🔥 A Simple Guide To Sell The Bitcoin TopIn this analysis I want to talk about the upcoming Bitcoin top, and how to make sure you will exit at the "right" time.
As seen on the chart, every past cycle has topped at, or close at the purple RSI resistance drawn on the bottom half of the chart.
The strategy is simple, sell your BTC's in the month that the RSI has hit the top resistance. And Ideally, buy them back at a discount once the RSI hits the bottom support.
You will likely not catch the exact top, but will catch the top area better than 90% of traders.
Relative Strength Index (RSI)
Daily Wedge w/ Divergence Spotted!! - AJHere I have AUD/JPY on the 4Hr and Daily Charts!
Daily Chart-
-We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power!
-The High created on Feb. 23rd was followed by a STEEP decline in price!! Much of this caused by BOJ rumors of JPY possibly exiting "Deflation" and with the market doing well!
4Hr Chart-
Price had made a Low after the steep decline from the High giving me an opportunity to find a Fib'd Entry Zone and Price had tested it already at the end of last week. To start this week, price as began to work down validating my Bearish Bias on this pair!
Fundamentally this week:
AUD - GDP (Tue)
JPY - Tokyo Core CPI & BOJ Ueda Speaks (Mon)
*Currently in Active Trade
Keep An Eye - COLPAL📊 Script: COLPAL
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Stock is under Consolidation Zone highlighted into chart breakout is above 2624 level.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade only above 2624.
BUY ONLY ABOVE 2624
⏱️ C.M.P 📑💰- 2606
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Crossover Trade - PFC📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is trading at Middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 432
🟢 Target 🎯🏆 - 458
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Is BA accumulating for an another leg higher ? LONGOn this 120 minute chart of BA where price is a blue line I have superimposed a RSI from the 4H
time frame. Each is on its own scale RSI is 0-100 while BA is the actual price level. This set
up detects divergences to forecast near-future price action. One the chart text box comments
serve to explain this a bit more. Basically if price is flat and RSI is rising divergence is there.
Likewise if RSI is falling and price is sideways there is bearish divergence. It follows that when
the RSI line is above price and price is rising, if the slope of RSI exceeds the slope of price,
that is a bullish bias. If price is falling and is above the RSI which is falling faster that is
a bearish bias. At this time, I believe that institutions are making small ( for them )
incremental buys trying not to move price until they get their quota. Price is currently
below the mean VWAP anchored into the distant past. Most buying and volatity will occur
at that price. I want to get in early. I will buy call options above current price near to
the VWAP so striking $210. So far BA has been very good to me actually a cash cow because
of the strategy used. I have two contracts at $220 for July. If things go well with this
trade, I will use the profits to buy a contract for expiration in September and spread the
risk over more time as a risk-off strategy. A stock share long trade is good from here for an
investor but the price ranging is not enough for your average trader. Fundamentally BA has
had plenty of good news and bad news. I focus on the good news. The new contracts to buy
coming out of India and Thailand point to future earnings stability something that suggests
the time to trade is now.
Risky + Doble Digit - ALLCARGO📊 Script: ALLCARGO
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout if it.
📈 MACD is giving crossover .
📈 Right now RSI is around 63.
📈 Price increasing along with volume which indicate Volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 85
🟢 Target 🎯🏆 - 92
⚠️ Stoploss ☠️🚫 - 81
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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IOTX remains bullishI made this call along with others back in November, SEED_DONKEYDAN_MARKET_CAP:IOTX RSI looks great, and its steady climb confirms for me it's ready to go!
So excited for the future of legitimate altcoins, which also includes pair of Meme coins.
Let's see how the rest plays out, .24c near future?
Check out my other ideas as well.
FLOKI Potential Correction Soon ! RSI at 99If you haven't read my article about meme coins:
Then the heightened RSI level of 99 for FLOKI signals a potential correction on the horizon.
Such an extremely high RSI often indicates overbought conditions, suggesting that the asset may be due for a pullback.
The price target, as per the Fibonacci retracement tool, is: $0.00000697
PEPE Potential Correction SoonIf you haven't entered PEPE in the buy area:
Now, at an RSI exceeding 93, it seems we are currently in a massive bubble.
The previous corrections following an RSI surpassing 76 were significant, as you can see in the chart!
Taking into account the Fibonacci retracement tool, my anticipated price target is $0.00000243, corresponding to the 0.618 level
#BTC/USDT 3D (Binance Futures) Ascending channel on resistanceBitcoin is facing historical supply zone and RSI about to enter overbought territory.
Local top seems near and price may retrace down to 50MA, mid-term.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.5%
Current Price:
51926.9
Entry Targets:
1) 52197.8
Take-Profit Targets:
1) 40814.3
Stop Targets:
1) 57903.8
Published By: @Zblaba
CRYPTOCAP:BTC BINANCE:BTCUSDT.P #Bitcoin #PoW #P2P bitcoin.org
Risk/Reward= 1:2.0
Expected Profit= +109.0%
Possible Loss= -54.7%
Estimated Gaintime= 2-4 months
Bullish Sign For Bitcoin!Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for bitcoin.
