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Overbought

Symmetric 3 Drives TOP 12H @ BTC/USDAll the choppiness was with the intent to create this perfect pattern and very symmetric 3 Drives TOP. Money Flow Index = Overbought level (Last time that happened was a very violent breakdown.) RSI = Overbought Levels This movement marked the beginning of 1 Week + 1 Month candle building the upper part of it. Which means it will remain to build the down-part of the 1 Week Candle + 3 weeks in which we can build the down-part of the Monthly candle. Fundamental Nothing has changed in the Market cap is the same as it was when it hit the same high's even now Altcoins are randomly pumping and dumping. April 26 - Rehabilitation Plan of the APPROVED claims from Mt.Gox creditors which is in the amount of 140.000 BTC & 140.000 BCH approved CLAIMS. Google Trends still in All Time Low trends.google.com (Weird people are shilling for Venezuela when Nigeria is No.1 Place for Bitcoin interest, land of online scammers) Technical So simple put everything is OVERBOUGHT at high levels. It doesn't have JUICE in it anymore for any big movements without a healthy correction.
BITSTAMP:BTCUSDShort
by SpawnyXBT
3
USDEUR IS OVERBOUGHT A DROP IS COMINGUSDEUR has high probability to drop, reasons: Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator; RSI Divergence Previous Resistance: 0.892 Previous ascending channel has been broken. Target 1: 0.884 Fib 0.618 Target 2: 0.881 Fib 0.382 Target 3: 0.873 Fib 0.236 STOP: 0.893 Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Short
by go8686
BITCOIN Rejected by Previous Resistance A Pullback is neededBitcoin (Coinbase:BTCUSD) has just been rejected by 4030 resistance, the same story happened 8 days ago. To challenge 4030 resistance again, a pullback is necessary, for the reasons: Overbought (Yellow) in 1H time frame indicated by 9 Seasons Rainbow Indicator RSI Divergence in 1H time frame. Altcoins are becoming weaker than Bitcoin: LTC, EOS, etc. A short trade on some altcoin with small amount may be amusing. The target: 3970-3990 There is possibility that Bitcoin go for next bull run before a pullback, but at least, I would not Long at this time. In this case, when it is rejected again, another amount for short can be added. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
COINBASE:BTCUSDShort
by go8686
[Signal] GBPCHF: Delayed Brexit is Positive? Nahh..GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit transition is still going to be bad for the UK economy as corporates are not going to do any capital expenditure to improve GDP. Suggested Trade: Entry @ Area of Interest 1.3045 - 1.3165 SL: 1.3309 TP: 1.2602 RR: Approx. 2.56 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
BTC: It will go sideways until next dropSo I was wrong, I overestimated BTC. I knew one thing certainly: That the weekly Stoch RSI would have to go into overbought zone again, because it hasn't been there since a far too long time. And that is indeed happening exactly as I thought. However, the way it is happening, is different: Not through a strong bounce, nay, but by going painfully sideways, with a very slight tendency upwards, so that we still go to overbought territory. This is of course genius, because by that, BTC can start the final drop from much lower, 4000 instead of 5000. Therefore, the bottom will be consequently also 1000 USD lower than I thought. In my previous analysis I identifited the MA300 as solid support, at around 2400 USD. However, I think it will be penetrated downwards for a short while, could go as low as 1600-1800 USD. But it will strongly bounce above MA300 and the weekly close will be above MA300, so that it indeed will furtheron act as strong support. It might do a double bottom like structure with a second drop a few months later, similar to the bottom accumulation zone in 2015. I am still watching daily transactions, we are still below ATH, so I don't see any reversal yet. Halving date is now end of May 2020, so still plenty of time till there. And still many people post charts about this being the bottom, therefore I am pretty sure that it won't be the bottom, hehe.
BITSTAMP:BTCUSDShort
by SebastianofMoon
18