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Relative Strength Index (RSI)

Setting Support and resistance levels using the CSC-HARSI 2022Watch the video to get FULL details and listen to some commentary. Always feel free to ask questions below. I love talking with you guys. Here is how we do it: Set your RSI and VWAP as its Moving average in the CSC-HARSI The lower the RSI setting, the more S/R levels you'll find. So don't set your RSI to a low setting on a large timeframe chart. For example: Dont set your RSI to 9 on a 1hr chart. Commonly I trade off of breaks of the 50 period EMA on my chart so i set my RSI to 50 and my chart to 1hr. 1. Setup your RSI to a 50 period length with source as CLOSE 2. RSI MA Settings: Set this to the VWAP (NOTE you can not change the RSI MA length if you set it for VWAP as it is now LOCKED to the RSI length) 3. Look for places on your CSC HARSI where the RSI and VWAP close at exactly the same level. 4. The close must results in a crossover and NOT a bounce. 5. If the Heiken Ashi close was a bullish candle, you mark a horizontal line on your chart ABOVE the candle 5a. If the Heiken Ashi close was a bearish candle, you mark a horizontal line on your chart BELOW the candle.
Education
by CoffeeshopCrypto
1
RSI Overbought & Oversold Strategy What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell. 5. The RSI works best in trading ranges rather than trending markets.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
Equities at Technical Resistance with BULL Market StructureDJ:DJI NASDAQ:NDX SP:SPX Equities have rallied in June 2022. However, here in the S&P500 chart we can see a patter that is true for all 3 equity indexes. All three indexes (DOW, SP500, NASDAQ) are at a technical resistance level. This means that it is at a price level that it previously attempted, but was unable to cross above. Let's consider that the price action AND RSI oscillator have been making prominent and consistent higher low and higher high which show that the current bull run is STRONG and backed by a bullish market structure. Now that the bullish market structure has carried the price all the way to technical resistance what will happen next? I see three possibilities (1=least likely, 3=most likely) #1. Backed by this strong bullish market structure, the price will close above technical resistance and form a new support level from that previous resistance level. This will also single a continuation to further growth in the markets and a possible end to this bear market. #2. Resistance level will stay the same, price will go down but still form a higher low. Price then rallies back up to the resistance level and proceeds the same as #1. #3. Resistance level will stay the same, price will go down all the way to the support level or even lower. Signaling a continued bear market. I will most definitely be on the lookout for how this level gets resolved.
SP:SPX
by jdm69
The $BTC rally is gaining traction and hitting key levelsI am still bullish on Bitcoin very long term, but in the short run, things are slightly uncertain but starting to look rosier. The bulls seem to be taking control now with BTCUSD now making higher highs and higher lows. It appears that the momentum has switched to the upside as the 20-day moving average has crossed up through the 50-day moving average; indicating a potential change in trend. It has also just reached its .236 fib level at 24,261.96 and has been fighting it. BTCUSD appears to now be at a decision point with 3 choices: 1) Hold & break .236 Fib level and truly establish an uptrend 2) Build a big base with a lot of accumulation at the .236 Fib level as bulls and bears duke it out (setting up for a very large directional move, direction unknown) 3) Lose hold of the .236 Fib level and head lower showing bears still have some control/fight left The previous battleground was the .382 Fib level which is 29,625.82 on bitcoin. The new battleground/key level as previously stated is the .236 Fib level, 24,261.96. Once bitcoin breaks through the .236 Fib level, I believe it will hit my shorter-term price target of 30k.
