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Rsi-2

ETCUSD Ready for Positive MovementThere are many things happening with ETCUSD which makes now an especially good time to take a look at Ethereum Classic. In lieu of the pending release on Coinbase's main platform, those who've wanted to make their exit have all left, leaving a void ready to be filled by the bulls. This correlates nicely with the recent time cycles that Ethereum Classic has been trading in these past couple months- Ethereum Classic closed its most recent short and long cycles by touching the key 12-13 support range. In tandem, the most recent P&D is showing a strong bullish RSI convergence. RSI is sitting in the slightly bearish zone, however, and this may reverse soon. The Stochastic RSI is approaching zero, setting up a new reversal. ETC is trading along the lower bound of the Bollinger Bands, and is showing a green candle for the day- marking an end to the week long slump. The only indicator which doesn't support a new bull run is the ADX/DI. While the DI- made a crossover, the ADX is riding low. I would consider this to be neutral (a small positive correction would not considerably alter this weak trend). While this is not displayed, ETC has been trading in a downwards channel with a false breakout, however it may breakout soon as it is sitting at this key support range. I expect this bull run to most likely happen within the next 4 days. Due to the strong pressure of the overall bear market, it is not likely to cross the key local resistance around the 18.5-19 range. For those who bought earlier following the Coinbase announcement, this may be a good exit for the short term if bear pressure overcomes the positive sentiment following the Coinbase listing. Good luck to you all!
BITFINEX:ETCUSD
by higgsboson
LAST KISS or FAILURE TO HOLD - BTC LONG TERM WEDGEBitcoin has broken it's longer term wedge and has been moving above it for the last several days. There is a very clear divergence on the OBV RSI on the 4hr, OBV RSI & Twiggs MFI on the 8hr and Twiggs MFI on the 12 hr. Failed higher highs all over the place when comparing indicators to price. Breaking this wedge back to the downside would provide large players an opportunity to accumulate more at lower levels and shake out weak hands that have been buying on this last rally. Conversely there could be support at the trend line and a push higher after correcting to the 1/1 Gan Fan line. The new of a BTC ETF could create a sustained rally into the 1/1 channel which would move us up to higher resistance levels, at which point we would have to analyze the market at that point based on ETF news and other factors.
BITSTAMP:BTCUSD
by blakester1111
Bitcoin (BTCUSD): 3 key info. to keep in mindThe 4 hour timeframe of Bitcoin (BTCUSD) is shown in this analysis and commentary is provided below based on the numbers marked on the chart in an ascending order. (1) Bitcoin bullish price channel that arose from a Head and shoulders bottom (inverted Head and shoulders) pattern that confirmed after price close above ~$6,869.60. The implication of the Head and shoulder pattern based on price projection has run its course leaving the current bullish channel in Bitcoin (BTCUSD). Also adding to the current bullish scenario is the break above the long term bearish trendline with price action establishing higher highs and higher lows. (2) ~$7,554.80 and $7,296.60 indicate support region for Bitcoin (BTCUSD) with price reaching the top of the channel at ~$8,500.10. The horizontal support region is well within the bottom of the channel, which increases the chance of a possible sell off that should target the support region as mentioned above. Price reaching and consolidating around support implies higher price that should see Bitcoin move above $8,500. (3) The green line marked on the price chart and on the RSI indicates a bearish divergence which suggests also that the current bullish momentum has run out. It is therefore better to have momentum confirm the resumption of the bullish trend before establishing long (buy) positions.
BITFINEX:BTCUSDLong
by Coin_Analyst
ETH Bullish DivergenceIt is very clear on any time frame from the 1H to the 4H, that bullish divergence seems to be forming. We are seeing the price slope downwards, while the RSI is making higher lows and sloping upwards. I am long here, expecting a bounce to occur at some point. This bullish divergence has been forming for a while, and I expect the price to follow suit soon. Additionally, on the 4H, the volume has been decreasing, hopefully leading to some breakout volume that will give us a nice bounce. Good luck, Vik
KRAKEN:ETHUSDLong
by vikrumpain
Bitcoin - Bullish DivergenceWhilst a break below support is still a very real risk - there is clear bullish price divergence on the 4 hr chart as well as the daily chart. This would suggest that support will hold - at least for now... On this 4 hr chart we can see the red line and green lines linking respective low points on the Bitcoin price and RSI. Whilst the price falls over these periods, the RSI is rising. The suggests that price momentum is transitioning from bearish to bullish. This may provide reason not to dump everything right now, but not enough to be loading up on a large long position. I'll be waiting for a clear break of either support or resistance trendline before making a directional call with any strong conviction.