Thanks
Hexa
Crossover - IRCTC📊 Script: IRCTC
📊 Sector: Railways
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 968
🟢 Target 🎯🏆 - 1049
⚠️ Stoploss ☠️🚫 - 933
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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MACD Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss ☠️🚫 - 462
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Middle Road for UCADHere we have USD/CAD on the Daily Chart!
Down on the 4Hr Chart, Price is Bouncing-Up off of the Rising Trendline I have on the chart but with each bounce, buyers seem to be losing strength!
Zoom out to the Daily Chart, it looks like UCAD is in a bigger scale Consolidation with price right in the Middle Road!
My bias on this pair is Bearish given that we are seeing a Slight Divergence in the RSI with our Peaks falling lower and our Dips dropping further pushing a Bearish Narrative.
Oil has been on the rise and that also has me siding with CAD seeing as how Canada is the 4th Largest Producer of oil globally and if prices of Oil keep rising, we can expect UCAD to keep moving lower!
If we can get a Valid Break and Close of this Rising Trendline, I believe we will see price break down through the Local Support to test the Lower Support Level.
Fundamentally this week:
USD - CPI (Tue) Retail Sales, Unemployment, Empire State Manu. Index (Thu), PPI (Fri)
CAD - Clear
NIFTY DAILY - 20/2/2024The bulls successfully stretch their arms for yet another session and 6th winning strike of them.
Nifty50 has made another All Time High that is 22215.
Index has formed green body candle with upper and lower shadow.
Currently RSI is 63.
Nifty find nearest resistance 22381 level and nearest support lies around 21961 level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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CRV is showing Clear Divergence +1100% Profit Potential---------------------------------------------------------------
Description
---------------------------------------------------------------
+ The analysis reveals a clear RSI bullish divergence, signaling an imminent reversal in price dynamics. This divergence pattern often precedes a significant uptrend, suggesting that a rebound is on the horizon. Investors keen on technical indicators would find this development particularly noteworthy, as it hints at a shift in market sentiment towards bullishness.
+ The prospect of a substantial profit of 1100% without the need for leverage underscores the attractiveness of the impending price recovery. Such a potential windfall without leveraging positions speaks volumes about the strength of the anticipated uptrend. It presents an opportunity for traders to capitalize on the market's natural movements without taking on additional risk through leverage, a strategy that aligns with conservative yet profitable trading approaches.
+ At present, the asset's price finds itself comfortably nestled within a supportive price zone. This zone, historically significant in providing a floor for price movements, serves as a solid foundation for the anticipated bounce-back. Market participants monitoring this zone with keen interest anticipate a swift turnaround, driven by both technical indicators and historical price behavior. This expectation adds weight to the likelihood of a bullish resurgence in the near future.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 0.3973 - 0.4797
Stop Loss: 0.3696
------------------------------
Targets 1: 0.7353
Targets 2: 1.1190
Targets 3: 1.5840
Targets 4: 2.1276
Targets 5: 3.1282
Targets 6: 4.6582
Targets 7: 6.7875
------------------------------
Timeframe: 1W
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
NIFTY DAILY - 14/2/2024Indian index opens with gap down with huge selling pressure due to bad inflation data from US and bears took nifty to the low of the day that is 21530.
Afterwards bulls took the charge and started filling the gap and made high of the day that is 21870.
Index has formed large green candle with upper and lower shadows.
Index has taken support at 50 level on RSI.
21912 will work as resistance level & 21632 will work as support level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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ROKU is pulled back for re-entryROKU has been downtrending in a retracement of the uptrend from late May to mid June.
On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value
zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers
prefer to buy in either the under valued zone or the lower portions of the fair value zone and
then in turn sell high in that zone or above it in the over valued zone. The RSI indicator shows
RSI to have descended into the oversold zone where RSI is about 20. On the volume profile
price has descended into the high volume area where increased trading volume will support
price and likely push a reversal.
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:BTCUSDT
😊Today, I want to analyze Bitcoin for you in a 4h time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
➡️Bitcoin's recent performance has been strong
Short-term long positions are risky via overbought RSI
A correction may precede a potential move past $50k
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Cup and Handle
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
#BTC/USDT 1h (OKX Futures) Parabolic channel on resistanceBitcoin just printed a shooting star and seems likely to retrace down with that overbought RSI, very short-term.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (9.0X)
Amount: 5.0%
Current Price:
47555.0
Entry Targets:
1) 47643.2
Take-Profit Targets:
1) 45534.1
Stop Targets:
1) 48700.3
Published By: @Zblaba
CRYPTOCAP:BTC OKX:BTCUSDT.P #Bitcoin #P2P bitcoin.org
Risk/Reward= 1:2.0
Expected Profit= +39.8%
Possible Loss= -20.0%
Estimated Gaintime= 2-4 days