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Stochrsi-oversold

Where bitcoin goes MARA follows - Current Macro developmentsHi guys! As usually i keep my eye open for macro changes or signals that may lead to major moves. Of which Marathon (MARA) has been on my radar. This analysis is done on the 1 week timeframe. We are currently attempting to get Above our Major level/ area around $18-20. This area also coincides with the 21 EMA. Which we are also ABOVE as we speak. However, remember it has not yet confirmed that we managed to get Support from 21 EMA. Also note that we recently tested Support on 50 SMA and have maintained it 6 weeks in a row. This fact makes me think, we will continue UP -> At the very least to the Upper range of the consolidation orange rectangle at $28.00 We have not yet printed a death cross which is a good sign indicating probabilities pointing towards continuation of Uptrend. Pay attention to next weeks candle close for more clues. Ive also highlighted our current price action to be part of a Consolidation range, from $15.00 to $28.00 I think it makes sense for us to be consolidating as we are making our way out of the bottom of the market for MARA. (around the 3.50 area) Since then we've already climbed roughly 1000% to our top around $34. 21 EMA and 50 SMA flattening out also supports the Consolidation occuring. Consolidation is basically when an asset tries to digest rallies, trying to catch its breath. And now we have to assess whether theres further momentum left to continue our Bull market or make our way back down. If Bull market continues, we can make our way back to this Major Resistance lvl labeled. We have touched this line 3 times in history previously and it marks Blow off tops of Bull markets for MARA. If we get rejected from this Major level, we can make our way back to the sloping Support trendline labeled below. So to find a sense of whether or not MARA will continue or come down to test the lows, we look to 2 indicators that i love using to assess "momentum". Notice the STOCH RSI. Everytime we come down to the 20 lvl, we stay Below for extended periods ranging from 57 days to as much as 126 days. When we cross Bullish and move UP Above 20 lvl, we tend to have Rallies UP. 1 pattern though, with STOCH is its relationship with Moving Averages 21 EMA and 50 SMA. When Purple (21 EMA) crosses Below Green (50 SMA) Moving Average and there is a STOCH Bull cross, sometimes it doesn't impact big rallies. BUT When Purple is on top of the Green Moving Average and STOCH crosses BUllish Above 20 lvl. This is a pattern seen in relation to big rallies UP So if we can get a STOCH Bullish CROSS Above 20 level, while our 21 EMA is Above our 50 SMA, we can expect to see a continuation rally. Watch also for a break Up and confirmation out of the consolidation zone. The MACD is currently ABOVE the 0 level, with waning or decreasing Bearish sentiment. This is seen from the print of the lighter red bar of the histogram. The Blue/Orange lines are also attempting to Curve Up and try to Cross Bullish. If we continue to print smaller lighter Red bars, and then see a Green bar print, it is likely momentum has turned Bullish. Bullish Crosses ABOVE 0 level, tend to rally Upwards. A MACD and STOCH CROSS together would be even better sign of uptrend to be PROBABLE. ANd if we Breakout of the consolidation rectangle we are currently in -> its likely we test "Major Resistance" at around $60. Keep observing and paying attention. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MARA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:MARALong
by SafofAllTrades
2
Krispy Cream Donut Weekly God Candle Has me lookingHi guys. Always on the lookout for major changes/shifts or Macro signals. Yesterdays 40% increase in Krispy Cream Donuts, has me taking a look into this one. This analysis is on the 1 week. Note, the current candle is not yet confirmed. Weekly close is obviously on fridays. I have highlighted 2 zones. COnsolidation range and a Supply zone. We do need to pay attention to these 2 ranges. BEcause atleast from previous history the supply zone is a resistance zone and thus a sell area. We would need decisive candle closes ABOVE for multi weeks for me to gain confidence that it has flipped to Demand or Support. Same goes for breaking out of the consolidation range. More info is needed such as confirmation. But nevertheless, What had me looking DNUT's way, was candle moving past the major resistance trendline that has haunted us since the stock being traded publically. I would like to note on the weekly timeframe, confirmations have not come in yet, and until proven otherwise it can be a fakeout and can always come back into the consolidation zone. AGAIN, End of week will give us better information. But it does not take away the fact that DNUT is moving. And atleast for now, DEMAND exists. VOLUME needs to follow with continued increase. Things to note in our indicators: RSI, breaking a major trend by signaling a higher high. But again end of week will clarify this. If it prints, i see it as a positive sign. STOCH RSI - crossing bullish with is almost above 20 lvl. This indicates possibility of momentum coming in to support an uptrend. MACD - Has Bullish cross, however we need to see whether or not we can get ABOVE 0 lvl. This would indicate a high probability for a sustainable uptrend. Being that this weeks candle has not yet closed. It is absolutely important to continue to observe. But DNUT has made it to my watchlist for sure. Is Krispy Cream Donuts, the Donut for me and you? Well time will tell. LOL. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MINAUSD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:DNUTLong
by SafofAllTrades
20
Americas Car Mart Testing Multi-Year Demand Zone (Buy Zone)Hi guys! This is a MACRO Analysis on AMericas Car Mart (CRMT). Macro meaning larger timeframe aka the 2 week in this instance. Macro moves tend to speak louder than smaller timeframes like the 1 day for example when they start to move in price. I believe CRMT has come to an important area and poses a great trade setup in my opinion. If we look to Price action. Notice 2 Support trendlines outlined. These are MULTI Year Support zones. When price reached the trendlines, we ended up bouncing UP. Notice our current price indicated by Orange box. Our 2 support trendlines have converged. When 2 support trendlines meet it strengthens the Support. Also notice the 21 EMA (Purple moving average) -> We have been below this since Septemberish of 2023. Moves below 21 EMA especially on the 2 week pose for good Buy zones as well. So the combination of converging Support lines and being below 21 EMA = Good area to take positions Now notice the 2 indicators ive included. These are momentum indicators. STOCH RSI has crossed BULLISH. (where blue line moves above orange line) Momentum can pick up and start a move up once this crosses ABOVE the 20 lvl. MACD is currently below the 0 lvl. With the histogram bars changing from dark red to light red. This indicates a waning of bearish momentum. It is also attempting to create a higher low. All good signs. Look for a Bullish cross and green bars to show up. That will help drive prices up. A cross ABOVE 0 lvl would bring about massive moves up. Continue to monitor the indicators and price to stay above the Support zone indicated. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on CRMT in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:CRMTLong
by SafofAllTrades
Bitcoin: Pillars of Overbought/OS on RSI’s w/ 100D EMA The first 2 pillars on the left price got rejected from 100 Day EMA when RSI's were overbought. The third pillar broke the 100EMA but was still getting/were oversold on the RSI's. The last pillar is close to/has bottomed on the Stoch's and regular RSI is under midline as were testing 100D EMA again. If BTC breaks 100EMA (43.6K) and RSI midline price could have some good room to run, if not RSI could want to bottom again before moving higher.
INDEX:BTCUSD
by MDT3
BTC - Heads Shoulders Knees and ToesBTC is still below The Median Line of its Longterm Upwards Pitchfork Pattern on this 1d timeframe. Note that BTC has not closed a daily candle below the Lower Yellow Pitchfork Support Line since the 7th Nov 2020. Note that BTC has previously found support from this Lower Yellow Pitchfork Support Line on the 20th and 21st of July 2021. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Not that the Upper and Lower Bands are still heading slightly sideways but we do have a bit of expansion so we should expect more negative expansion if the price continues to drop. BTC is still below its Least Squares Moving Average (LSMA) for this 1d timeframe. A close above the LSMA is a BUY signal and a close below the LSMA is a SELL signal for this indicator. The Head and Shoulders Pattern is still running its course. BTC needs to stay above the Lower Support Area i have indicated or next stop will be the H&S Neckline. BTC is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s Visible Range. BTC is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 13x 1d candles that i have selected. Note that the last 2 Volume Bars have closed above its Volume 20 Period MA and they closed in the red. I have added a Trend-Based Fib Extension which show a few potential Fib levels that could be used for potential profit taking if you are short. The Moving Average Convergence Divergence (MACD) is indicating that we may possibly see a SELL signal on this indicator because you can clearly see that the MACD (Blue Line) is very close to crossing back under the Signal Line (Orange Line), which is a sell signal for this indicator. Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line. If we look at the Stochastic Indicator (STOCH), we can see that the %K (Blue Line) is still under its %D (Orange Line) and is also in the Oversold Zone under the 20 Line. At the moment, if the %K (Blue Line) crosses back above the %D (Orange Line) I personally would not jump in on a long using this indicator alone, i would asses how the daily candle closed as well to check if there is any potential Divergence between the STOCH and the price. If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) rising to 30.55. We may see the ADX (Orange Line) cross back above its 9 Period EMA (Black line) which is at 32.39 and would be a further sign of the Trend Strength. The -DI (Red Line) is at 31.92 and way above its +DI (Green Line) which is at 16.06. This indicates that Negative Momentum is hugely dominant over Positive Momentum on this 1d timeframe. For your viewing pleasure, here is a closer look at this 1d chart. For your viewing pleasure, here is a wider look at the Longterm Pitchfork Pattern (A,B,C) on this 1d chart. Looking at the previous 6d Chart i did, note that BTC is 2 days aways from closing this 6d candle which may potentially close as a BEARISH ENGULFING Candle on the 6d timeframe. But a lot can happen and change in 2 days. So what does all this mean? If the MACD produces a SELL Signal on this 1d timeframe then we will see further drops on this 1d timeframe. If BTC crosses below and more importantly CLOSES a daily candle below its CRUCIAL Lower Yellow Pitchfork Support Line then that becomes resistance and we should expect that BTC will eventually cross under the H&S neckline leading to even further drops that may be cushioned by some of the Trend-Based Fib Extension levels. In any case, a lot can happen in 2 days but at the moment it looks like there may still be some really good buying opportunities coming up for all crypto in general. I hope you have found this analysis post helpful with your trading and hodl-ing. Notes: LSMA = Black Squiggly Line on chart Bollinger Bands = Grey Bands on chart Pitchfork Pattern = Follow the A,B,C VPFR POC = Short Horizontal Blue Dotted Line on chart VPVR POC = Long Horizontal Blue Dotted Line on chart Support and Resistance Areas = Black Horizontal Lines with Blue Shading on chart H&S Pattern = You know where that is ;-)
BITSTAMP:BTCUSD
by entertheroach
3
VTHO - 1d chart updateVTHO is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are moving sideways and have plenty of room to expand. VTHO is still above its Least Squares Moving Average (LSMA) for this 1d timeframe. VTHO is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 5x daily candles i have elected. At the moment, VTHO is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s Visible Range. Note that Volume has been increasing but the last 13x Volume Bars have closed below its Volume 20 Period MA. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) and is indicating Momentum is upwards at the moment on this 1d timeframe. Note that the MACD Line (Blue Line) still has a long way to go before crossing back over the 0.0 Base Line back into the Positive Zone. If we look at the Stochastic Indicator (STOCH) we can see that the %K Line (Blue Line) is above its %D Line (Orange Line) and has now crossed into the Overbought Zone. Being in the Overbought Zone doesn’t mean the %K Line will drop as it can go slightly higher and even range sideways within a range in the Overbought Zone for a prolonged period of time. If we look at the Average Directional Index (ADX DI) we can see that Negative Momentum has dropped with the -DI (Red Line) dropping to 21.60. Positive momentum has risen but is now slightly sloping down at 18.40. Not that the Trend Strength is still strong with the ADX (Orange Line) at 25.26 but note that the ADX (Orange Line) has dropped below its 9 Period EMA (Black Line) which is at 26.86 so the ADX has lost some Trend Strength but its still good because the ADX is still above the 20 Threshold. Be on the lookout for when the +DI (Green Line) crosses back ABOVE the -DI (Red Line) which will indicate that Positive Momentum is now dominant over Negative Momentum on this 1d timeframe. Here is a wider view of this VTHO 1d chart: Note that VTHO is in a Massive Symmetrical Triangle Type Pattern on this 1d timeframe. I have added a few Support and Resistance Areas of interest indicted by Horizontal Black Lines with yellow Shading. At the moment VTHO is trying to get back above its first resistance area. A successful close above this level will be a very good sign for continued upwards momentum. I hope this is helpful with your trading and hodl-ing, Notes: LSMA = Black Squiggly Line on chart Bollinger Bands = Grey Bands on chart VPVR POC = Long Horizontal Red Dotted Lines on chart VPFR POC = Short Horizontal Red Dotted Lines on chart Resistance and Support Area = Horizontal Parallel Lines with Yellow Shading on chart
by entertheroach
