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Overbought

Is #Bitcoin's Blow Off Top Yet To Come? Make Sure You Take Your Profits! $30k Is a Psychological Resistance. Don't Expect To Time The Top, Just Try to Get Close (Within 10%) Bitcoin Will Retrace Heavily Once It Breaks The Parabolic Trend! (40%+ Retracement Expected) A Pull Back and Bounce At 20k Would Confirm A Nice Support Resistance Flips and set Bitcoin Up For Further Upside.. Try To Increase Your Bitcoin Holding With This In Mind! 💠Keep #ContemplatingCrypto 💠Join The Crypto Collective For More Signals & Copy Our Long Term Portfolio💠 💠 Thanks For Your Support! Like, Comment and Follow Us for More!
BITSTAMP:BTCUSD
by contemplatingcrypto
1
Acia going short• MACD line has almost crossed over the signal line, which is a bearish confirmation. The red vertical lines (+ve) also indicate that the price is decreasing. • William Alligator indicator shows that the stock is currently at a bullish position as the candle sticks are above the teeth & lips. The lines are moving closer together with could be a bearish confirmation. • The RSI is extremely overbought Conclusion Acia has been volatile lately and has experienced a huge spike in price. Due to that, we could expect a corrective pullback, and that is why a short position is taken. Entry price is set lower than current price for assurance.
AShort
by Sharona_vf
Mean-reversion - OVERBOUGHT - SHORT Greetings folks, Price has pierced through the standard setting bollinger band and my mean-reversion system has indicated a setup. Unfortunately, price has about reached the mean as of posting this trade idea. The trading system with a preset 2:1 profit to risk ratio for this asset has historically: 101 trades 19 %/R returns 40% winrate Do let me know if I should expand the assets and timeframe of ideas that I share. Cheers, PineConnector
Short
by PineConnector
HOW-TO Know This Chart Is EXTENDED? The Stock market overall is VERY extended You might hear this term being used a lot these days. For beginners, it could be a confusing thing. In trading we like to time our entries. We don't want to buy something when its "too expensive" In Chart terms, an expensive stock is one that has trend strongly for a period of time and showing signs of Exchaustion or Reversal In this video I try to explain what makes a chart an "extended" or "Over Priced Stock"... I use my Indicators and Chart pattern to answer this question. Let's see how!!!
NASDAQ:QCOMEducation
by iTradeAIMS
1
BTCUSDT 4H | Bitcoin market overview: New highs, new hopesHello, dear subscribers! In the previous review, we looked at positive signals in the bitcoin market, in particular the value of the OBV indicator. In the following days, bitcoin price overcame local resistances and renewed historical price highs. Resistance zones have turned into support zones. Currently, the price is in the range of $43,000 - $48,000, the rising trend remains in force. The bulls' target is round $50,000. MACD indicator is in the green zone, which indicates the strength of the upward movement. The RSI indicator value is in the overbought zone, which suggests that the growth needs a corrective move to reset the overbought. The OBV indicator overcame the previous high of 1.95M, its current value is 2.02M, now the previous high has become a support level for the buyers. The situation in the bitcoin market remains in the hands of the bulls, who once again won the bears and brought the bitcoin price to a new high. In the coming days we will see if the bulls will be able to keep the initiative in their hands. Subscribe to the channel and stay with us!
Long
by CatalystsFinance
1
GameStop Corporation Stock AnalysisGME stock is on the radar of many traders. Its what everyone has been talking about. It is an especially interesting stock because of it's monstrous rally up from around $30 to over $300 in just a matter of days. I myself, didn't know this stock existed until a few days ago...by then it was too late to enter. But anyhow, I thought this stock is gonna make history...so that's why I'm doing an analysis on it. I think it's severely overbought, and we shouldn't see much more of an increase in price. The candle on thursday confirms this because it went down quite a bit that day. Then it partially recovered the next day (friday). Now it's sunday...and tommorow, the market opens. So I bet that it's either gonna move up a little more for a few days or stay flat or most likely... move down. But the takeaway here is that I sense GME is overbought or close to overbought. So I drew the pathway the price will most likely take in the chart above for GME. So basically, the picture says a thousand words...and we should expect a dip in GME's price before continuing upwards or staying flat. Enjoy!
NYSE:GMEShort
by racer8
Looking for shorts on NASDAQNASDAQ is very overbought and there is a huge RSI divergence. Additionally it is sitting at the top of a channel, forming a strong resistance. With the recent buying hype and people going long, it would make sense that they will bring the price down to cash in all the longs. Of course wait for confirmation, as this is NASDAQ and it can keep going up indefinetly. A pullback is expected, before more buyers come in. Similar situation for US30 and SP500.
UShort
by aureliscapital
High probability swing short set up on CRSPHere is my short case on CRSP: - at the top of trading channel started since Feb 2020 - over bought reading on RSI - both PPO and RSI shows very clear divergence high Starting building a position as it hits the top of the channel and scale in as it moves down. Impulsive break of the wedge should move it down to the support at $161. Reaction will be likely, consolidation or a minor bounce. Then, if it gets taken down, then moving down to the bottom of the channel which intersects with $145.80 horizontal support. If that breaks, it's going way lower since $110 and $131 area are pretty thin so the move will be probably pretty swift.
NASDAQ:CRSPShort
by TK0421
5
OverboughtSnapchat is overbought in the short term and indicators are showing a steep decline. First: MACD shows weakening bullish divergence Second: D+ shows high levels of bearish divergence Third: RSI is 71.62 indicating that the stock is overbought Fourth: Candle bodies are getting smaller as price increases showing that bullish volume is decreasing as price increase, and in order for bullish volume to increase, price needs to decrease. Think of SNAP needing a mini correction. I believe we will see this correction during the second half of the week. Comment your thoughts below! Leave a like if you agree and make sure to follow
NYSE:SNAPShort
by Myantman101
13