BITMEX:XBT
by tennant.graeme
A Neutral Idea on BTC not Bear or BullNOTA: Para Español, Ir hasta abajo! What do you say about this scenario, Sellers are getting tired if you can say it so, we have less volatility day after day since weeks ago, maybe it could indicate a bottom perhaps??? we are at #1 return point I signaled before on other analysis, we can have a Bounce over the 6k support line, we have been here for 3 days in a row, that didn't happen since months ago, and the SAME Logic used for resistance we should use it for Support TOO. Orange Line #1 IF in the next hours we don't break down this Support Area to the 5.4k levels and downer, we should have a spike. And this SPIKE should Break the 6.4k Level of resistance (a Relevant one) which is converging with EMA 26-30 too, AND the bearish Trendline (So this is a Big Resistance Area Right Now). Then, We can make a Trip to the next Resistance Trendline in the 8.2kish (Remark This) We could Break it for Further movements or be rejected as expected to lower points maybe bellow 6k to 5kish and lower. READ THIS WELL AND CAREFULLY, don't get caught by FOMO later and don't say no one warned about it, This could be a trap for bull and bears too. Blue Line #2 We can definitely break the bearish trendline from January, and we can go again to test the 10k, specifically 9.8k (in this area there is a lot of Resistance too and it is a psychological WALL like the GOT one with the white walkers and stuff). We can expect a rejection here since it is so hard to pass thought, indicating a False breakout of the January Trendline and go to retest again 6k and lower supports. (Maybe to #2 Return point-you shall see previous analysis to know what I'm talking about). Yellow Line #3 We break #2 Setups and go to next resistance at the 11-12kish area, were major Resistance is stablished before a Bull run can set it's foot. This is the furthest target I honestly can see within my scenarios. I expect a rejection here if we consider a market cycle not finished yet at this point. IF we get over this area (12k) then a bull run or at least near the 20k run could easily take place (I would have to do other calculations here) so in essence consider this scenarios. Red line 1 and 2 #4 We break Down the 6k levels to next support areas 5.4k and 4.5k with the lowest probable point in the 4.2k, at the same time we get at the 2nd point of return (check previous analysis) and get in a stable growth. NOTE: Other fact I can support on is the RSI, it shows a possibility for an upward movement in July, Check the RSI and it's previous behavior, right now it is testing resistance, if it breaks it we shall see further movements on the price of course. Good Luck!. __________________ ESPAÑOL ¿Qué dice sobre este escenario? Los vendedores se están cansando si se puede decir, tenemos menos volatilidad día tras día desde hace algunas semanas, ¿tal vez podría indicar un fondo quizás? estamos en el punto de retorno n. ° 1 que señalé antes en otro análisis, podemos tener un Rebote en la línea de soporte de los 6k, hemos estado aquí durante 3 días seguidos, eso no sucedía desde hace meses, y la MISMA Lógica que se utilizó para los puntos de resistencia, deberíamos usarlo también para Soportes.
by G0ldenross
5
BTC recovering a bit at the momentRight now we have a bounce in Major Support area, Although it was broken. We have Buying Climax, Good bull pressure at the moment, but be careful with traps, you all know my strong analysis. We can be headed to 6.9k where I found first good resistance using Fibonacci, if we can get pass through this area, we might try to break stronger resistance at 7.6k, speaking of which we couldn't get pass last week, so I really don't believe we will this time- I'm just aware that anything can happen, and indeed, we can break it. This is a 'zoom in' chart analysis. we also have RSI showing strength and a bounce in the 20 level at oversold area, and has crossed above the smoothy EMA so, we also have an important resistance at level 56 in RSI but I guess that just something to watch out not SO important. I will be updating this chart as soon is showing some good info! Give a like guys!!
