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Overbought

My next plan!!! Buy or Sell Bitcoin!!!Ok guys, this it's a good question that many traders make it. So, first Bitcoin make a new higher today and Bitcoin break up with strong forece at favor of bulls trend. But wait a minute, if that will be caused any liquidation of longs posiiton. Remember, the $19,900 USD was a higher level and psycological point to take our decison!!! So, my other hand it's that Bitcoin could to formed a bearish rising wedge and it's more curious to discuss with us a next plan to take our best decision to long or short position and be prepared. Now, before to continue to analyze the chart, I want to talk in this timeframe and that it's that Bitcoin it's over bought, but we would to be cautelous that we're are a new higher and then we can see a hide correction meanwhile a bull trap and right now the RSI it's overbought. My other good plan it's this, in 3 Daily chart we are overbought and then, we would need to see any correction so possible in Bitcoin that we would need to be prepared!!! But analyzing the Daily so enfocous in this timeframe, we see that Bitcoin was formed an ascendent triangle in this yellow lines and then, in the past days I mark a manipulation clear that we can see if Bitcoin break up or not the zone, but we would need to have any plan first before to entry in the market yes or yes. BUT the most important it's this draw that I created for you if you have any doubts to have any plan and this could to support you. But right now, the best it's still away of Bitcoin until we see that Bitcoin goes again the $19,900 USD again to see if Bitcoin continue up. In case that BItcoin make a confirmation in H4 timeframe. we bought or the another hand we could see a correction that we hope toward the $16,500 USD approximately. But I'm still bullish and following the trend!!!
COINBASE:BTCUSDLong
by harisonhbn9718
1
Timing Mkt Entrance from RSI, Stochastic & Bollinger BandsI am eager to buy this stock because of its strong financials, its strong dividend, exemplary stewardship, and its current valuation, which is significanlty less than its fair value estimate (~$21/share current, compared to ~$29/share est. fair val.). However, due to its recent price increase I am not confident to buy this stock now because I have a gut feeling that this stock will decrease in the short-term, thus minimizing my prorfits. Furthermore, with the market being as high as it is, I would like to mitigate the effects of any impending stock market slumps. Many believe that another crash is imminent, and I dont want to be caught in a situation where I paid a price for a stock that it may not reach again for several months. This will tie up valuable income that could otherwise be used to make bargain purchases should a stock market slump occur. My analysis of this stock is as follows. I first indicated the prolonged overbought status of the RSI indicator, further confirmed by the stochastic indicator beginning in middle-to-late November. Then, I took note of the repeated top-Bollinger band penetration by the price signal, beginning in the first week of November, and continuing until mid-December. Finally, I looked at the volume oscillator to look for signs of divergence. I know that if strong upward moves are supported by a strong positive shift in volume, that the current trend is likely to continue. However, I know that if a strong upward move in price is backed instead by a strong negative shift in volume, that a price reversal may soon follow. Further to my point about volume movement, I observed that the volume oscillator's value at the close of December 11 was ~-4%, and more, that the rate of change of the volume oscillator was decreasing. This is especially apparent in the DEMA-9 of the volume oscillator signal. Since volume is an inherently noisy signal, especially in the 4h chart used in this analysis, I prefer to analyze a smoothed, DEMA-9 on the volume oscillator instead. This makes it more straight forward to assess volume movements and not be distracted by strong peaks and valleys seen in the un-smoothed signal. Thus, I anticipated that a further volume decline would ensure, despite the fact that the price appeared to be increasing rather strongly (but deceivingly so). I thus held off on buying this stock on November 24, where I began my analysis, despite my strong urge to do so given the attractive price increase. I am not certain when I will buy this stock, as the point I made about an imminent market crash is still valid. However should the price continue to decline significantly - the current decline sits at -2.3% in 3.5 hours since mkt open - it will look much more attractive to buy at that time.
