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Rsibreakout

$GRUB True Bullish Harami DailyGRUB GrubHub has just completed printing a true Bullish Harami candlestick pattern at the bottom of a downtrend. Attached link to diagram explaining the rules for the bullish harami. Large bearish candle, followed by a gap up from close bearish candle, whose body is no bigger than 25% the preceding bear candle. In addition to this pattern, the RSI has shown a breakout from its downtrend pattern and oversold conditions. This looks like a good, short term long play to me, I like the August 23rd C62.5, currently around .55 per contract. Happy hunting and GLTA!! a.c-dn.net
GLong
by UnknownUnicorn1314136
BTCUSD H1/D1 charts (3/6/2019)Good morning, traders. I have been looking for something new to point out since yesterday but haven't really found much. Price has been consolidating at the upper end of the move up from yesterday. The dark black horizontal channel gives you the local TR. A close above the top of that TR should provide the target shown which is the EQ of the upper supply zone at around $4130-$4150. My current thought is that if we get a pop up to that level, then we may see a retracement toward the EQ of the green zone on the D1 chart (around $3900) before potentially pushing through the dashed red descending resistance from the ATH. We may even have a smaller move up followed by one smaller move down. If the pop up and retracement described happens, then it is likely that we could see a pennant print which would provide a target of the 1.618 extension at around $4900-$4950 based on the height of the flagpole. Prior to that, we may see price targeting the 1.272 extension/R2 pivot on the way up ($4550-$4630) based on the height of the pennant. H1 RSI is printing a flag, and a break through the flag's resistance should send price upward toward the initial target. Buyers continue to show their interest as RSI isn't getting much of a chance to cool down. This continued pressure as price nears the ATH diagonal resistance suggests that a move through that resistance would create strong bullish momentum overall. As always, we need to see it happen, as well as follow-through. Lower targets remain the same as yesterday but I am expecting the current TR to support price at this time. Beware of a possible bullish SFP printing if there is a sudden drop and price falls below the February 27th swing low. Based on the TR, that would likely print a Spring to create liquidity and move up through the resistance at the top of the TR. If you are looking to short, then you want to see a close below that swing low, at a minimum. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDEducation
by Chris_Inks
VTC/BTC 106% Potential gains Vtc showing some profitable future movements Trading Indicators macd shows positive growth after such a downfall, ready to attempt to retest previously failed highs rsi shows momentum gaining price is still under ichimoku cloud, but growing towards it ready to test resistance we can see the price doesn't stray far from its support line, with that said stop loss can be set tight for the least loss Trading Plan Buy in: .00039-.000044 Stop loss: .00035 10-20% depending on when you bought in Targets .0000557 26.59% .000059 34% .000062 40% .0000673 52.9% .000077 75% .000091 106%
Long
by UnknownUnicorn1853748
Simple Way to Read Oversold/Overbought Without RSIThis is how u can tell if a market is oversold (or overbought) by reading price and using our little 14EMA friend After price has a large push down (or up) like you can see in the yellow circles, it retraces up to the green circles In example 1, this yellow circle was right on the close of a huge bearish 4h engulfing. Perfect example to see how it is oversold by seeing the large gap between price and the 14 cyan coloured EMA And the following day we see this happen again in example 2. price pushes fast away from the 14EMA and therefore it needs to breath and retrace a little. No body can continuously sprint, neither can markets! "After big drop, markets must chop" Whether or not you have RSI on the charts, it is good to know when a market is oversold or overbought because nobody likes entering and seeing the trade go immediately negative, only to see it later where you thought after you closed in a loss Another cool term for a temporary up trend in an overall down trend is a dead cat bounce! This is a very very short term version considering we are looking at the 15m tf here ~ The trend is your friend and so are retracements ~
Education
by beank1
DOGE Long OpportunityThe same to Doge like other recent chart analysis we made. Falling wedge and ready to breakout after a volume increment in the following days. RSI downtrend and price downtrend already started an uptrend and RSI at 37. Just a little bit volume will begin the rally. Entry Zone : 39 - 43 sats Potential Targets : Target 1 : 46 sats Target 2 : 51 sats Target 3 : 55 sats Target 4 : 59 sats Target 5 : 65 sats Target 6 : 72 sats+ Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Long
by cryptotalk_et
BTC/USD Breakout Downwards BTC has traded sideways multiple times in the past, as we know this makes for violent breakouts towards the up or down side. The bollinger bands charted are constricting, suggesting potential volatility in the near future. The Triangle does include 3 higher lows , however since we are in a bear market it is safe to assume the breakout will be downwards. The RSI is not yet oversold or overbought, and suggest we may go sideways for a little longer. Overall, I believe BTC will retest that 6.1k bottom we saw a week ago.