ADA - The BB Middle Band Basis is a crucial level on the dailyADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that ADA has not closed a daily candle above the BB Middle Band Basis since 13th Nov 2021. ADA needs to 100% CLOSE a daily candle back ABOVE its BB Middle Band Basis and successful retest as support for any recovery to look promising. ADA has found some support from its Least Squares Moving Average (LSMA) level. Note that a daily close below the LSMA will be a potential sell signal for this 1d timeframe. Using the 20,60,120,30 settings we can see that ADA is still well within the Bearish Zone of the Ichimoku Cloud and has a long way to go before it can attempt to get back in the Equilibrium Zone. ADA is in a Falling Wedge Pattern on this 1d timeframe. This Falling Wedge Pattern is potentially BULLISH as it’s developed after the previous uptrend so it could be a Bullish Continuation. The Dashed Black line is a major support and ADA has bounced off it as support 3 times over the last 7 Months. A daily close BELOW this level will be a sign that we may see further downwards momentum on this 1d timeframe. Note that ADA is below its VPFR POC for the fixed range of 13 daily candles that i have selected. Note that ADA is also still way below its VPVR POC for this charts visible range. Note that Volume is still low on this 1d Binance chart and the last 9 Daily Volume Bars have been below its Volume 20 Period Moving Average. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Basel Line on this 1d timeframe. Note that the MACD Line (Blue Line) is still above the Signal Line (Orange Line). If the MACD Line (Blue Line) crosses below the Signal Line (Orange Line) then that will be a sell signal on this 1d timeframe. Note that the MACD Line (Blue Line) has not be in the Positive Zone above the 0.0 Base Line since 17th Sept 2021. If we take a quick look at the Stochastic (STOCH) we can see that the %K Line (Blue Line) is under the %D Line (Orange Line) and at the moment is also starting to slope slightly upwards and is out of the OVERSOLD ZONE of the STOCH indicator but note that it is a fast reacting indicator. Be on the look out for if/when the %K Line (Blue Line) crosses back ABOVE the %D Line (Orange Line). ADA needs to stay ABOVE the LSMA and ADA especially needs to stay above the Dashed Black Line which is a major support line. If ADA cannot CLOSE back ABOVE the BB Middle Band Basis on this 1d timeframe then ADA will continue to go downwards over time. This goes the same for BTC, the BB Middle Band Basis is a very crucial level to keep an eye on. I hope this is helpful with your Trading and Hodl-ing. Notes: Falling Wedge Pattern = Descending Converging Black Lines on Chart Major Support Line = Ascending Dashed Black Line on Chart LSMA = Black Squiggly line on Chart Bollinger Bands = Grey Bands on Chart Ichimoku Cloud = Red and Green Cloud on Chart VPFR POC = Short Horizontal Red Line on Chart VPVR POC = Long Horizontal Red Line on Chart Volume Bars = Bars Bottom of Chart Volume 20 MA = Orange Line going through Volume Bars on Chart
BINANCE:ADAUSD
by entertheroach
4
BTC Bluesky Digital building a stairway to all time highAlso as a result of some overall red days on the tech markets, BTC is massively oversold at the moment. BTC was able to steadily build one stair to the other in the current upward trend, jumping over resistance lines and generating higher support levels. I expect that BTC will be able to reach its all time high within the next 4-5 trading weeks and should be able hit 2.25-2.50 CAD within the mentioned period. My prognosis is based, among other things, on the following hypotheses: BTC is oversold based on Stoch RSI indicator tech market will recovery and BTC will compensate its losses with massive gains MACD shows the potential that a bullish pattern is approaching BTC will benefit from a rising Bitcoin price
CSE:BTCShort
by the_realone
2
REVO - possible W formation after double bottomREVO was trying to breakout in Feb 2021 but due to overall red tech markets and an excessive sellout it dropped under 0.30 CAD $. The chart looks strong and healthy at the moment. Currently REVO is highly oversold. MACD lines might be crossing soon which could generate a bullish signal. One possible scenario: After two subsequent successful tests of support levels around 25-26 cents earlier this year, a reversal and upcoming W chart formation is realistic to me.
RShort
by the_realone
FANS switching to bullish mode after recoveryAfter the strong performance based on great news in February 2021, there was an overreaction by investors and an excessive sell-out The result was a pull-back to around 1.10 CAD $, also as a result of overall red markets especially in the tech sector. Based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a significant turnaround. News regarding the application for U.K. Gambling Licenses (4th of March) is very promising too. Awareness and interest in FANS is rising. I consider that it's possible that FANS will be able to climb up to 2.50-3.00 CAD $ by the end of March.
