Weekly Hidden Bullish Divergence: Bullish Price Continuation.We have a huge amount of Weekly MACD Hidden Bullish Divergence and small amount of it on the RSI
There's also a small amount of Classic Bullish Divergence on the Daily as seen here:
I expect that we will eventually break the downward trending line and bust out to new highs; Possibly up to as high as $135
Rsi_divergence
BIDU NeutralWeekly resistance at 270
RSI divergence
EMA20 Bollinger Band Upper band
There might be a consolidation
between 210 and 110.
Sell Iron Condor -- limit 6.3 (Credit)
SellToOpen Mar Call Spread C260/270
SellToOpen Mar Put Spread C200/210
Get Theta 2.04 per day
$10 range,
max profit 6.3,
max risk 3.7,
Reward:risk= 1.7:1
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
PENN NeutralRSI divergence
EMA20 Bollinger Band Upper band
There might be a consolidation between 90 and 110.
Sell Iron Condor -- limit 6.2 (Credit)
SellToOpen Mar Call Spread C110/120
SellToOpen Mar Put Spread C80/90
Get Theta 2.34 per day
$10 range,
max profit 6.2,
max risk 3.8,
Reward:risk= 1.63:1
Strong Bearish Divergence
Strong bearish RSI divergence on 4hr
If candle closes in a shooting star I expect mega correction
Remember however BTC is the boss and does what it wants to, this bull run IS NOT over whether it corrects now or not. BTC has easily been breaking RSI patterns and it may do it now. just be prepared for either way it goes, but if shooting star closes, I'm shorting in the short term
Let me know what you guys think!
What does $LTC.X have in store for us?Hi Community,
After a dramatic drop, Litecoin rebounded at the 112$ price level. Since then, it failed twice to break through the 150$ level twice. We have already seen that pattern before, and the RSI bullish divergence is a positive sign.
Where do you think LTC will go next?
Still learning here, so any constructive feedback and positive vibes are welcome.
Thank you and Happy trading!
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Needless to say, this is not financial advice!
GBP/USD History Repetition? An interesting situation. It took 2436 days for the 2017 highs in October to find a bottom and then reach a new high. If history is to repeat itself, we are on a cusp of another breakdown here.
In support of this idea:
-The price has reached the resistance/prev support levels
- Has reached and began to pull away from the 'Top Trend' (as show in the snapshot provided)
- Weekly Stoch RSI looks ready to tumble down
-DXY looks to have reached its bottom and can see growth for the next few weeks