BITFINEX:BTCUSD
by HarrisProng
1
Trend Following: when to consider if a buy #Singal is validIts likely for the #BTC and other coins to #down #trend or at least keep sideway for sometime. As a trend following trader, We should not be looking for the dip to buy as it wont be a low risk entry point, espcially when #volume could be a misleading parameter for lower timeframes. Entry: With some #technical #analysis grounds, proper #entry should be made when these conditions are met: 1. Price makes a breakout (better with chart pattern) 2. A higher than average volume. 3. Moving Averages on Price are positive (Slow<Fast<Close). 4. RSI corsses above 60. 5. RSI moving averages are positive. Managing Trade: To track an ascending #Trend, make sure to track: - RSI be within 40 - 80 zone. - Tracking Positive Reversals achieving targets. - Positive Reversal conincides with Bearish Divergence - Higer time frames are confirming positive signals appears in lower frames. - always find support lines where Reversal points occur. - proper technical #trendlines Stop Loss: - there are two way to place your stop loss properly. Both depends on trader’s financial risk tolerance. 1. Portfolio-based Stop: where you place stop price at the threshold where accepted risk is maximum of 2 to 3%. It really depends on how you manage risk on your portfolio or trade which may reach up to 7 to 8%. 2. Technical-basesd Stop: where a stop is placed not based on money at risk but where it is the least likely for price to hit. - Both stop decisions should be taken before executing the trade. Emotional Control Trade the chart not opinions or emotions of greed or fear. Don’t let others distract you from properly manage your trade. Use what you know is works for you and stick to it. Never listen to others for help. Its your money, your business .. take full responsibilty for your decisions. You are #bullish until you are given a #sell or #short signal #technically. Hope this would help traders finds a better #entry points where thier risk exposure is at minimum which makes it easier to manage. @TFStrategist
BITSTAMP:BTCUSDEducation
by tatrader77
Wave analysis of Ripple (XRPUSD): 4hr tf bullish biasXRPUSD is currently testing Support area 2 between ~ $0.65 and $0.62 after ripping through “support area” as mentioned in my previous post. Support area 2 does coincide with the 0.618% retracement of the uptrend from ~$0.47 to a price close of ~$0.87 on April 20, 2018. This increases the chance of Ripple (XRPUSD) holding support area 2. Price action from ~0.87 on April 20, 2018 till present is identified in this analysis as an expanded flat Elliott wave structure, which implies a corrective move back up or 5wave move upwards. Either scenario is bullish therefore a bullish bias is favored in this analysis for Ripple (XRPUSD). The 4hr tf RSI (relative strength index) as shown in this post indicates a positive rising slope for Ripple (XRPUSD) which also argues for a bullish scenario. Failure of price to hold support area 2 could see Ripple (XRPUSD) return to Support area 3 as given in this post, which is between ~ $0.46 and $0.51.
BITFINEX:XRPUSDLong
by Coin_Analyst
CHF returns to previous levels- long USDCHFUSDCHF usually fluctuates in relatively narrow range. We were down this range for a couple of weeks, but now it's time to go back. We have met the lower trend line and has successfully pushed off. I see a higher high&low completed now (you should never buy falling knifes, I always aware of them and construct my ideas to avoid this type of trading - follow me, and you'll never suffer from them too). There are 3 reason more: falling S&P, RSI broke 30 (very strong signal) and Commitment of Traders Report tells us about big players selling their francs. I prefer to be with them. I have open half of position and is going to double on blue line as shown. At the same level I'll lift my SL to breakeven. My TPs are on higher trend line, but I will perform trailing stop just in case too.
Long
by ArtKon