by G0ldenross
1
Litecoin (LTC) Technical Analysis and Trading Strategy. Follow!Between COINBASE:BTCUSD and HITBTC:LTCBTC , I must saw I'm more bullish about HITBTC:LTCBTC . I think we can all agree that the lower transaction time and cost make HITBTC:LTCBTC more competitive. Buy-in and sell points for HITBTC:LTCBTC , at least in the mid-term, are indicated by RSI deviation above and below the channel with a rapid increase or decrease in prices directly before. I don't have a buy-in range because it doesn't seem like a good time to buy or sell right now. I will be updating this idea a couple of times a day on this post until we even out or exit our upward-trending channel. We're right around the middle of our channel here, so I'm holding tight. I'd like to hear your thoughts on HITBTC:LTCBTC ! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Long
by dsgorthy
USDZAR weekly trend at crossroads. Levels strongly supported.At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential political difficulties, then with the new ANC presidential election the pair moved down rapidly. There may be a further political wrangling until the elections in 2019 and it is likely to cause swings both up and down (difficult to predict). Technically there is very good support at these levels and prices have held, however the levels have been broken. If the price continues strongly downward then a new down trend could start. If prices rise from this level, it could get stuck between these two levels (12.30 to 14.50). I am neutral at this immediate moment as I am waiting for price to determine what will continue to happen, it could go either way. Also if the range sets up then this too adds to the neutral stance which may be opportune for range trades. There are opportunities to buy now with a stop just below at around 12.00 or 12.10 with the view to targets at 14.50. There is also an opportunity to sell as price could continue the general trend of the last two years. I am leaning more towards the side of Long at this moment as the RSI is very low (though currently bearish) and may be displaying bullish divergence. To be safe, we wait for confirmation from price action, with a smaller trade by money management for a long trade with space in the stop loss for a fake out.
by Quadricolor
NZDUSD - Going down to 0.63411 - Wait for good moment to shortAll timeframes on NZDUSD are bearish. Next longer timeframe target is 0.63411, which is the last bottom on the Monthly timeframe Target: 0.63411 Invalidation point: 0.70644 (last bottom on Daily timeframe) See below the multitimeframe analysis M) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60), Bear retracement exactly at 50%, Price is lower as several moving averages. There is one contradiction, which is the bear divergence on the CFG Indicator. The CFG on the monthly chart is showing lower tops while the price is giving higher tops. That indicates a short bear detour after which the market should resume it's bull trend. Due to more bearish evidence as bullish, I'm prefering the bearish scenario instead of the bullish. Next target is the last bottom at 0.63411 W) Down: Relative strengh indicator recently broke below 40, Positive reversal target of 0.78116 is not achieved, which is very bearish. The weekly traders are clearly heading down. D) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60), recent Negative Reversal Target of 0.7006 is being hit. That pricelevel is now resistance. In addition to that the prices are below the moving averages. The daily traders are clearly bearish. Wait for a Negative reversal on this timeframe (or lower) to enter the market 4H) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60). Prices are below the moving averages. The 4H traders are clearly bearish. Wait for a Negative reversal on this timeframe to enter the market. Conclusion: All TF's aligned, find a Daily or 4H Negative Reversal to enter the market with as target 0.63411
Short
by arnevv
4
EURUSD - Moving down to 1.146 - search for good moment to short EURUSD shows arguments to expect a further decline on different timeframes. Wait for Negative Reversals on Relative Strength Index or CFG to short the market. Next target: 1.146 (based on weekly timeframe) Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe) See analysis of multi timeframes below: M) Down: topping at 60, below fibo 50% level (1.22) protecting bear perspective W) Sideways: RSI < MA's, on its way to test MA's on price around 1.146 D) Down: RR, NR TA Hit, resistance at 1.17586 and 1.17111 4H) Down: NR TA Hit, Range Rules, resistance at 1.17094 Search for NR's to enter the market
Short
by arnevv