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M-RSI

BTC recovering a bit at the momentRight now we have a bounce in Major Support area, Although it was broken. We have Buying Climax, Good bull pressure at the moment, but be careful with traps, you all know my strong analysis. We can be headed to 6.9k where I found first good resistance using Fibonacci, if we can get pass through this area, we might try to break stronger resistance at 7.6k, speaking of which we couldn't get pass last week, so I really don't believe we will this time- I'm just aware that anything can happen, and indeed, we can break it. This is a 'zoom in' chart analysis. we also have RSI showing strength and a bounce in the 20 level at oversold area, and has crossed above the smoothy EMA so, we also have an important resistance at level 56 in RSI but I guess that just something to watch out not SO important. I will be updating this chart as soon is showing some good info! Give a like guys!!
by G0ldenross
1
Litecoin (LTC) Technical Analysis and Trading Strategy. Follow!Between COINBASE:BTCUSD and HITBTC:LTCBTC , I must saw I'm more bullish about HITBTC:LTCBTC . I think we can all agree that the lower transaction time and cost make HITBTC:LTCBTC more competitive. Buy-in and sell points for HITBTC:LTCBTC , at least in the mid-term, are indicated by RSI deviation above and below the channel with a rapid increase or decrease in prices directly before. I don't have a buy-in range because it doesn't seem like a good time to buy or sell right now. I will be updating this idea a couple of times a day on this post until we even out or exit our upward-trending channel. We're right around the middle of our channel here, so I'm holding tight. I'd like to hear your thoughts on HITBTC:LTCBTC ! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Long
by dsgorthy
USDZAR weekly trend at crossroads. Levels strongly supported.At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential political difficulties, then with the new ANC presidential election the pair moved down rapidly. There may be a further political wrangling until the elections in 2019 and it is likely to cause swings both up and down (difficult to predict). Technically there is very good support at these levels and prices have held, however the levels have been broken. If the price continues strongly downward then a new down trend could start. If prices rise from this level, it could get stuck between these two levels (12.30 to 14.50). I am neutral at this immediate moment as I am waiting for price to determine what will continue to happen, it could go either way. Also if the range sets up then this too adds to the neutral stance which may be opportune for range trades. There are opportunities to buy now with a stop just below at around 12.00 or 12.10 with the view to targets at 14.50. There is also an opportunity to sell as price could continue the general trend of the last two years. I am leaning more towards the side of Long at this moment as the RSI is very low (though currently bearish) and may be displaying bullish divergence. To be safe, we wait for confirmation from price action, with a smaller trade by money management for a long trade with space in the stop loss for a fake out.
by Quadricolor
NZDUSD - Going down to 0.63411 - Wait for good moment to shortAll timeframes on NZDUSD are bearish. Next longer timeframe target is 0.63411, which is the last bottom on the Monthly timeframe Target: 0.63411 Invalidation point: 0.70644 (last bottom on Daily timeframe) See below the multitimeframe analysis M) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60), Bear retracement exactly at 50%, Price is lower as several moving averages. There is one contradiction, which is the bear divergence on the CFG Indicator. The CFG on the monthly chart is showing lower tops while the price is giving higher tops. That indicates a short bear detour after which the market should resume it's bull trend. Due to more bearish evidence as bullish, I'm prefering the bearish scenario instead of the bullish. Next target is the last bottom at 0.63411 W) Down: Relative strengh indicator recently broke below 40, Positive reversal target of 0.78116 is not achieved, which is very bearish. The weekly traders are clearly heading down. D) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60), recent Negative Reversal Target of 0.7006 is being hit. That pricelevel is now resistance. In addition to that the prices are below the moving averages. The daily traders are clearly bearish. Wait for a Negative reversal on this timeframe (or lower) to enter the market 4H) Down: Bearish Range Rules (Relative Strengh Index moves between 20 and 60). Prices are below the moving averages. The 4H traders are clearly bearish. Wait for a Negative reversal on this timeframe to enter the market. Conclusion: All TF's aligned, find a Daily or 4H Negative Reversal to enter the market with as target 0.63411
Short
by arnevv
4
EURUSD - Moving down to 1.146 - search for good moment to short EURUSD shows arguments to expect a further decline on different timeframes. Wait for Negative Reversals on Relative Strength Index or CFG to short the market. Next target: 1.146 (based on weekly timeframe) Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe) See analysis of multi timeframes below: M) Down: topping at 60, below fibo 50% level (1.22) protecting bear perspective W) Sideways: RSI < MA's, on its way to test MA's on price around 1.146 D) Down: RR, NR TA Hit, resistance at 1.17586 and 1.17111 4H) Down: NR TA Hit, Range Rules, resistance at 1.17094 Search for NR's to enter the market
Short
by arnevv
District0x Long Opp-- RSI trading As you can see I've been playing DNT like an absolute fiddle. I see this as a great long opportunity because I still consider DNT undervalued in terms of market cap, and think it has a lot of room for growth. Since its initial pump, it's been staying faithfully within the ascending channel while drawing down between fib levels of resistance. I definitely see DNT remaining in this upward channel for at least until it recoups the initial losses to the ATH, then I will revise this idea accordingly. Not much opportunity to backtest the RSI settings on this one, it's only been on the exchange a week or two. However, I'm looking at the hourly chart with 18 periods in the RSI and as you can see the negative divergence highlighted in red signaled the end of the run. I'm using 24 periods in the STOCH RSI to include a larger time frame, smooth the indicator a bit and provide fewer false signals by accounting for more of the macro trend. When a divergence appears here, it will be more reliable than on the other RSI indicator. Watch for any breaks below the long term trend line in green.
Long
by gagevalentino
Up Trend Is Resuming !-As you can see, the pair is having trouble breaking below a major demand area at 1.6800 , which isn’t surprising since it lines up with a 38.2% Fibonacci retracement, with RSI almost hitting oversold levels. -Based on the long wicks below the area, it looks like forex bulls are defending the support very well, Not only that, but a bullish divergence has also popped up to reinforce a bullish trade! -Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 1.6980 -n any case, just make sure to practice proper risk management, a’ight?
Long
by YaseenG.Housari