RSI_Trading_Concepts

RSI_Trading_Concepts

🚀 Bullish Breakthrough for Bitcoin on Weekly Time Frame! 🚀 Just in from @RSI_Trading_Concepts on @TradingView - the Bitcoin weekly chart is a beacon of bullish sentiment! 📈 The analysis highlights how the #BTC bulls are not just defending but thriving at the Overbought (OB) zone low on the weekly time frame, showcasing their strength and determination. 💪 🔹 Key...

RSI_Trading_Concepts

Measured move to .13-15 range.

RSI_Trading_Concepts

Another week concludes for the Bitcoin futures market without closing above the all-time high. The RSI is in overbought territory, showing a bearish divergence. It might be prudent to close the futures gap and look for a bullish divergence before expecting further upward movement. The price might revert to the high of the RSI for support, which was around the 49k area.

RSI_Trading_Concepts

All eyes are on Ethereum for a potential breakout. Forming a base in the green zone indicates a bullish divergence. As long as those low remains, stay on ETH for a long. Awaiting a close above the descending trend line and a close above the local lower high marked with a black line on the chart and RSI.

RSI_Trading_Concepts

A RSI bullish divergence is forming for SUIUSD near support, indicating a potential upward movement in the cryptocurrency market, including Bitcoin.

RSI_Trading_Concepts

The concept of an "accumulation zone" in cryptocurrency, like with Polkadot (DOT), refers to a price range where a significant amount of buying is occurring, often by long-term investors or "whales" who believe the asset is undervalued or poised for an upward price movement. Here's how it relates to Polkadot based on available information: Seems CRYPTOCAP:DOT ...

RSI_Trading_Concepts

Bitcoin is retesting a previously lost support trendline, with a daily bearish hidden divergence forming at resistance!

RSI_Trading_Concepts

Bitcoin is currently probing its All-Time High (ATH) resistance zone, and given the uncertainty, the outcome is unpredictable. However, the price target of 77K, suggested by the break from the rising wedge pattern, remains a possibility. Meanwhile, the expected Head and Shoulders (H&S) pattern has not materialized. My take is this: if Bitcoin manages to close...

RSI_Trading_Concepts

I'm still bearish watching the paint dry but I have missed some good trading opportunities. If the price goes back down, I will probably play this bottom of the disjointed channel and hope for a breakout hire. I'm not 100% at that level, just in case it breaks to the .20 level.

RSI_Trading_Concepts

Ethereum H&S is being triggered today, with a target of $2153 back to the local lows.

RSI_Trading_Concepts

Two drives of bullish divergence are playing out on the daily chart for Algorand. This looks like a Higher Low being formed to test the Lower High. The bullish trend is waiting for the trendline to break to one side and is leaning toward the upside.

RSI_Trading_Concepts

A bearish divergence is forming with Algorand, requiring Algo to close above the lower high "wick". This is a strong move, but with Bitcoin testing the head and shoulders trendline and Ethereum forming a bear flag, it seems like a trap. Indicators suggest a downward trend.

RSI_Trading_Concepts

Ethereum Bear flag after confirming double top, all signs point down not up.

RSI_Trading_Concepts

I regret to inform you, Crypto enthusiasts, that the upward has already occurred. This is merely a false signal. Image of Ethereum and Bitcoin.

RSI_Trading_Concepts

The SPY Head and Shoulders setup aligns with the majority of cryptocurrencies exhibiting similar movements, awaiting a neckline break to reach the target.

RSI_Trading_Concepts

Bitcoin Head and Shoulders confirmed, with a slight adjustment, that it targets approximately 81k, including my prediction of potential developments. $88,770 will act as support since that was the RSI high using the 14 period and will receive a positive reaction, bouncing off the head and shoulders trend-line, then failing, and ultimately reaching the target of...

RSI_Trading_Concepts

Bitcoin has a hidden head and shoulders pattern with a high set and a lower high. Watch for the neckline to confirm with a close. My first measured target is the 76K-77K region, which has a gap for futures. However, I believe the final target is around November 5th, near the election day area.

RSI_Trading_Concepts

Bitcoin is preparing to return to its Election Day levels. The entire market is receiving signals indicating targets to the pre-election region.