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Navigating the Neutral Waters of Bitcoin: A Technical AnalysisToday, we'll be discussing the current state of Bitcoin. Bitcoin's current price is 23,352, and we're analyzing it in a 1-hour timeframe. The Relative Strength Index (RSI) value of 38 indicates that Bitcoin is currently in an oversold position, which might present a good opportunity for investors who are looking to buy Bitcoin. Looking at the 1-hour timeframe, we see that there is a potential resistance level of 23,972 that Bitcoin might struggle to surpass. The upper Bollinger band is at 23,643, which could also serve as a resistance level. However, the lower Bollinger band is at 23,452, and the middle Bollinger band is at 23,287, which suggests that Bitcoin is in a neutral position. The Trend Explorer indicator shows that Bitcoin is also in a neutral position, with potential volatility in the near future. The lower band is at 23,959, the middle band is at 23,444, and the upper band is at 22,930. The volume oscillator is at 8%, indicating that there is not much trading volume currently in the market. This could lead to higher volatility, which is important for investors to consider. The Moving Average Convergence Divergence (MACD) value is -59, indicating that Bitcoin is currently in a bearish trend. However, the stochastic oscillator value of 28 indicates that Bitcoin is oversold, which might present a good opportunity for investors who are looking to buy Bitcoin. As your friendly teacher, I would like to remind you that investing in cryptocurrencies is risky and volatile. It's essential to perform your due diligence, conduct market analysis, and carefully assess your investment goals and risk tolerance before investing in Bitcoin. Remember that you should only invest what you can afford to lose. If you're a long-term investor who believes in the potential of Bitcoin, you might consider buying Bitcoin at the current price as it is oversold and might increase in the future. However, if you're a short-term investor who is looking to make a quick profit, you might want to wait for the price to break through the potential resistance levels before buying Bitcoin. In conclusion, Bitcoin is currently in a neutral position, with potential resistance levels at 23,972 and 23,643. The oversold RSI and stochastic oscillator values suggest that Bitcoin might present an excellent opportunity for investors who are looking to buy Bitcoin. However, the low trading volume, bearish MACD value, and potential resistance levels suggest that investors need to be cautious when investing in Bitcoin. As your teacher, I encourage you to continue learning about the market and making informed investment decisions. Good luck!
by ShawnMCR
31
How to Trade With Relative Strength Index (RSI) Indicator Hey traders, Relative strength index is a classic technical indicator. It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change. Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tips: 💠First of all, let's start with the settings. For the input, we will take 7/close. For the levels, we will take 80/20. Then about the preconditions: 1️⃣ Firstly, the market must trade in a trend ( bullish or bearish ) with a sequence of lower lows / lower highs ( bearish trend ) or higher highs / higher lows ( bullish trend ). 2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows. 3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead. ➡️ Once all these conditions are met, you spotted RSI Divergence. A strong counter-trend movement will be expected. Also, I should say something about a time frame selection. Personally, I prefer to apply it on a daily time frame, however, I know that scalpers apply divergence on intraday time frames as well. ❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
10
SPX - Just more sidewaysA couple days ago I suggested that SPX was going to just expand below the uptrend line and above the downtrend line. My expectations are continuing to flow accordingly. The only thing that has me skeptical at this point is how oversold the 4h green wave is. But tae a look at the red, white and yellow wave. They're all curling down. The next rebound in that green wave is going to decide the next few weeks, in my opinion. Still not focusing on EWT but more on the chart formation, the momentum indicator is oversold and the green wave on the wave master is oversold. If we continue moving sideways and even if we start expanding even a little bit like I have forecasted, it'll allow the green wave to reset a bit and get up into overbought and then we could see a bigger move down instead of up. Yes, I know my main projection has this moving up, but if that green wave resets and the red/white/yellow waves are still overbought like they are now, we will almost certainly see an expansion type move to the downside. Not going to get into options premiums and decay but more than likely anybody holding further dated options are going to watch their money slowly disappear as the price action continues to chop for the next few weeks. Trade carefully and equity is king right now (both long and short style). You may be interested in bear ETFs for things like AAPL and TSLA. Careful with TSLA, though. She's a wildcard but I do believe if the market is going to expand down that AAPL has the best R/R.
SP:SPX
by bitdoctor
Have you heard about the Aroon Indicator? Anybody who’s used momentum oscillators can tell you that they’re useful. Want to understand trends? Momentum oscillator. Looking for trading signals? Momentum oscillator. Ranging or trending? Momentum oscillator. The umbrella of momentum indicators solves most scenarios. Popular examples include RSI, Stochastic Oscillator, and… the Aroon Indicator! Yes, Aroon is not as popular as the others but it does have merits. Meet the Aroon Indicator Security prices hit highs and lows based on various factors. This can lead to new trends, and reversals or the security might simply hit a range and stay there for a while. The Aroon measures both for a given time period using two indicators known as the Aroon Up and Aroon Down, after which it will calculate the strength of the trend. The result will be a number between 0 to 100. The best part - you have the liberty to choose the time period (n). The “n” can thus be 14, 20, or whatever you want it to be. 1. Aroon Up Formula n - Days Since Recent High / n 2. Aroon Down Formula n - Days Since Recent Low / n Notice how there’s a special focus on the time when it comes to Aroon? That’s because Aroon is one of the rare indicators to show you time relative to price. Usually, other oscillators show you the price relative to time. This sets Aroon apart from the rest. Interpreting the Aroon Indicator 1. Values A higher Aroon value indicates stronger trends Aroon Up = 100: new bullish trend Aroon Up = 30 to 70 & Aroon Down = 0 to 30: potential bullish trend Aroon Down = 100: new bearish trend Aroon Down = 30 to 70 & Aroon Up = 0 to 30: potential bearish trend 2. Crossover When the Aroon Up and Aroon Down intersect/crossover, the following may be likely: Aroon Up moves above Aroon Down: potential bullish trend Aroon Up moves below Aroon Down: potential bearish trend No Crossover: price consolidation/ranging But… the Aroon Indicator can generate false trading signals. That’s why it would be wise to use Aroon in conjunction with other indicators. P.S.: Aroon isn’t the only indicator that’s prone to false trading signals. Bollinger Bands too can generate a “headfake”, which we’ve covered in this blog about Bollinger Bands Indicator. Above is an example of how the Aroon indicator looks on the Reliance chart Conclusion Aroon oscillators can be viewed as leading or lagging oscillators, depending on how you look at them. Essentially, the indicator attempts to determine trends just before or during their occurrence. This makes it a potential leading indicator. However, the trading signals that Aroon generates can be late and as a result, it is also a lagging indicator. We hope you find this information useful about the indicators. We usually post about trading and investing on blog.dhan.co (do check this out) Let us know what should we write about next. Until then happy trading! Disclaimer: Recommended stock name is only used as an example.
