BTC HTF STUDYThis is a study on the TDI and RCI indicators which are some that not many use. Perfect and clear examples in the chart, can't get any simpler.
Relative Strength Index (RSI)
🔥 SXP: Scouting Oversold BounceSXP has been one of the major winners of the last few weeks, where it gained well over 270% in a very short amount of time.
However, it appears that SXP has topped for now.
I'm waiting for the first hourly oversold reading to occur before scouting an entry. Ideally, we will get in the yellow area of resistance before reversing.
Targets in blue.
BTC 1H Range I find it very interesting just how well BTC can respect the quarterly lines of a range. You can spot certain price action patterns within the overall range but trading within the boundaries of the range can be very beneficial in a sideways environment that we find ourselves in.
When range quarters are hit and coincide with oversold indicator triggers they are great places to go long while we are stuck in this range between 26.5k & 29.2k
Indicators:
RSI
CM_Williams_Vix_Fix
RBLX - Rising Trend Channel [MID TERM]- RBLX shows strong development within a rising trend channel in the medium long term.
- The stock is testing resistance at 47.
- Volume tops and volume bottoms correspond well with tops and bottoms in the price.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
Learn 7 Classic Free Indicators For Technical Traders
◻️MACD(Moving Average Convergence/Divergence)
Traders use MACD to identify changes in the direction or strength of the asset’s price trend. MACD can seem complicated at first glance, because it relies on additional statistical concepts such as the exponential moving average (EMA). But fundamentally, MACD helps traders detect when the recent momentum in an asset’s price may signal a change in its underlying trend. This can help traders decide when to enter, add to, or exit a position.MACD is a lagging indicator. After all, all the data used in MACD is based on the historical price action of the asset. Because it is based on historical data, it must necessarily lag the price. However, some traders use MACD histograms to predict when a change in trend will occur.
◻️VWAP(Volume-Weighted Average Price)
The volume-weighted average price (VWAP) is a measurement that shows the average price of a security, adjusted for its volume. It is calculated during a specific trading session by taking the total dollar value of trading in the security and dividing it by the volume of trades. The formula for calculating VWAP is cumulative typical price x volume divided by cumulative volume. VWAP gives traders a smoothed-out indication of a security’s price (adjusted for volume) over time. It is used by institutional traders to ensure that their trades do not move the price of the security they are trying to buy or sell too extremely.
◻️EMA(Exponential Moving Average)
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period.
◻️THE FOUR TYPES OF EMA:
▪️9-EMA is use for short term trading
▪️21-EMA is used for day trading
▪️50-EMA is used for analysis
▪️200-EMA is used for long term view
◻️RSI(Relative Strength Index)
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.Generally, when the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign. Put another way, one can interpret that RSI values of 70 or above indicate that a security is becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition. Overbought refers to a security that trades at a price level above its true (or intrinsic) value. That means that it's priced above where it should be, according to practitioners of either technical analysis or fundamental analysis. Traders who see indications that a security is overbought may expect a price correction or trend reversal. Therefore, they may sell the security.
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BTCUSDThey my frinds
BTC RSI is in very good halat
so if rsi broked from each side we will go to to seem
enjoy it
GBP/USD rally pushes RSI towards overbought territoryGBP/USD clears the January high (1.2448) to trade to a fresh yearly high (1.2526), with the Relative Strength Index (RSI) reflecting a similar dynamic as it climbs toward overbought territory.
GBP/USD Rate Outlook
GBP/USD may attempt to test the May 2022 high (1.2667) as it initiates a series of higher highs and lows, and a move above 70 in the RSI is likely to be accompanied by a further advance in the exchange rate like the price action from last year.
A break/close above 1.2650 (38.2% Fibonacci extension) may push GBP/USD towards 1.2760 (61.8% Fibonacci retracement), but lack of momentum to test the May 2022 high (1.2667) may keep the RSI below 70 and push the exchange rate back towards the 1.2300 (50% Fibonacci retracement) to 1.2340 (23.6% Fibonacci extension) region.
--- Written by David Song , Strategist
Follow on DavidJSong
@DavidJSong
SPY New Trend ? im expecting $SPY will have small retracement because the RSI in overbought And if we Check the Chart we have Many retracement in the same level of RSI
(Maybe The At 38.20% Level )
Not financial advice im still learning and maybe i have mistakes in my chart <3
What do you Think ?
#SPY or #QQQOne year Daily Chart
a simple comparison by dividng SPY / QQQ
downtrend resisst formed, remained underperform till it breaks the current trendline
BTC RSI Bearish Divergence- BTC risen approx 90% in 130days
- RSI divergence on the daily
- Target is pullback to 200W MA
COCOA forecast w/c 3 April 2023It looks like COCOA is setting up to cool off.
I'm not sure if it'll go lower than 20EMA - I consider this a low risk trade. I don't see the market going much higher without small correction first.
