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Oversold

BTCUSD Over Sold Bounce Incoming!Hello Traders, Update on BTC's recent developments, Points to consider - Still in an upwards trend on the 4 hour - Currently testing support which is in confluence with the .618 Fibonacci line - RSI severely oversold, we need to see it break this resistance for a pop back to neutral territory - Stoch starting to show signs of upwards momentum - Bull Volume bar close after several bear closes - Visibly increased volume - EMA's have not caught up with price but, we need to see a cross over otherwise still bearish BTC is looking like its due for a small bounce in the near future before a continued roll back to retest previous support of around $8900. RSI and Stochs are starting to show signs of reversing after reaching ridiculous low historic levels. We have had a sharp fall in price, its is only natural for the market to experience a relief rally, which may top out at the .50 Fibonacci line, now acting as the next possible resistance zone... What are your thoughts ? Please leave a like and comment, and remember, “It does not matter how slowly you go as long as you do not stop.” - Confucius
BYBIT:BTCUSD.PLong
by AzizKhanZamani
forexTrdr AUDUSD FINDING SUPPORTMorning traders We are taking a look at Aussie dollar versus US dollar on our trading view channel today. We have taken the daily chart to show the support level the market has found dating back to January flash crash as well as the descending channel we have been trading in for many months now. We are looking for a bounce from this support area at 0.675 area up towards 0.69 area over the coming weeks. Additionally the pair are oversold on both RSI and turning up on Stochastics adding support to our view of a bounce higher here. Any questions please get in touch
Long
by forexTrdr
Is Euro looking at making a comeback???Cordial greetings. It's no secret that the markets have been behaving strangely (for a lack of a better term) lately. We've been seeing some crazy volatility and that can of course be good for some and bad for others, depending on which side of the market you are on. But let's put that aside and focus on the matter at hand... What we currently have here is an ascending wedge on the Weekly timeframe. The mere fact that it's visible on the Weekly timeframe makes us firmly believe that there is a great chance for the market to follow suit i.e., the market may be bullish and aim for the wedge resistance. This is because price has tested the wedge support line and has already started moving bullishly. The wedge is not the only confirmation that helps us predict an upward move. This is because we also have our Stochastic, which indicates Oversold conditions and this hints at a bullish move. In my mt4 platform, I've also included Moving averages (5 EMA & 13 MA), which are both currently in close proximity, which may lead to a crossing. Well, folks, we have 3 confirmations signalling an upward move, BUT if you disagree with my analysis, I would love to hear your input. So please do feel free to leave a comment. It would be highly appreciated.
Long
by WandileM
How to use my FG oscillator in conjunction with DFG oscillatorLooks like BTCUSD still have a little bit further down to go, but is winding up for a next significant pump. DEMO of the use of my FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) scripts, with my LIVIDITIUM indicators set. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) See also: If you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDEducation
by cybernetwork
forexTrdr AUDUSD - CHANNEL VISION Afternoon traders With the ECB press conference now complete the market is now cleaner to enter other trades. In this case we are looking to get long Aussie Dollar versus US dollar after the pair have settled in oversold levels at support price of 0.6970 area. As per our chart work on trading view we have an ascending channel which is allowing us to set up for a great risk reward trade with stop loss just below the rising support and an upside potential towards 0.712 area as per our predicted bar chart work. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Or if you want a free one month signals trial with us please get in touch. Good luck trading from the Team at forexTrdr
Long
by forexTrdr
forexTrdr USDCAD- 170 PIPS PROFIT EXPLOSION ABOUT TO REPEAT?Afternoon traders, After a big number on US Non farm payroll data surprised the market on Friday and threw the market into doubt over whether the US central bank, the fed, will cut rates at the next meeting giving the US dollar a bounce in strength into the weekend against market expectations. We are looking at a long setup in USD versus Canadian dollar with the pair slowing and bouncing off February's low resistance levels as highlighted in our trading view chart. We have also highlighted how oversold the pair are on stochastic and rsi indicators with. We have highlighted on the Stochastics the last time the pair hit this level and resulted in a 172 pip move higher. We are therefore targeting a move to low to mid 1.32 area and at the same time place a stop loss just under the recent lows skewing the risk reward in our favor on a 3.8 basis . We recently had a doji form on daily candles suggesting we have reached a near term low as selling volume matched off against buying volume which generally points to a change in direction nearterm. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. Good luck trading from the Team at forexTrdr
Long
by forexTrdr