NSE:RELIANCE
by Dhan
1
BITCOIN: Did it can fly to 48 000$#BTCUSDT as you can see at the chart in daily chart time-frame we have very important and strong support zone in 12/2020 price flew from this powerful support zone to 65000$ i think the scenario will be repeated dont's miss up this opportunity buy and hold it to the next targets at the chart First target: 32000$ Second target: 40000$ Third target: 48000$ i expect there will be a correction move and i expect the price will fly to the target at the chart About technical indicators overview show a bullish move MACD is showing bullish RSI showing bullish EMAs showing a bullish move Ichimoku cloud is neutral Fib retracement is showing bullish ZELMA is showing uptrend-move Parabolic SAR is bullish Accumulation distribution is neutral Awesome oscillator is showing bullish Thank you, and for more ideas, hit "Like" and "Follow"! You may also TELL ME in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
Long
by SafeCryptoSignals
ADAUSDTHello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we can expect the formation of an increasing trend up to the specified limits. We would be happy to hear your comments
Long
by FiboTech
2
🔥TOP FIVE INDICATORS FOR BEGINNERS🔥 📊ON-BALANCE VOLUME(OVB) IS: On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in the price.The theory behind OBV is based on the distinction between smart money – namely, institutional investors – and less sophisticated retail investors. As mutual funds and pension funds begin to buy into an issue that retail investors are selling, volume may increase even as the price remains relatively level. Eventually, volume drives the price upward. At that point, larger investors begin to sell, and smaller investors begin buying. 📊MOVING AVERAGE IS: A moving average helps cut down the amount of noise on a price chart. Look at the direction of the moving average to get a basic idea of which way the price is moving. If it is angled up, the price is moving up (or was recently) overall; angled down, and the price is moving down overall; moving sideways, and the price is likely in a range.A moving average can also act as support or resistance 📊RELATIVE STRENGTH INDEX IS: The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of the pair’s recent price changes to evaluate overvalued or undervalued conditions in the price of that pair. It can also indicate pairs that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition. 📊BOLLINGER BANDS ARE: Bollinger Bands are a form of technical analysis that traders use to plot trend lines that are two standard deviations away from the simple moving average price of a security. The goal is to help a trader know when to enter or exit a position by identifying when an asset has been overbought or oversold. Bollinger Bands were designed by John Bollinger. Bollinger Bands help by signaling changes in volatility. For generally steady ranges of a security, such as many currency pairs, Bollinger Bands act as relatively clear signals for buying and selling 📊MOVING AVERAGE CONVERGENCE DIVERGENCE(MACD) IS: The concept behind the MACD is fairly straightforward. Essentially, it calculates the difference between an instrument's 26-day and 12-day exponential moving averages (EMA). In calculating their values, both moving averages use the closing prices of whatever period is measured. On the MACD chart, a nine-period EMA of the MACD itself is also plotted. This line is called the signal line, which acts as a trigger for buy and sell decisions. The MACD is considered the "faster" line because the points plotted move more than the signal line, which is regarded as the "slower" line. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
11
Buy TSLA in DecemberI think Tesla will be a good buy for December! NASDAQ:TSLA has reached the lows of March 2021 ($179). The Hazel Heritage Indicator gave me my favorite signal, which is the "untested low", pointing out when price has crossed through a pivot low that has never been tested before. This signal has a 92% success rate of creating a new pivot low. Price also has came back down to test the all-time high of $167. Therefore I'm bullish on Tesla going into the month of December!
NASDAQ:TSLALong
by jeanius_tech
3
Educational (divergence + volume)Hi guys, in order to spot a divergence you should be careful which timeframe you're looking at. for example in the left picture, the daily timeframe is showing higher highs in price (at each candle) and lower highs in RSI (at each candle). but note that these are not highs and lows and as long as you can't find signs of accumulation and distribution in highs and lows (as long as there's no valid consolidation) you can't name them as highs and lows. so there's no divergence. but in the lower time frame (what is shown is 4h) you can see it more clearer that for every candle in the daily time frame, you have a specific trend in the 4H timeframe. so you can name them as highs and lows and yes, there is a divergence now. also, keep in mind that in the lower timeframe. every time you're making a new high in rsi, you should expect it to be more volatile and be more sensitive in a way that in the next new rsi high, you have less time spent in the overbought area. The next part is about the volume profile. you have less resistance in front of the price movement where there is less volume traded in the past. BUT NOT ALWAYS! less trades made in the past in an area means two things: 1- you can expect the price to move faster and sharper and take less time in that area 2- if the price wants to make a low or high or a pattern, it's less predictable and there's more chance of wrong analysis and fake patterns. Feel free to leave any comments and ask questions!
Education
by Finnovin