This is not a trading advice. Trading is risky. Always do your own analysis.
BTCUSD - RSI Similarities Falling wedge patterns present on the RSI may indicate comparable bull runs between the one seen in 2017 and the one we are about to see coming.
Arrows on the BTC chart to show the bottom points and where the run begins.
LONDON: GBPUSD - BOBBI/ABCD - IB MOMENTUMGU has broken above structure and typically we expect to retest and continue this move, however we have noticed depletion of buyers leading to a break down of an inside bar. Going for at least 2R with this one
BTC Long Term view for this CycleAccumulation and distribution (tops) marked on BTC's history. By this logic there could be a $180k btc in Jan 2025 (28 months from now). Let's hope!
-RSI marks tops and bottom pretty well, same sort of level each cycle
-According to this logic 17k was the bottom for bitcoin, but we don't know how it fairs in a recessionary environment. I will probably bid in September as that tends to be the worst month for ES.
ETH (CONVERGENCE) + DOWN TRENDhi there ,
convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation,
price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down ,
thanks
BTT huge bullish divergenceMonitoring similar price and RSI behaviour like in 2019/2020 before take off.
PG Proctor & Gamble Swing Long or InvestPG ( think soap, cleanser, laundry detergent toilet paper) is a stock that pays no
attention to market noise, In analysis terms, it is a low or no beta stock.
On a busy chart, the price is curently at the confluence of the SMA 50 21 and 9 averages
also sitting at the long-term VWAP anchored a couple of earnings ago.
It is also in the center of the high volume area on the longterm profile.
Earnings are steady and consistent typical of a reliable but slow-mover.
The rising MACD lines and the RSI piercing through its Ichimoto cloud
serve to further confirm that PG is in a confluence sweet spot.
I see this as a good spot to dollar cost average into a holding of 100 shares
to be used to sell monthly options for income or alternatively purchase
a call option contract at a strike of about $10 below current price with
DTE of 150-200 to make for a stable contract avoiding the market fluctuations.
Bitcoin Tops 200-wk AverageBitcoin has broken above the 200-wk price average near $25k and is now testing $28k. The current price candle is yellow indicating extreme bullish trend behind price.
The lower momentum indicator is still flipping bullish with green signal line rising above the 0 level, still waiting for the purple base line to rise above the 0 level for increased bullish trend signal.
The lower trend indicator show the green RSI line breaking out of its tight trading range between the 50-60 level, and is now above 60 and rising which indicates a healthy bullish trend behind price.
Overall, Bitcoin is still looking good for continued gains, and on a weekly basis, hasn't looked this strong since traders were taking price up to $70k during the Covid bubble.
Current resistance level to watch now is the $28-$30k range, and the current support to watch for on any pullback is the $25k level. $25k was previous resistance and in technical analysis that means it should now become a support level.
Today is Friday so I bought again this morning. Filled at $26.6k and new cost average is now $19.7k.
BHARATFORGE Make or Break????Hello to everyone
Bharatforge trading at support level OF 830---810. If price respects the support level than we can price moves towards upside and if price breaks the support level than we can see the price moves towards downside in coming days.
#BHARATFORGE📊
👉🏻 Stock at support
👉🏻Support 810 (Make or break) Level
👉🏻Keep an eye
👉🏻Bounce possible if respect 810
Bitcoin 200wk avg Resistance at $25k-ish$25k has been the hard top in Bitcoin recently, with a nice floor being put in at $20k.
$20k price support stems from the high set during the crypto bubble in 2017/18 and has historical value. $25k price resistance is coming in the form of the 200-wk average, an average that Bitcoin has never closed below let alone trended below before in the chartable price history going back to 2011. Price being below the 200wk average is also historically significant.
The lower indicators are trying to turn bullish:
-The PPO is close to a bullish cross above the 0 level, just waiting on the purple base line to join the green signal line above 0.
-The TDI is showing the green RSI line in a tight range between the 50-60 level, just keeps bouncing off each one these past few weeks. A move above 60 would be bullish and what we want to see as more
bullish price confirmation.
$20k is the support level to watch in price, a failure to hold there would likely mean a re-test of $15.5k.
$25k is the resistance level to watch in price, a successful breach above there would likely mean a test of $30k next.
No trading for me, just stacking Bitcoin weekly since September when price first fell back down to $20k. I will continue to buy weekly as long as I can keep my cost average below $30k.
BTC Re-tested Monthly UptrendWe had already broken an uptrend from around $3,200 to the present in September 2022. The price, which has tried to break this trend as resistance many times, has failed every time. What will happen now seems uncertain. If we can successfully move the price above the trend, maybe we have confirmation of the bull season. But until then, it's good to be very, very careful.
BTC in H&S FormationIt seems that an H&S formation is forming. With a confirmed breakout, a short position can be tried up to around $22,300.
GBPAUDHi
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
