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Oversold

Statistically looking at BTC history. Much love!Hey everyone, We are all going through some unfortunate times with plenty to talk about. That being said, I hope everyone is safe and enjoying themselves. Needless to say, I've noticed a specific trend. When I started to look at the weekly chart, I zoomed out in an attempt to validate my current trade. When I did that, I ended up going through a rabbit hole full of data. I flirted with taking a look at the dumpiest places ever, almost like my search for every apartment in LA. Needless to say, I saw two statistics that coincide with one another. If you take a look at the monthly chart, there are two statistics that stand out the most - January 12 '15, and December 10 '18. At those infliction points, we were completely oversold. It took approximately 1,428 days to go into the oversold department starting Jan 12 '15. If we use the same calculation, things seem to start processing into existence, starting from December 10 '18. Fast forward to today, we can see that another 1,428 days land on Nov 7 '22. I believe that the bear market will end and that point. No one times the market. Take a break and hug the people you love. Happy trading.
BITSTAMP:BTCUSD
by CryptoArom
Massive Falling Wedge Headed Into EarningsAlways keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description -- PT1- $20.81 PT2- $21.67 PT3- $22.54 PT4- $23.78 --Weekly Timeframe-- -- Previously Charted--
NYSE:LACLong
by jacobosiason7
2
SIRI | Great Long Entry | LONGSirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio system and streamed via applications for mobile and home devices, and other consumer electronic equipment. Its Pandora and Off-platform segment operates music and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices. In addition, the company offers podcasts including true crime to politics, sports, comedy, and other podcasts under Stitcher brand. Further, it distributes satellite radios through automakers and retailers, as well as its website. The company also provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services, as well as music programming and commercial-free music services for commercial, office, restaurants, and other business. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.
NASDAQ:SIRILong
by DivergenceSeeker
6
$LXRX - Inpefa FDA Approved - Inverse H&S - BOOM BOOM ROOMThis could be a game changer. Marketcap of Lexicon Pharm that produces Inpefa is only $538M with plenty of cash on hand. Competitor drugs Jardiance from NYSE:LLY and Farxiga from NASDAQ:AZN did over $6B and $4B revenue respectively in 2022 and expected to grow quite a bit over the next few years. Inpefa received FDA approval and was rolling out commercialization and sales at the end of June. This should be a fun ride! This is my own opinion and should not be taken as financial advice. Own your own trades.
NASDAQ:LXRXLong
by Croaking
🔥 RDNT High Probability Oversold Bounce: Amazing Risk RewardRDNT is one of the newer tokens on Binance, which naturally makes it more volatile than others. This volatility is risky, but offers great opportunities when used correctly. As seen on the chart, RDNT has hit hourly oversold on the RSI on a strong support area, which directly caused a bounce. For an optimal risk-reward, I put the target at 0.40, but you can take partial profits at 0.315 in case you want less risk. Stop under the recent swing low.
Long
by FieryTrading
2
🔥 CFX Oversold Bounce Trade: Following BTC Up!CFX has been one of the bigger winners of 2023. However, this token has been largely trading bearish ever since it topped late March. As of recently, CFX has hit daily oversold on the RSI for the first time in many months, likely causing some kind of reversal. Now that BTC is breaking out, I'm anticipating that CFX will see more gains in the near future. Target is the 2023 high, stop under this daily candle. A less risky trade would be a stop under the June 9th lows and/or a (partial) target of 0.3
Long
by FieryTrading
1
Is TSLA overbought and ready for a retracement?TSLA has run up over 100% this year in two separate waves. Some traders based on the the magnitude of the current wave say it is overbought? But is it or are they just trying to rationalize a short trade at what they think is the top? Are Jim Cramer and Kathie Wood wrong? On the daily chart of TSLA, I have added a long term volume profile, an anchored VWAP with lines for the mean and = /1 two standard deviations. I have drawn two zones of horizontal resistance based on pivots in the past couple of years. Zero-lag MACD and RSI indicators are added as well. I make the following points: (1) Price is above the high volume area of the profile but not significantly so. (2) Price is below the resistance zones and TSLA may have enough momentum to break through them without hesitation. (3) Price has crossed over the mean anchored VWAP but has a long way to go before it ascends to the second standard deviation where institutional traders may be prone to take short positions ( overbought) (4) The MACD indicator shows K/D lines in parallel and ascending above the histogram. With no lag to contend with a cross of the lines would be an early indication of an overbought condition. Bearish divergence would suggest TSLA is overbought but there is none. (5) The better RSI indicator shows the value rising from 40 to 70 in the current uptrend. A rise over 80 and then a drop to show bearish divergence would be an indication of an overbought condition. This has not occurred. Based on all of this, I can easily conclude that TSLA is not overbought. Any traders who say it is overbought may be simply trying to discourage further buying. I suppose that they might do so because they are in a short position that is now essentially self-liquidating. If that is the case, their better approach might be to get rid of their position, buy to cover and help TSLA move higher. I will continue to try to add to my long position in TSLA when I see daily lows on the 15 or less-minute time frame. From the overhead resistance, I can appreciate there is still significant profit potential with TSLA especially since the resistance may evaporate away letting TSLA bull run its way " blue sky".
NASDAQ:TSLALong
by AwesomeAvani
5
🔥 Ethereum First Oversold Signal Since FTX: High Risk RewardETH has been selling off over the last couple of days. As of today, ETH has reached daily oversold levels on the daily RSI, the first time since the FTX collapse. The daily RSI being oversold on the bigger assets like ETH and BTC typically offers good risk-reward entries for bounce plays. To further strengthen the bullish narrative, ETH is currently trading at a very strong diagonal support. I've been looking at this support for a couple of weeks now. My target is the 2023 top for the highest R/R. One could also use 2000 or 1900 as TP levels. Stop under the daily low. Keep in mind that this trade is relatively risky since the crypto market is weak at the moment.
by FieryTrading
10
🔥 MATIC Found Support At An Ancient TrendlineMATC has been one of the weaker major tokens of the last couple of weeks. During this week's sell-off, MATIC moved all the way towards an ancient support line which has been established at the start of the previous bull-market. This, combined with the 3D RSI being severely oversold, makes me believe it's more likely than not that we're going to see some kind of bounce in the near future. For an optimal risk-reward, I'm looking at the current ATH value as the profit target. A less risky bet would be to target 1.00 or 1.50, with a stop below the most recent local low.
M
by FieryTrading
6
EURAUD - Wait For The Trigger 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that EURAUD is sitting around a strong rejection zone as it is the intersection of a horizontal support in blue and a non-horizontal support in red. So we will be looking for buy setups on lower timeframes. on H1: Right Chart EURAUD has been overall bearish medium-term. However, it is diving inside the daily support zone. 🏹 For the bulls to take over , for a potential shift in momentum, we need a break above the last major high in gray and upper orange trendline. Meanwhile, EURAUD can still trade lower. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
3
🔥 CFX First Daily Oversold In 2023 Bounce IdeaCFX has seen incredible gains in the start of the year. However, we've been largely been trading rangebound since the March top. As of today, CFX's daily RSI is on the edge of being oversold. This is the first time since half December that the RSI has hit daily oversold levels. This is significant because it has taken 6 months for it to happen, hence I'm anticipating bulls to step in. Keep in mind that we're currently in a news-related event, so volatility is to be expected. The signal will activate once the daily RSI has closed below 30.
Long
by FieryTrading
2