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Centered Oscillators

RSI/SMA/Pitch Fork Support and Res. BTC BREAKING BEAR TREND.Historically a shift to a bear cycle in BTC is marked by a 50% drop within a 2 week period. If you actually look at this latest correction it really only measures about -27%. Thus I feel it does not warrant any closing of short term positions. I actually find this drop to be comparable to the April 2017, prior to the REAL FOMO coming in. The chart shown here is BTC, derived from the Coinbase exchange. The beginning of the channel shown(also where the pitchfork begins) is where a parabolic shift up began(Representing an explosion of growth), this can be confirmed by an uptick in volume, as visualized by the volume SMA. The purple SMA is 100 length, which historically is also broken when a bear cycle begins. The blue SMA is 16 length. It is KEY that the 16 length SMA is broken for the Bull trend to continue. The RSI is often said to be obsolete, clearly this isn't the case on 4hr charts. This makes sense since many day traders and swing traders use the RSI oscillator, but on the intra-day charts primarily. Please like and share!!
BITSTAMP:BTCUSDLong
by RichardNorthrup
Spot on price actionThese arrow levels were set to my previous XAUUSD idea that was spot on and can be seen in the attached idea. As we can see there was a pivot around 1824.800 (which can be seen as a pivot point in attached idea). I expect a retest of 1900. The trend in my previous idea followed the green arrows and pivoted as I mapped at top resistance to drop to this support. Based off my accuracy here I sentiment towards strong price action in play. Technicals are set for upwards momentum with macd and signal heading towards 0 line and RSI heading further out of oversold zone. NOTE: Arrows are set to my previous idea that is attached Please comment with thoughts and ideas and make sure you view the previous idea attached. Thank you.
OANDA:XAUUSDLong
by Pika7993
1
Bitcoin Cycle: Why you should NOT worry about today's Pullback Hello Traders! Don't forget to support with a like and a follow. Bitcoin recently had a steep correction from $42k to $33k with heavy volume. But no need to panic, bulls. The trend is still intact. After shorting Bitcoin with tasty profits, here is why Bitcoin will recover. Bitcoin has tested strong 2 Supports today: The bullish trendline, and an "old resistance, new support" level at $34.5k. The bears haven't successfully broken it down completely. We can also look at history: You see, on January 4, there was a steep pullback to 28k, then the uptrend continued. The exact same thing is happening now, except that it is at a different price. Interesting. It is like some sort of new cycle that may happen for the 3rd time. I will expound on this more in the future. The Bitcoin trendline(marked by the yellow arrow) is very strong, because of the steep pullbacks that the trendline managed to hold. We can expect the 41k resistance to be broken in the next 40 hours. I won't sugarcoat things though: The 50-period Moving Average just got broken: but nevertheless... in the last pullback, the MA broke, but the bulls still resisted. Thank you for reading this analysis! Don't forget to like and support.
BITSTAMP:BTCUSD
by Trader_ph
1
XRPUSD: Confirmed Double Bottom, $0.80 by end of month: LONGGreetings traders! XRPUSD just broke the EMA 9 to the upside. Besides that, we also see a confirmed double bottom in the daily timeframe and a strong divergence in momentum! That gives us a good enough reason to buy long XRP, and may even hit $.80! Now, let's look at the future. I plotted a Fibonacci of the entire downtrend from 80 cents. If we can observe, the first resistance is 40 cents, a psychological number. After retracement to the 35 cents area and the 40 cents resistance breaks, the next resistance is 55 cents. The 55 cents resistance is a strong one in particular, because of the many times it was touched. After retracement, we will see the price reaching 80 cents by the end of the month, and possibly beyond. We can grab more than 200% profit if everything works well(most likely it would) Profits, cheers! This is presented to you by @Trader_ph, and make sure to follow me for more ideas! Comment down below about your opinion for XRPUSD! If we hit enough followers, I can make a website! :D
BITSTAMP:XRPUSDLong
by Trader_ph
4
Next stop 26 K (Potential direction sentiment to target)Previously 24k was a clear strong support. Once breached the pair found resistance at 25000 with multiple rejections. The trend I noticed once a key level breaks is a push to the next psychological whole number (22 k to 23 k, 23 k to 24 k, and 24 K to 25 k). I mapped out my trend pattern sentiment to visualize what I see. We may see some volatility between 24 K and 25 K until a significant breach of 25 k occurs. When these levels are breached the volume of the trend trading increases significantly. Please comment with thoughts and ideas. Thank you.
BITSTAMP:BTCUSDLong
by Pika7993
2