BTC WAITING FOR TRIANGLE RSI CROSS\u2028\u2028 & 50 levelHi everyone,
\u2028\u2028this is just a way how this Btc situation could play out.
I have been playing and trying to do some analysis only using RSI. This is how it ends. Maybe.
\u2028\u2028There are two blue triangles on the chart. We are waiting for any break.
If RSI happen to break up, this will be very bullish signal. Similar in the opposite direction. \u2028\u2028
We are waiting for 4H closed bullish candle or ideally for closed 1D in the area of 11 000 $ per changing a Bias to Bullish. \u2028\u2028
The action can be small, but it would give us better probability of doing new ATH soon. \u2028\u2028
You can also see that RSI is going to cross level 50 soon.
Plus there are two RSI Bullish divergencies.
Over all i see it BULLish, even thou iam hearing lot of BEARish noice around. Specially on Twitter.
This is not a financial advice. Iam begginer, learning TA and this is the way to check strategy … \u2028\u2028Please comment.
Does anyone have a tip for backtesting program for beginners?
I dont know how to code yet, so something simple. ?
\u2028\u2028Thank you & lot of luck to you all ! MATT\u2028\u2028
“Rising tide is lifting all boats”
NEW
GOLD & SILVER STOCKS ARE OVER BOUGHT! HYPE IS DRIVING THEM UPFolks, we hate to burst the bubble but...
Has anyone looked at the charts of the GOLD and SILVER stocks?
RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about.
To top this argument off, the big companies like GOLD and NEM are making nothing, no big profits, to run to the bank with.
Both companies recently purchased other gold producers and as of late, neither company can turn a nice profit. Look at the earnings reports...It's the truth!
In fact, GOLD barely hit estimates and revenue was down missing estimates. WHY..? ASK YOURSELF WHY? THE NUMBERS DON'T LIE!
Why are all these GOLD & SILVER companies in Canada? We've never done well with Canadian stocks because at the end of the day, most if not all turn out to be a huge scam.
Both GOLD and NEM have had plenty of time to sell gold at these record prices but yet both companies are unprofitable or making a few cents. Why is this?
We cashed out of all our GOLD & SILVER stocks today and we will not look back. Even if GOLD hits maybe 1600 to 1800, and SILVER hits $20 to $25, none of the stocks we follow are making money and from what we can see, they will continue to lose large amounts of money into the future.
Take your profits in the stocks and move into the Indexes, ProShares, SPDR's and ETF's to play it safe. Here's are several for you to research: GDXJ, JNUG, UGLD, GLD, GDXJ, UGL, GDX, DGP, BAR, GLDM, IAU, SLV
Every piece of GOLD & SILVER these companies find & produce is sold forward which means, they missed out on the record high prices as of today.
Also, where are the nice 2%, 3%, 4% and 5% dividends from all these companies if they're doing so well? Wall Street wants you to believe that because GOLD & SILVER are at record highs, GOLD & SILVER stocks should follow.
This argument is one big FRAUD AND A HUGE SCAM!
TAKE YOUR PROFITS AND DON'T LOOK BACK...WE DID TODAY...NEVER ARGUE WITH A PROFIT!!
BEST OF LUCK TO EVERYONE WITH YOUR TRADES!
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XRP up to 60 CentsSimple Pitchfork channels work Un-doubtfully well
Desktop users span out and look at the total over view of this chart.
Mobile users your just gunna have to trust me on this
Long position open up to ~60 cent mark
May re open it it shows signs of going up to the 80 cent resistance line.
here is my first chart analysisplease give me any feedback on my fib levels or if i am even using it right and on my ema's i am only using the free version so i am limited to three indicators i wish i could use vol and rsi to help but this is what i have for the short term trend we are starting to get out of or maybe not.
MCOA Long Bullish IndicatorsProceed with caution, this is not financial advice. I merely intend to inform you of my observations and of my personal position. I am of course biased as I have already chosen to invest, but I feel bad not letting others in on this lesser known stock with very bullish outlooks.