F
by the_realone
3
EGLDUSDT Volatility Expansion Starts!Hello trader, EGLD just broke out from its ATH at 30 USDT and rising. I want to test and see the "volatility expansion &price increase" correlation idea on this one. As you can see I have my bollinger band width indicator and stoch rsi on at the bottom. BBW is currently sitting around 0.41 and previous peak was around 1.28. Volatility has at least 3x room to grow. On top of that, stoch rsi is at fantastic neutral levels in the daily TF and rising, altough intra-day TF looks a bit overbought, i am not so sure about fixating on those since i am a trend follower. If you are using intraday TF in your trading, consider this overbought situation in your trading setups. Potential resistance levels wise, i see around 35 USDT level is the first major resistance coming from fib-retracement of 1.618. So keep an eye on that one for some TP targets.
Long
by Shanks21
Nebulas: It's all systems go!NASBTC looking good after a strong bounce from support of the bullish symmetrical triangle. There is a small chance that this formation is a bearish pennant continuation pattern, however, looking at the 1D chart, price has had a strong bounce from triangle support, StochRSI is oversold and MACD shows potential for an upwards crossover. There is also bullish divergence showing on the 4H chart (see pic below). Nebulas has teamed up with Nuls (NULS), Bytom (BTM) and a few others to form the Blockchain Alliance Initiative which will work towards curbing vicious competition between public blockchains and they aim to open up their isolated ecosystems to new users and developers. Nebulas already has over 6800 dApps on its mainnet, they have strong advisory and backing and not bad R:R for a short term trade. Buy between 0.0002300 - 0.0002400 Target 1: 0.0004030 - 0.0004220 Target 2: 0.0004520 - 0.0004780 Stop loss: 0.0001900 Good luck and happy trading!
NLong
by Corn_Reaper
Drop down to $6k likely in next 48 hoursIn the days leading up to 10th June Stoch RSI was maxed out and RSI was approaching undersold. Inevitably a $700 one day drop occurred. In the days leading up to 22nd June Stoch RSI was very high and RSI was approaching undersold. Inevitably a $700 one day drop occurred. In the days leading up to TODAY Stoch RSI is maxed out and RSI undersold. A $700 one day drop is therefore a very real possibility today or tomorrow. I fully expect the $5555 critical support to hold if we come close to it. This is all just part of the long term consolidation ahead of the rise back up to $20,000 later this year. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITSTAMP:BTCUSDShort
by BCryptological
7
BITCOIN - QUO VADIS?Hi Guys. So we are in the middle of whales' play. This game is to get rich . They didn't belive in BTC and cryptocurrencies. They were sceptical. It turned out they were wrong. They want to buy as low as possible. It is obvious. They spread panic, FUD. They want us to be afraid and hectic. Don't be. Be wiser. Stay cool. Observe and be vigiliant. As we mentioned in our previous analysis BTC - WE ARE SAFE - WE WON'T GO BELOW 5800$ (down below), Satoshi Nakamoto is on guard. Why? He is on the possesion of nearly 1 mln BTC - he owns the biggest wallet. He can do with the price whatever he wants. For sure he's got another currencies to buy BTC too. As he owns the biggest amount of BTC he wants the highest price as possible. To do that he needs to keep the whole networked running. To do so it all has to be profitable for miners, nodes and master nodes. The biggest cost for them is of course hardware, maintenance and energy cost. Basing od the master node distribution we made assumption that it was not profitable for miners to dig BTC when price went below 5800$. This is absolute minimum. We belive it is more around 7000$. It is difficult to give exact number as we don't know exact distribution of the digger around the world. Be wise. DON'T panic. In couple of years time, 1 BTC will be worth 1mln $ or even more. Maybe we will encounter situation like listing 1 SATOSHI for 1 dollar. It may happen. BTC is our digital gold. Why gold? Gold is very solid, noble metal. It doesn't oxidize, it doesn't get rusty. By saying this its value doesnt go lower because of its phisical state. It is very limited and widely used (deposits and jewellery). This is the same with BTC. Limited amount of BTC, immutable, impossible to forge, widely used - deposit or to buy another crypto (in 95% cases you have to buy BTC first). Only 0,42% of the global population heard about BTC or cryptocurrncies. We have plenty room to go higher. Let's look on the chart: We are in Elliot Wave pattern correction mode - we have to wait for wave C. We think reload zone is between 6800$ and 7300$. Long term organic growth support at level 6800$ Stoch RSI - oversold zone RSI - oversold zone Weis Waves - not demand yet but observe when supply will be lower and demand explodes So after every storm sun comes up. We are getting closer to get to the end of the storm. So guys keep observing BTC and of course our profile. If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution! If you don't want to miss out updates don't forget to follow us! HUGS! WBM Team
BITFINEX:BTCUSD
by WBM_Team