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Relative Strength Index (RSI)

A bear flag in Platinum!Platinum looks interesting right now. On a 15-min chart, we see price in a bear flag pattern. On top of that, Relative Strength Index (RSI) shows waning momentum, adding evidence to a potential price breakdown. Couple this with a longer-term daily chart, prices are trading in close proximity to a long-term support level of 914 & 883. With the 914 support level broken once last week. We expect some downward pressure on prices in the short term, favoring a short position. Entry at 936.7, stops at 945. Target at 914. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
NYMEX:PL1!Short
by inspirante
Why the market bottom is probably very close - USDT.D Observe the 10D (!) chart above. 1) Price is above the upper bollinger band. Candles don't often print outside bollinger bands and, if they do, the price quickly corrects inside the bands. In this case, the index should drop. 2) RSI. Look at the levels and what happened each time it hit them. Remember, this is a 10D chart (high timeframe) which means indicators print more powerful signals. However, keep in mind: A move outside the bands calls for a continuation of the trend, not an end to it. Often, the first push of a major move will carry prices outside the bands. (such is the case with the last move) On the other hand, a sharp move outside the bands followed by an immediate retracement of that move is a sign of exhaustion. Now, the long wicks above the last few candles printed signify that immediate retracement, in a way showing trend exhaustion. All things considered, I find it highly unlikely USDT dominance keeps rising. Inflation is still very high (no matter those clowns at the White House or the EU parliament saying they have it under control with a 50bp raise, like that is going to undo years of money printing) and crypto is growing (not necessarily good because the market gets more emotional and irrational when the average guy/girl plays a big part, but my point is that liquidity has and will keep rising). Probability wise (looking left at the chart), it is about time USDT.D drops and crypto starts rallying again.
CRYPTOCAP:USDT.D
by unknownpower
Bitcoin Stands Above Sirat BridgeAs you can see, we are in the falling channel form in the weekly timeframe and we have reached the support point of this current channel. We also polled wma200, which has served as a trend changer for the bear market for years, although we are currently below this moving average, I hope to close the week above it. On a weekly basis, our Relative Strength Index value appears to be at historical lows. If we break this channel and even if there is a candle closing in the weekly timeframe under wma200; I do not think that the figures such as $13,500, which is currently spoken in the society, will hold the price, and I predict that we will go to the minimum $6,500-$9,000 range. In a possible reaction rally, I think the price target we can reach is the wolfie resistance area of ​​the current channel. We can see serious candlesticks under wma200, this is normal, but we should never, ever close weekly candles below this moving average.
Long
by the6ylal
WSIENNAUSDT - OversoldThis one will be quick: 1) Look at the RSI. Self explanatory 2) Bollinger bands tightening sharply. Indicating imminent big move. 3) Last time it did 180% in 2 days. Enough said. 4) Project has great fundamentals Careful with leverage here. Small position only (especially with this BTC volatility). Maybe wait until BTC stops capitulating. Timeframe: Could be days (week(s) for the bigger targets) Return: 0.4x - 3.3x (targets: 1.4, 2.4, 3.3) Amount risked: 5-6% of funds
WLong
by unknownpower
2
$BTC OBV I have NOT changed anything to the chart - OBV holding$BTC OBV I have NOT changed anything to the chart - OBV holding Right now the price is going down very slowly (no panic selling, no mega volume) and the OBV is holding, the RSI is super oversold. This is max pain, it means it is max opportunity. I am not saying to sell your house to buy bitcoin now, I am saying the probability to have good entries for the next few weeks, is high. I think we will play in this area until $20k. Then, run it back turbo. OBV is holding and I am happy.
COINBASE:BTCUSD
by Maddrix_club
$BTC RSI is beautiful right now, let's see if the same happen?$BTC RSI is beautiful right now, let's see if the same happen? You can see at the last cycle, it broke the RSI downtrend and slowly played around for a few weeks, then back up. To me, because this current drop is so slow, because we are so oversold, and because other major indicators are showing a sign of reversal within the next month or so, we are close to the bottom. Of course, anything can happen, but I think that $20,000 BTC will be held and protected. ANYTHING CAN HAPPEN DCA your position.
