7035 and 8047 look like likely candidates for reversals. Punching through the .618 level around 8500 seems unlikely. Results from analyzing RSI were more...
#ZENBTC is very oversold and should make a nice bounce soon. MFI and Stoch is fully oversold. MACD ready to cross up soon as well. Fill your bags and set sell orders at 2-5%. This is how you make money in crypto, not everything is a moon bag.