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Centered Oscillators

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
Potential sellThis is a two entry sell analysis with an entry rule. Although GBP as found some momentum as a whole, CAD has been looming right behind in its showdown with 4 weeks of strong positive economics which is expected to continue through the start of 2021. The entry rule here is clearly shown on the chart. A break and close out below the support of 1.73500 for one who practice strict risk management rather than sell stopping at 1.74000 ( which I’ll do on my demo account 😂). TP first sell at support shown and if the support breaks allow the second sell to continue to second TP. Close out second sell if there is clear support at 1.74000 and pivots look for SL. RSI and MACD are currently correcting towards selling points for some technical sentiment. Please comment with any thoughts and ideas. Thank you.
Short
by Pika7993
1
Long term sell off to low ( Strict entry rule)After a top retest of near 2.00000 in March the pair entered into a sell off long term short trend. We have breached levels that sentiment a continued drop into 2021 to match lows. It is difficult to forecast how low the trend will breach however due to global economy one would sentiment retesting low of lows. Presented is the day chart. With a steep sell off I sentiment a retest oft at least 1.54000 as long as there is a breach and close out below 1.59150. A safe entry point to ride the trend would be 1.59100. MACD divergence in play with RSI potential breach through oversold zone. Please comment with thoughts and ideas. Thank you.
Short
by Pika7993