EURAUD Approaching Strong Daily ResistanceLooking for OANDA:EURAUD Shorts. Approaching a very strong resistance zone. RSI and and Stoch RSI are very over bought. Time to fall baby!!
Stochastic RSI (STOCH RSI)
What's keeping us from correcting? Weekly Stochrsi support line.the biggest way most people have been missing out during this bullrun is simply by taking profits expecting a correction thats long overdue but still doesn't come and they end up losing some of their btc positioning and fomoing in a few pips higher up. I think the main reason for this lack of correction is that momentum has been skimming the top of a super strong ascending trendline on the weekly stochrsi for most of this pump as seen here. As I've mentioned about this line in previous ideas it goes all the way back to 2016 and has held both crucial support and resistance several times from then to now. In fact, it looks like it could potentially keep the momentum in the 100 range possibly as long as the end of June before finally having no choice but to break below it. That would be phenomenal and give us still plenty of time to continue upward and test higher ranges like 8k,9k, maybe even 10k before a correction. My chart on the Total crypto market cap from back in February indicated that the whole market would triple to quadruple in value after breaking up out of a huge falling wedge pattern...we are nearing very close to being halfway there so it would no surprise me if somehow his run continues for another month with altcoins joining in with it to hoist the total market cap somewhere close to that breakout target. Of course we could also have the correction as soon as tomorrow too...either way, the easiest way to tell when the correction is about to happen will be when you see the weekly stochrsi finally fall below this strong ascending trendline and then solidify it as resistance. So I will watch it closely and hodl and buy dips until it does.
Support vs Resistance Epic Showdown! 1wk Stochrsi vs 1wk 50mathe 2 big players in that have been battling it out in the charts for the past couple weeks have been this strong weekly ascending trendline on the stochrsi as support and the weekly 50ma(in orange) as strong resistance. It has been a crazy battle one it looked like only a few days ago the weekly 50ma was going to win...but as we touched down on the stochrsi we saw yet another bounce to keep price action fighting the resistance of the 50 weekly and at least for now refusing to back down. If I had to pick a safe spot to try and sell any of my position this would be it with price action touching the underside of the 50week ma still as resistance. I would then put a stop loss auto buy a few pips above here around 5670. Bottom line is what we are looking for is a weekly candle to close above the 50 weekly ma until then probability slightly favors that it will be the stochrsi trendline that breaks first....pay no mind to the random lines just under the weekly 50ma...those are triangle patterns that only make sense on smaller timeframe charts. I may sell a little more here with a tight stoploss auto buy above but we still have over 3 days left in this weekly candle and I think its true direction isn't going to reveal itself just yet until closer to the weekly candle close. one thing to watch until we get closer to that weekly close is the greed fear indicator on bitcin if there is more greed by the time we close the candle we are likely going down...if theres more fear we may actually break above. Lastly, if we do close a weekly candle above the 50 week ma it will be very interesting but it is still not absolute confirmation that we will be continuing upward we always need to show patience and see how the follow up confirmation candle behaves as well as the volume before things are fully confirmed. As of right now though, this stochrsi trendline and the 50 weekly ma are definitely the 2 that are battling it out...we should see who wins by early next week if not sooner.
weekly close brings the weekly stochrsi on btc to the trendlinethis trendline on the weekly stochrsi has been a valid line of both strong resistance and strong support since September 2016... .can it once again hold support and provide a momentum bounce for btc one more leg up? It's plausible but at this point more probable support will break and price action will fall back for a correction...this is one trendline to be keeping a very close eye on for sure the next 2 weeks.
TRXH19: ShortingShort @ 655
overbought rsi on 1h, rsi bearish cross on 1h
double top rejection
expecting a potential wick up towards mid 660's, with a huge red candle coming down -not financial advice-
the other scenario which is likely: green candle up to 700, touch resistance and go down. My liquidation is at 704, so I won't set a stoploss which will stop me out from potential big gains.
This is the kind of trade where it's so obvious it's going down, that I am expecting it to do the opposite thanks to manipulation.
Smells like a fakeout…Looks like a fakeout…Is that the fakeout?Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a good head and shoulders because the h&s chart patterns that get validated are usually ones that act as reversal patterns at the top of trends not continuation patterns.Sure there are rare exceptions of when a continuation h&s happens but in reality those are just failed patterns that didnt trigger in my eyes. Still with it looking so obviously like a fakeout it makes one wonder if the whales are trying to fake us out with a fake fakeout...thats the only way I see something like this triggering. On the bitfinex chart this pattern is invalid but It appears to be valid for now on bitstamp,coinbase,and kraken. Its for this fake fakeout fakeout reason that I leave this idea neutral....but with a breakdown target of negative 20 cents, it seems like a ridiculous notion to believe it ever could be anything other than a fakeout.