COINBASE:BTCUSD
by Maddrix_club
LOGARITHMIC INDICATORS bull vs bear Bearish case: - If 69k was our 5th and final wave, RSI failed to make a HH which is typical of a weak final 5th Elliot Wave. Price made a new high and RSI made a bearish divergence. - Weak volume with next to no strength in flow of the move Bullish case: - Given EW theory, the 3rd wave should have significant volume and the 5th should display a clear decline in volume after the 3rd wave. So if 69k was the top 5th wave, we did not see this in volume, rather we saw a constant 'resistance' in volume with no real significant decline - RSI did not have as sharp and aggressive decline after our "peak," like we saw in 2018. A much slower downward trend with not a lot of confidence, now reaching bear market historical lows - OBV had next to no peak like we saw in 2018, and though recently it's flat-lined it is still technically making HH's and HL's (this is displayed on multiple exchanges) When volume dies out, it usually precedes a significant move, I've said this before in my other posts. I'd like to see a clear decision down or up that would kick-start our next run up with strong spike in volume. I've taken this info from multiple exchanges, not just this one you see above. In the end, Bulls and Bears can both be right and still profit together, just depends the timing of it and the side you are on at the time of the move. Right now is the time to be objective and not marry your bias. V
BITFINEX:BTCUSD
by cryptovatsik
COCP and playing the setupBuy Shares Strategy - Buy COCP @ $0.44 RISK 4.7% -> Stop Loss $0.4193 TARGET 1 Reward: +4.7% $0.4607 TARGET 2 Reward: +11.4% $0.4900 Looking to break out of this nice wedge; RSI is looking good, STOCHASTIC is trending neutral however. 8 EMA about to cross the 34 EMA, hoping to catch the move before liftoff, with preplanned risk (stop loss) in effect. Volume is lacking, needs more volume for the push. *Let's see what happens* DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NASDAQ:COCPLong
by mrmaximo74
1
BTC - 50% Probability!!Hello to all members of TradingView and my followers. Well, Bitcoin fluctuations have intensified in the last 24 hours. The buying pressure we saw the day before in the range of $ 29,500 caused the price to hit the range channel ceiling resistance again in the four-hour time frame. Again in the last few hours, we have seen a sharp drop in prices from $ 31,500 to $ 29,900. These strong fluctuations are made by whales to activate the losses of traders who trade in futures with high leverage. For short-term trading, I suggest trading only on the main resistance support levels drawn in the 4-hour timeframe. (Otherwise, there is a very, very high risk of trading between the roof and the floor of this range channel.) The $ 30,000 to $ 29,840 support range is currently a good reaction, and the price is squeezing in the middle of this range channel. According to the candlesticks you see on the chart, the probability of the price coming out from each side is about 50%. If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
by MonoCoinSignal
7
NZDUSD .618 Fibonacci| Harmonic| SFP| Price Action Evening Traders, Today’s analysis – NZDUSD – trading from a key trade location where a bounce is plausible, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Harmonic B Leg to C Leg Confluence - Price Action low objective NZDUSD’s immediate price action is trading at a technical area that has confluence with the .618 Fibonacci and the Leg B, allowing for a bullish bias. The Leg C is the immediate objective, reaching this level will confirm a potential harmonic The overall objective is the range low, exceeding this region needs to hold for a continuation back up Overall, in my opinion, NZDUSD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Short
by AzizKhanZamani
BEARS vs BULLS Before, I brought up the head and shoulder on the RSI for the 1D candles. Today it’s at 65.05 on the RSI. With super bullish being considered 65+ and the head of the rsi is at 85. There’s still room for it to run before the head and shoulder is out of the picture. There is a lot of hype about the short interest that still could drive in more buyers. With more upside is still in the picture, if the head and shoulder pattern is and option on the RSI, it could head down to 20-30.
RShort
by Stocta
3