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Rsi_divergence

📉✌BTC 3OMin Short Position✌📈BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first take a look at my previous analysis and positions. 💥Three Drive pattern💥 between now and the yellow area, you can open a short position in two or three steps. If the price falls and reaches the TP1 level, you can risk-free the position. TP1-2-3 are on the chart. The optimum stop-loss is above the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
3
Bullish BTC RSIOver the last 6 years $BTC has bottomed 13 times on RSI. Of the 9/13 times x+30 has been positive with an average return of 18%. As long as there’s no Russian military conflict in the next couple days, I expect a positive return before 10/03 Date RSI Bottom x+30 1/15/16 27.26 13.63% 8/15/16 26.66 8.72% 9/14/17 29.96 31.34% 2/5/18 26.96 33.67% 6/13/18 26.96 -1.23% 11/8/18 10.77 -16.99% 9/26/19 20.66 14.48% 3/12/22 15.87 41.42% 4/25/21 31.6 -21.91% 5/19/21 22.76 -2.53% 1/7/22 28.76 2.13% 5/9/22 24.56 0.25% 6/18/22 20.06 18.30% 8/28/22 29.66
BITFINEX:BTCUSDLong
by WhiteBeltCrypto
2
SPX - bullish divergence (short term bounce next? )SPX closed with a small pin bar on huge volume last Friday, coupled with a potential bullish divergence between price and RSI (daily chart), it Looks like we can expect yet another bounce soon. However, divergence usually result in a short term reversal (lasting 2 or several candles) and may not translate into a longer term trend reversal. The last 3 weekly candles of SPX has formed a broadening "pennant", a pattern that signify a market that has been highly volatile with little to show in direction in the last 3 weeks. So while we may expect some bounce next, it is probably just more whip saws in the near term, especially when most of the market leaders (mostly the MAANGT stocks are still weak (except perhaps NFLX and TSLA) aren't showing signs of having bottomed yet. While there may be some stocks that have started to break up from base formations, only a handful are able to successfully trend up without too much volatility. Let's wait for S&P be able to rise above the longer term resistence line (red) eventually, then perhaps we will have a more sustainable market recovery. Meanwhile, stay safe. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
20
A last chance for the Euro ?Under the US dollar pressure, EURUSD has been making lower lows and lower highs recently. However, RSI on the monthly chart is oversold for the 3rd time in this century. MACD is showing bullish divergence on multiple timeframes, and the EURUSD on H4 has just achieved a higher high this time with 5 impulse waves: the ABC correction is clear on the chart, wave C is nearly around 0.76 to 0.8 fib retracement. With today's good news on euro CPI and core CPI (higher than expected for both), we can give this currency a chance to retest the end of impulse wave 5, or even to make a higher high. Stoploss can go below the impulse wave 2 for some people, or below the lowest low (the beginning of the impulse wave). Note that on a long term perspective, USD is still stronger than EURO, we will just give eurusd a chance after the new high we saw lately. Goodluck everyone, Joe.
Long
by joe-abdallah