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XAUUSD D1 - Neutral XAUUSD D1 Last night, XAUUSD experienced a remarkable surge of +720 points as the markets unfolded, driven by a confluence of factors, previously mentioned above. Notably, the XAUUSD markets are steadily advancing toward historic highs, and the market opening triggered a substantial influx of buying pressure, low volume causing such aggressive spikes, since we have corrected below market open price. It’s going to be a tame day I imagine given such wild moves witnessed.
FX:XAUUSD
by Trade_Simple_FX
Bitcoin candles of Satoshi are entering the realm, you ready? Only when the dynamics of S/D , Hash rate, Difficulty, UXTO expanding, do Satoshi candles appear. i.ibb.co Beyond the black horizon, trying to take control See my girl, she shivers in her bones The sun and zenith rising, trying to take us all There's a fire between us So where is your God? There's a fire between us I can't get off the carousel, I can't get off the carousel I can't get off the carousel, I can't get off this world Beam me up, 'cause I can't breathe Spaceman I always wanted you to go Into space, man.
INDEX:BTCUSDLong
by FederalXBT
DXY (Dollar$) Shorts down to 101.500The bias for the dollar this week remains bearish, leading me to anticipate further downward trends. Near the current price, there is a supply zone on the 3-hour chart where we'll wait for price redistribution. Following that, we'll await confirmation on a lower timeframe to execute the sell trade. Additionally, I anticipate a minor reaction from the 13-hour demand zone, presenting potential small buying opportunities. Subsequently, we anticipate the price to continue its descent and then respond to a 3-hour demand at 101.500. This is where I expect the price to retrace upwards, providing a more favourable opportunity for a buy trade. Confluences for DXY Shorts are as follows: - The short term trend currently is bearish (with perpetual BOS's to the downside.) - Trend lines below act as magnets, pulling the price downwards and encouraging a bearish continuation. - To evoke a bullish reaction from the price next, there's a strong demand zone on the 3hr time frame. - A clear 3-hour supply zone sits above the current price, where we can expect a bearish response. - By the candle stick anatomy bearish candles are very strong, holding lots of momentum. P.S. I also observe the potential for the price to rise, targeting a more favourable supply zone like the (7hr) to initiate a robust bearish movement. Despite the strong bearish trend currently, we will primarily seek opportunities aligning with the trend. However, the next viable counter-trend trade would be at the 3-hour demand level around 101.500.
CAPITALCOM:DXYShort
by Hassan_fx
1
"BULL MARKETS ARE BORN ON PESSIMISM"Did you come across several media reports, individuals and others betting on the crash of US economy and how everything will collapse. Here is a quote by Sir John Templeton - "bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria". So one can understand with the growing amount of pessimism all around as to which phase of the bull market we are in - yes, just the beginning. The S&P Real Estate weekly chart shows the impulse move up (through march 2020 to dec 2021) and a subsequent 70% retracement(through dec 2021-oct 2023) of the same. The index has now just completed a complex triple three correction (WXYXZ) and is all set to move up from here. The index could double from the current levels in the coming 2-3 years time. Note*- this is not an investment advice, please do your own research before making any investment decisions.
SP:S5REASLong
by neeraj_2_sharma
How RSI Alerts Can Supercharge Your Long-Term Crypto PortfolioBuilding a long-term portfolio demands a strategic approach that goes beyond random buys and impulsive decisions. Instead, savvy investors employ tools like the Relative Strength Index (RSI) to identify advantageous entry points and navigate the market cycles effectively. 💜 If you appreciate our guides, support us with boost button 💜 Here’s a step-by-step guide on how to harness RSI alerts to fortify your long-term crypto holdings. Step 1: Spotting Entry Opportunities with RSI < 35 When aiming for long-term crypto accumulation, the goal is to buy assets at opportune prices. Setting up your charts with the RSI indicator and adjusting the lower band to 35 enables you to pinpoint instances where cryptocurrencies in your portfolio might have experienced an unwarranted dip. This can be a golden opportunity to acquire assets for the long run, aligning with the principle of buying low. Step 2: Steering Clear of Overbought Zones with RSI > 70 Conversely, an RSI reading surpassing 70 signals potential overbought conditions. In such instances, it's prudent to exercise caution. Holding off on new purchases during these periods or even considering exiting certain positions that have seen significant price surges allows you to safeguard your returns. Converting gains into stablecoins during overbought phases enhances liquidity, positioning you strategically for future opportunities. Step 3: Confirm with Other Indicators & DYOR RSI functions most effectively when complemented by other indicators. Incorporating tools like Moving Averages, Bollinger Bands, and MACD