COINBASE:BTCUSD
by EBITDAtiger
FILUSDT - Oversold (Weekly chart!)I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances are in favor of upside. TImeframe: Weeks Return: Don't know Leverage: 2-3x if you need to use
Long
by unknownpower
1
ATOM/USDHi all, How am I buying ATOM. Bear markets can be very difficult ot navigate. Staying in USD is also beneficial especially when macro economy is not looking great. This is why I fix many DCA levels in order to be prepared for the worst. Remember that bear markets can go lower than everyone is expecting and can be very hard to navigate. In this moment BTC is looking for a bottom so the altcoins can be a little bit less riskier now. Anyway is not the end of the bear market and this one can last until next halving or the macro it will look better. If you like ATOM I use the following strategy: 1. Establish support and resistence levels. (VPVR and weekly candles) 2. Use Fibonnaci (0.886 level or correction between 80-95% maybe higher) 3. Oscillators (in this case RSI is at historically low levels) What do you think about this buying strategy?
COINBASE:ATOMUSD
by cryptoforevery1
Bitcoin macro analysis (BTC/USD Index)Hello how are you? On the long-term chart BTC follows a bullish channel. It looks like he is testing the 38% Fibonacci retracement. I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021. Why did I consider these dates? Explanation below. BTC/USD indexed on Nasdaq As Nasdaq is strongly correlated with BTC lately, I analyzed in a separate chart the price of BTC indexed on the NDX. Also on the same bull channel: As we can see, we have the last bottom on March 9, 2020 and the last top on March 08, 2021. Then, tracing the Fibonacci retracement by joining these dates, we saw that the price corrected until the 50% correction Maybe test again? I don't know. Fibonacci Channel Reached -50% retraction. Stochastic RSI, RSI and 100-month smoothed exponential moving average On the monthly chart the price is in a theoretically cheap region, rarely seen. On the RSI, the indicator broke the historic low. And the stochastic RSI is still pointing down. When it starts to turn upwards it will be a good sign. Another interesting sign is the 100-month regularized exponential moving average, as circled. On-chain data The volume of BTC on the network indicates important points. In the yellow circles, where we had high volume on the Bitcoin network, this foreshadowed a strong swing in price, both up and down. The percent of circulating supply that has not moved in at least 1 year This indicator appears to be reversing downwards, which indicates that the circulating supply that has been idle for at least 1 year is starting to move. We can see an inverse relationship as shown by the arrows. Drawdown In the past there was a drop of 87%, 80% and 82% approximately. Now we're down 70%. Have already fixed everything, or will you test that red diagonal channel, correcting 74% or more? Stable coins dominance (dollar strength in the crypto market) The dominance of the three main stable coins (USDT, USDC and DAI) has an inverse correlation to BTC. When it goes up, the price of BTC goes down, and vice versa. We have a bullish channel on the stable coin dominance chart, and when dominance reaches the top channel, it is usually a great buy signal, as shown in green circles. Dollar dominance in the traditional market Tested 50% Fibo retracement. Hope this helps.
INDEX:BTCUSDLong
by andre_007
I'm long bitcoin againI have a few indicators that tell me whenever i should accumulate or distribute. On the Weekly timeframe: 1. Does my Accumulation/Distribution band show Red or Green. If Red: 2. Is RSI above 70 and RSI SMA above 50? 3. DISTRIBUTE If Green: 2. Is RSI under 30 and RSI SMA under 50? 3. Is BTC price +- 80% down from ATH? 4. did 50 & 100 SMA Death cross happen? 5. ACCUMULATE There is a few more things i take into account but this is the minimun needed that worked in the past and i believe will work again in the future. For now i'm DCA'ing in slowly untill we see a Death cross on the 50 & 100 SMA AND/OR a drop to -80% from ATH. If you have any questions feel free to contact me
BITSTAMP:BTCUSDLong
by TRASHTRADE
1
BNB/BTCHi investors and traders, BNB/BTC setup looking good for an ATH. To support this idea check my previous BTC/USD which is shows the bottom was in. At least for short term. Oscillators looking good. Forming a bullish pattern with good probability to break out. Price action above 21 EMA on 2 weeks which is so powerful. Correlated with BTC dominance price, DXY chart, BTC chart and ETH/BTC will follow, it seems that the markets want a bounce (maybe a bear market rally) until the end of year.
Long
by cryptoforevery1
1