ETHUSD - Stoch RSI - Ride the TrendI have not tried this for many other pairs but this is working for me with ETHUSD on the 15 min chart. After looking at several indicators, entering in at the wrong times, being in long when I should be in a short or out, the frustration led me to really try to find where the best low to buy into would be, I discovered that if I set the Stoch RSI indicator with the following values and simply buy when the bottom K crosses D and ride the trend to the top and sell (short) when K crossed D at the top, it makes for a nice profit most of the time. Nothing is 100% foolproof when using one indicator so I recommend pairing it with a 1 or more you are familiar with.
Pair: ETHUSD on Kraken (Can short in the US on that exchange currently) Many others are disabling shorting if you reside in the US.
Chart: 15 Min Chart
Indicator: Stoch RSI in Trading View
K 85
D 14
RSI Length 19
Stochastic 125
If you buy in too far away from the crossing, you will be caught in the volatility from my experience. Paper Trade to feel comfortable and so far, when the whale hits, I am in the right direction. I am no financial adviser but simply showing and perhaps saving someone hours of analysis. Note: On a large dump or large move up, this will not buy in outside the Bollinger Bands, but enter in a less volatile and hopefully let you enter without instantly being in a negative. Good luck...
NEO/BTC: Shortterm targets (1H chart)Target 1: 2035
target 2: 1950
bearish crossover on daily stoch RSI, MACD about to turn bearish aswell on the daily. I think we will see even lower prices than 1950. *not financial advice*
Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
XRPBTC on verge of breaking up from falling wedge.Breakout target show in black box. 1 day stochrsi indicates a move up is overdue.
BTC - Bullish Divs indicates bounce SOON !!!Bitcion Daily chart shows Bullish Divergences on RSI, Stoch RSI and Momentum.
Same Story for Ethereum too.
inverted head & shoulders pattern on the btcusd 4hr chart This inverted head and shoulder has a disproportionately long left shoulder but it is still valid we are currently testing the neckline. Judging by how overextended the stochrsi is on the buy side on the 4hr chart there are decent odds that this could be rejected here at the neckline but I'm pretty certain on the 1 day stochrsi we are in the oversold territory still so it may just break up from here...I'm gonna wait until I see a clear rejection and solidified resistance from the neckline before I exit my position if I had already sold before this then I would simply wait for a break above the neckline to turn into solidified support before buying back in. My personal strategy and not any sort of financial advice of course..good luck and thanks for reading!
BTCUSD short term trade after confirmation.An ascending triangle is formed in the 1 hour chart.
However, MACD shows that a possible bearish divergence could happen.
Still waiting for confirmation
Disclaimer: this is not a financial/trading advice.
Good luck to you all!
XRPUSD Pair about to trigger a gldncross on the 1 day & inv h&sTake a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have already triggered a golden cross and inverted head and shoulder breakout on the xrpbtc pair...the golden cross on the xrpbtc pair has been sustained and didnt become a fakeout which is leading to huuuge leaps and gains over ethereum and btc...all this considered means the golden cross on the xrpusd pair should be sustained with similar results as well. While the rest of the crypto market has been in a free fall..XRP hs held steady making those gains against btc. Yet it hasn't been able to break out of the 48 cents-50cent range yet...once it sustains the golden cross on the usd pairing however we will definitely see it start to make 50-100% gains. First resistance will be back at the inv h&s neckline at 54-55 cents....once we break up from there the next target is the 75 cents range. This is of course just my opinion though so don't take it as financial advice for a financial advisor I am not. Thanks for reading!!
XRP/USDT analysisCurrently sitting in the 50 EMA.
Daily stoch RSI looking oversold, possibly a reversal on the short term
By the way, Ripple has taken the 2nd position in the market cap!
This is not a trading/financial advice!
Good luck to you all!
Bitcoin sitting at supportThese days have been a bloodbath in the cryptocurrency markets.
These are the key support levels you could use to predict when it will reverse.
RSI and Stochastic RSI for 1 Day and 4 Hours time frame have reached oversold.
Should we fall bellow these keys supports, expect it to free fall to the 4000 dollars range, however it probably would not last long as people would probably stop mining, reduces the supply of bitcoin, and increase its price again.