provides a more comprehensive view of market conditions. Remember, thorough research is crucial. Rely on multiple indicators to reinforce your decision-making process and mitigate risks associated with single-point analyses. Step 4: Get Timely RSI Alerts On Your Email & TradingView App Time is of the essence in the volatile crypto market. Instead of constantly monitoring prices across various platforms, set up RSI alerts on TradingView to receive timely notifications. This ensures you don’t miss critical market movements and can respond promptly to favorable conditions or potential risks. How to Create RSI Alerts on TradingView Open TradingView: Log in to your TradingView account. Select the Chart: Open the chart of the cryptocurrency you're monitoring. Add RSI Indicator: Click on "Indicators" at the top, search for RSI "Relative Strength Index", and add it to your chart. Set RSI Levels: Adjust RSI levels by clicking on the RSI label on the chart, then edit the Upper and Lower Band levels to your preferred values (e.g., 35 for Lower Band, 70 for Upper Band). Create Alert: Click on the alarm bell icon at the top of the chart, then select "Add Alert." Choose the condition (crossing above/below RSI level), set the desired RSI level, and customize the notification settings. Save Alert: Confirm and save your alert. You’ll now receive notifications via email or within the TradingView platform when the specified RSI conditions are met. Effectively utilizing RSI alerts is a game-changer for long-term crypto investors. By intelligently identifying entry points, avoiding overbought conditions, confirming signals with other indicators, and staying informed with timely alerts, you position yourself for success in the dynamic world of cryptocurrencies. Enhance your portfolio strategy with RSI – a tool that brings precision and efficiency to your crypto investment journey.
Education
by Vestinda
5
DXY D1 - Bullish BounceDXY D1 - Relief Rally The dollar index has undergone a significant retreat, showcasing a robust decline from the recent swing low to the swing high. It elegantly touched the 618 region, displaying a compelling wick, and gracefully closed just above our crucial 103.000 support level. Anticipating a potential rebound from this fortifying support zone, we may witness a temporary respite before a possible breach of the 103.000 support on the imminent second attempt. Meanwhile, the US30, US100, and XAUUSD are scaling impressive heights, mirroring the upward momentum seen in GBPUSD and EURUSD. Stay tuned for a detailed analysis unfolding shortly.
TVC:DXYLong
by Trade_Simple_FX
Tips on Adjusting the RSI (Part 2) Although the standard setting for the RSI is 70 (overbought) and 30 (oversold), I prefer to adjust the levels to 80 and 20. The purpose of this is to identify the extremely overbought/oversold regions. In addition to adjusting the levels, I would pay attention to the chart when the RSI enters in the overbought/oversold region (but would hold back on entering a trade) I would only enter a trade when the RSI turns down/up from the overbought/oversold region. This would signal that the price is likely to fall/rise as the RSI reverses from the extremes and back within range.
Education
by JinDao_Tai
Learning to use the RSI (Part 1)The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to identify overbought or oversold conditions in the market. The RSI is measured on a scale from 0 to 100, RSI values above 70 are often considered overbought, suggesting that the price may be due for a reversal or pullback. RSI values below 30 are often considered oversold, indicating that the price may be due for a bounce or recovery. A common mistake most traders will make is to assume that once RSI signals an overbought/oversold condition, the price should drop/rise, hence leading to a sell/buy decision. In the 2 examples highlighted (solid blue lines), you will notice that although RSI signaled an overbought/oversold condition, the price continued to climb/drop despite being overbought/oversold. Remember: Prices can be overbought/oversold for an extended period of time When using any indicator, always remind yourself of what it is measuring and remember that it is just math (not magic). The indicator is supposed to help quantify and help you see things clearer on the chart (rather than numbers). Check out Part 2 for Tips on Adjusting the RSI
Education
by JinDao_Tai
Altcoin Market Cap: Destined to reach 6 TrillionAlt coin market cap reaching 6T is no longer a dream, its just a matter of time. In the previous run altcoin marketcap increased from 40B to 1.8T, which is a very significant increase of 45x. If we see similar run this time, then 45x of 430B will be 19T, even if it reached half of this (9T) then its gonna be a huge win for altcoins. we can expect some coins to hit 100x or even 1000x. If we look at the MACD, in the last cycle (2020) after the MACD cross market cap increase exponentially, and we are currently seeing MACD getting ready to cross and market is getting ready for bitcoin halving with positive sentiment. Overall we are very confident on MACD cross and altcoin reaching the market cap of 6-9T easily. Let's wait and watch, give a boost and share your thoughts in the comments. Cheers GreenCrypto
CRYPTOCAP:TOTAL2Long
by GreenCryptoTrades