I recognize bullish indicators in my Stoch RSI and in candle analysis. Also, the company is coming out with several new products, new partnerships, and spent 38 million in R&D last year, likely for their upcoming "Viva Buds" app wherein users can order cannabis to their door on a subscription basis. They purchased 20% and issued one million in stock of a local cannabis distributor to the CA area. The fact that they issued so much stock to business partners suggests to me that they expect its price to increase. I would assume they also spent money on app development, but far less. This means that this stock is a bunny waiting to hop. In 2000 before the crash with prices of over $600, lots of skips and hops after declining to 30 and below. Now at a price of .0059, where can the price lie in even 6 months from now when the app is at market? Since they invested in an existing distributor, the infrastructure is already there. Now, their software will enable the monetization of all of their R&D from last year. They already have a CBD lotion and other products at market. On top of that, today they filed for a reverse stock split. I am personally accumulating as much of this stock as possible while it is at what is essentially a round of public capital raise; a re-IPO if you will.
Be careful,
Best.
Effeerayom: gonna be tough to go below 220$ and 190$Ether is soon to form a daily Smma golden cross.
Late compared to Bitcoin, but hey it's an Alt coin.
When the golden cross will form, the target will be the monthly main resistance
Support at 220 is going to be strong, support at 190 is going to be very very strong.
Lot of upside potential, not a lot of downside potential.
Super good RR long term holding Vladimir's baby.
When the previous Smma golden cross happened, Ether was at... around 18$
Could this be where the market is heading?We seem to be going through the same emotional ride as we did before in the last bubble but with just less participation and news coverage. There are now existential threats no longer round the corner, but actually upon us, Libra and regulations are not good for crypto price appreciation. Adoption, if it ever actually happens as is currently predicted, is still miles away. Coins are worth 10's, 100's of millions or even billions in magic internet money that can be converted into fiat (if you get there first) with no product and no customers. Libra has brought crypto to the forefront of the agenda for world governments and pretty much none of the commentary is positive. What if we are setting up to put in the exact same pattern as before and head to new lows like this. I welcome contrary opinions.
S&P New All Time Highs - Risky BuyS&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take profits, and strong bears will start looking to sell for a move down.
Why is it risky to buy now? There is only a 40% chance of a measured move up based on the height of the trading range. And the risk needed to enter now is large (below the bottom of the trading range). There is at least a 50% chance of a test down soon, back into the range. The middle of the trading range is a magnet and will likely get tested before the bull trend continues. Furthermore, if the bears are soon able to create a strong reversal bar for the large wedge, it could increase the probability to 60% for two legs down. If there is a quick and large move up in the next few weeks, it would likely act as a climax and final flag reversal, increasing the likelihood of a sell off.
Dont think just because there is no reversal yet that the market cant or wont sell off. Look at the past two sell offs from this area. They began from bull bars (Jan 18 two bar reversal), or small inconspicuous bars (Sep 18 doji to outside bear bar). But the follow through was strong and fast. Of course, this does not mean a shorter term trader cant buy and make money. Day traders can do many things investors do not or should not. But as far as a long term investment, this is simply not a safe one to buy at the current price level unless you are willing to sit through a deep pullback and scale in. And if you are - why not just wait and buy then?
If you found this helpful please like! Feel free to comment or ask questions
Bad NFPRise in unemployment and horrible NFP. Farmers saying less than 35% of all feeder crop (corn and soy) were planted before the May 31st deadline fro insurance. Horrible flooding in the midwest lasting further and further into the planting season. Longer summer heat and warm winters a major cause for concern heading into those 2020 elections.
FET is up for more gains!! Possible Inverse H&SAfter hitting 34 cents, FET went down for price discovery, rested on Fibbo .236 around 14 cents, then now goin up and down forming IHS with a target around 27 cents. Volume is still absent within the right shoulder. Waiting for the buyers to step in soon to validate it, I've already bought the dip, waiting to add at the breakout.
Positive views..
1. MACD has a great setup on 4h, 6h, 12h, and the weekly too.
2. VP point of control has been penetrated already
3. CMF bottom yesterday.
P.S. The box above is a first target and a consolidation area as the weekly vol is significant!!!
Not a buy advice but a nice set up i'm trading..
Cheers!!!
US30 SHORTAs you can see we previously saw price break our zones which hit our TP. Higher prices are being rejected we now are looking for the pullback.
lets see how the week ahead is going to look as we prepare a sell with the look at the market dropping down towards the 26000 level..
its a new week so lets catch some pips because
Everyday is Money Day!
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