Good luck to you all!
PONY ShortUpwards breakout rejected. Short down at least to lower support line, in the $2.75 region depending on its rate of decline. Bearish cross on the daily Stoch, RSI very over sold. PPO moving down with some bearish divergence. Also remember that a rising wedge, particularly after some strong downward movement (as has just happened with PONY) is a bearish trend, and is much more likely to break down than up. This makes shorting the highs a lot safer than trying to buy at support. In this case, as I said, the first target is this lower line, with the hope no support is found and the pattern breaks downward. If that happens, our targets are the old areas of support found in the rising wedge (around $2.50 and $2.10)
My opinion not financial advice
GOLD: Stoch RSI going downwards (shortterm)Shorting gold for a little, just messing around with indicators to see if they are accurate enough to base my shortterm trades on them. Stoch RSI heading down :)
DGB potentially on verge of an inverted head & shoulder breakoutCould be an impending breakout...could also be a fakeout...watch for bullish volume to confirm. Probability favors a breakout with btc being so bullish lately, however there's not much room to climb up on the 4hr stochrsi...so it could still go either way.
Two Outcomes.Looking at the 1day chart you can see that if we were to break upward here we would be forming a higher low on the 1 day chart and that also the inverted head and shoulder pattern is still in play. However the stochrsi on the 1 day chart has plenty of room to dip still. I think we could still be forming a 1 day inverted head and shoulder pattern however if we were to break downward from here I think we would bounce upward off off the bottom trendline of the symmetrical pink triangle as support around 6k. At this point either outcome is probable and thus this idea will be listed neutral.
Potentially inside a rising wedge.If this continues to play out this way there is a good probability this wedge could drop the price back down to the support zone of the 4hr 50ma(in orange). Whether or not the 50ma will maintain support if it breaks own tot hat level is the question. Of course we could always break upward too but I won't be confident of that until the 4hr rsi and stochrsi are low enough with the price action close enough to the 4hr 200ma(in blue) and the top trendline of the symmetrical triangle we are in (in pink) to be able to have enough momentum to surpass them both and trigger a breakout. As of now both those indicators could stand to be a little lower before the next upswing. If the upswing happens before they drop, it's very unlikely we will break out of the pink triangle.
A nice bounce up off the 4hr buy/sell line a nice bounce upward off of the 4hr buy/sell line, As I've said int he past once we've hit 5 consecutive candle closes above the buy sell line, it's usually more of a buying opportunity than a selling opportunity. We currently have nine 4 hr candles in a row above the buy/sell line(in orange). This also give the stochrsi and the rsi a chance to cool down to give them more room to climb here. What I'm hoping to see is for the candle to find a way to climb back above the 4hr t line(in yellow either by this candles close or at least by the candle following this one. If that happens that means this bull flag on the 4hr chart is still valid and the current red candle was simply a fakeout. If we don't get close to the t line by this candle's close however then there's a chance we could still fall under the buy/ sell line by the next couple candles, and if we closed 5 consecutive candles under that line we would be back in a sellers market on the 4hr chart. For now since it could potentially head either way I will keep this idea listed as neutral. This is as always not financial advice and simply a summation of what I plan to do for entertainment purposes only. Good luck and thanks for reading!
Potential Inverted Bart could take us back to $7300Just got a nice bull candle to end the day on the 4hr chart that took us above the current bearflag we were in and turned it into an inverted Bart. However, in order for this break to eb confirmed and not just a fakeout we need to see. the new 4 hr candle maintain itself above the 4hr t line(in tan). the potential climb is $7300 with the rsi and stochrsi where they currently are it's not out of the question for that kind of bounce...however until I see a series of higher low, higher high and a follow up higher low I won't be tempted to go long again on the idea strategy. I have indeed bought back in here at 6750 after exiting round 7632. However I will probably safe guard myself and exit again after this bounce then only entering again if we have another huge plummet or we form a higher low/higher high/higher low sequence. Just my style and not meant to be financial advice..so far it seems to be working out for me. The Cup and handle on the eve bottom seems rather unlikely now but technically not invalidated until price dips below bottom of the cup...however I think there's still a chance of the adam and eve double bottom being valid...or potentially us forming a triple bottom....the double bottom is definitely questionable at this point with this low of a dip however...so the smartest strategy I have to rely on at this point is the higher high/higher low and vice versa strategy...It tends to work better than anything else I do so when things are uncertain I trust that above all else.
