Oscillators
Multi-Timeframe Analysis of $MSFTIn this multi-timeframe analysis of Microsoft $MSFT we discuss the possibility of bullish price action in the month of August. Another leg lower to the 200ema on the weekly cannot be ruled out (~217), but if we break out of the descending wedge and above the 21 ema on the weekly, we can have upside targets of 283 and (in the event of a major bullish move into September) 307.
PEOPLEUSDT possible bounce in the golden pocket BYBIT:PEOPLEUSDT
Following up from my previous technical analysis on PEOPLEUSDT ,
We possibly have a bounce happening in the Fib Golden pocket and we have bullish divergence on awesome oscillator and Cipher B
PEOPLE has been volatile over the last few days, so think about your entries and TP's.
Possible TP areas - Top of the channel forming, daily levels above on my chart or the POC. Feel free to chart the same levels on your chart.
See the video for details.
if this idea helped you, please give a thumbs up and feel free to follow for more ideas and trade setups
Not Financial advise. DYOR. Papertrade before using real money
$AAVE reached a 10% increase....but so whatGot word today that $AAVE was trading 10% higher than reflected of recent low.
Well DUH! THats why its called a "LOW". WHy not talk about it when it reached 2% or 7%? The problem i had with this editorial i read through was they completely failed to mention the almost 200% decrease in price. Half of which took place in just the last 10 days.
I mean if youre going to talk about a 10 percent increase in the price to wet the mouths of people in the $AAVE #Community, then at least tell them the FULL story.
So with that, Im here to tell you the full story AND give you some advice, as well as place a quick trade WHILE recording the video.
ATR and RSI in price actionI explain in this video how I view the relationship between ATR and RSI in true trend following situations. This is not about trend continuation or harmonics.
This is on the India50 - a 2H time frame. But always one has to look higher to understand the risk and rebellions that may be ahead.
Trading is not about investing. It is primarily about exploiting parts of trends. So you're in and out of the markets, to catch a slice of some trend.
There are bound to be losses. You absolutely cannot make profits without suffering losses.
The business of minimising losses and maximising winning positions - in trend following - has no strict formula. It is about experience in the markets. And each market/instrument has its own personality.
For tend followers taking some or all profits in a deep RSI trench is a good thing. The ATR can show important trend switches.
There are trading platforms that can be programmed to follow the ATR (or any other indicator), in trend following. (House rules do not permit me to mention here). On such platforms one can program a trade to close if price is above or below a certain figure on the RSI.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Long various alt coins soonHello everyone,
I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year!
Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in.
In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior.
That is it for now. If you have any questions, please feel free to ask.
Wishing you the best!
4hr BTC RecapI know it is boring, but trying to analyze which way this is headed.
Of course tough to tell here, but I still lean to the upside with 43k a target on this bull zone.
However, if wrong I will likely breakeven or a small loss and in a boring whipsaw consolidation that is not too bad.
Fibo
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge.
You can follow this chart here .
I hope you learn something from this video and if you like it, then please leave a like.
If you have questions, then please leave a comment.
Thank you.
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there.
If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators:
1. stochastics RSI in over sold
2. Surge turning up and displaying a back and front divergence.
then I will be getting in my favorite Alts at God-speed! Let's see what happens!
Thanks for watching and reading my post.
How To Pick Bottoms Without Getting Stinky Fingers!Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping.
In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in your market of choice. The best markets for day trading being futures, of course! 🤑
Massive momentum divergence means a top is forming in OIL1. In this video I've focused on momentum indicators to show a massive divergence building with every higher high in the price of oil.
2. I also showed a longterm trend line providing immediate resistance
3. Lastly, I used cycle analysis to predict a major swing low ~ 8 weeks from now
TAKEAWAY: 3 independent forms of technical analysis giving the same outcome that oil peaks right now. This is complementing my fundamental view that inflation has peaked; aka oil has peaked.
Thank you and feel free to leave your constructive feedback