NYSE:EPD
by nicholasbdurham
Community Health Systems Overvalued Those who have been following Community Health Systems since the firm's stock tumbled in October 2016 following the $7.6B merger with HMA may be wondering if the hospital giant has found its footing after three consecutive quarters of being EPS positive, rallying stock prices to a 52-week high record of $11.04/share. Today, I am here to tell you that this stock is very much overpriced compared to the firm's current market value. Highlights (Quarter by Quarter Fundamental Analysis) Short-term assets such as Cash and Cash equivalence have increased again by 17% to 1.8B, while receivables and inventory have decreased, signaling that Community Health Systems could be improving their asset turnover or we will see a decrease in net income next quarter. Total assets have slightly increased while debts have slightly decreased resulting in a 2% decrease in debt-to-assets, however, the firm has continued the trend of financing assets with more debt with a 5% increase in debt-to-equity from 28.1% to 29.5%. CYH also maintains an enterprise value far greater than their market cap value. CYH has continued the trend of cutting SGA expenses. Although we see a reduction in FCF, it remains positive. Using the DCF model, we have a fair-market-value of about $6.30/share. (One-year Chart using Technical Analysis) Upon reviewing the charts, we will most likely see a decline in the stock's price. The RSI and MACD are bearish while the price is testing the 20 EMA. Analyzing the volume, we are seeing that the bulls are starting to lose momentum. Short/put - $5.70 (low confidence) to $6.30 (high confidence)
NYSE:CYHShort
by OrangeTrader93
ETHUSD - Trading under 20SMAI see a potential pullback in the SHORT - NEAR TERM for Ethereum. I have marked 3 potential support targets. Medium to Long term I am still bullish and expect ETH to get back to its ATH. However, short term charts are showing me this: - The higher high was rejected and met with heavy resistance so much so that the short term trend changed bearish. - Currently trading below 20SMA - ETHUSD seems to be trading sideways under the 20SMA. This makes me "nervous" because it looks similar to the 25-26 Nov timeframe (the not-so-nice Thanksgiving special...) In this highly volatile market it is ALSO possible that ETH can see a sudden increase in volume and momentum and that we break out above the 20SMA before going higher. How you would confirm that is by looking at the FIB BB and also the STOCH RSI. If the red RSI turns to move upwards whilst the blue STOCH moves up, this will be a sign of upward pressure. However, I cannot go on "possibility" because I am not a fortune teller. (wouldn't that have been helpful …) So therefore, I am making my conclusion on what I am seeing right now on the charts and from the indicators. Please hit like 😊👍 I appreciate your support, many thanks. Ev
COINBASE:ETHUSDShort
by BlockTechEv
3
Short Term Decline But Long Term Success From a fundamental standpoint, with Covid causing people to work from home, and social distancing from family, Zoom is a popular choice for video messaging/conferencing. Long term I see Zoom increasing in value as the work from home trend will not be going away any time soon, even if there is a Covid vaccine or treatment with 100% effectiveness. From a technical stand point for the short term, I see Zoom dropping as it is overbought as indicated by the RSI. On the 45min chart, ZM has an RSI of 75. However the MACD still shows room for growth so Monday might be a good buy in point for those who would like to short the short term decline. There are sell signals coming from Divergence+ and Bollnger bands are close to crossing setting off another sell signal. I will be buying in Monday to put Zoom short term. Will hold the position no longer than a couple weeks. The position I will be most likely buying is $455 a share by 12/18. What are your thoughts on Zoom? Comment below & give a like if you agree with this analysis.
NASDAQ:ZM
by Myantman101
3
Volume Indicators Masterclass Part 1VOLUME INDICATORS Volume is one piece of information that is often neglected by many market players, especially beginners. However, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. The usage of volume indicators has long been restricted to just the Forex Markets. Thereby in the Volume Indicator Masterclass, we will be looking in-depth for a few volume indicators. Traders often use volume which measures the number of shares traded during a particular time period as a way to assess the significance of changes in a security’s price. Traders rely on it as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target. Volume analysis is a technique used to determine the trades you will make by discovering the relationships between volume and prices. In order words, it shows how many times the security has been bought or sold over a given timeframe. The time frame can be one minute, four hours, one day, or anything. The volume transacted in the given timeframe is represented as a bar, which can be color-coded. The color of the bar shows whether the security’s price closes up or down. A green bar is generally used to show that the security closed higher during the trading session A red bar is used to indicate that the security closed lower The height of the bar shows whether there’s an increase or a decrease in the volume of the security transacted a taller bar shows a higher volume while a shorter bar shows a lower volume. Trend Confirmation : If the volume increase with an increase in price or with a decrease in price, it indicates a strong buying or selling pressure. Trend Non-Confirmation : If the volume decrease with an increase in price or with a decrease in price, it indicates a weak buying or selling pressure. There are various Volume Indicators, out of which we will be discussing the Money Flow Index in this Masterclass. Money Flow Index The Money Flow Index (MFI) is an oscillator that uses both price and volume to measure buying and selling pressure. The indicator is synonymous with “volume-weighted RSI” as it integrates volume and mirrors the relative strength index (RSI) with respect to its mathematical formulation and categorical classification as a momentum oscillator MFI. Calculation of the Money Flow Index: Typical Price: (High + Low + Close) / 3 Money Flow: Typical Price x Volume Positive Money Flow: The Money Flow on days where the Typical Price is greater than the previous day’s Typical Price. Negative Money Flow: The Money Flow on days where the Typical Price is less than the previous day’s Typical Price. Money Flow Ratio: 14-Period Positive Money Flow / 14-Period Negative Money Flow Money Flow Index: 100 Money Flow Ratio / (1 + Money Flow Ratio) Signal Generation BUY When Money Flow Index crosses up 20 i.e. from the oversold region SELL When Money Flow Index crosses down 80 i.e. from the overbought region There a lot of more interesting Volume Indicators that can be used, about which we'll be talking in the next Masterclass of Volume Indicator. STAY TUNED! ---------------------------------------------------------------------------------------- Your questions and comments are most welcome. If you find the post useful, please like, share, and follow to make sure that you get more information once published. - Mudrex
COINBASE:BTCUSDEducation
by Mudrex
21
Short Of The YearRoku is positioned to be my short of the year. With the Bollinger bands giving a double sell signal, Divergence+ giving a triple sell signal, and a RSI that has sat above 70 for a record amount of time this month. We are positioned for a very strong sell off. Roku is simply overbought and the bears are getting stronger and about to have full control of this stock. The red shadow above the recent candles shows divergence. The best indicator to look at is the MACD at the bottom of my chart. Paths have crossed at the top and will fall as the bullish volume bars are declining rapidly. If you look at the difference in price indicator, ( a script I created ) you can see that the price change per candle on the 45min has become less volatile. Expect to see some spikes like on the 9th except these spikes will be downward price movement. My strategy is to buy ROKU within the first 30min of the open. It could jump in price with Monday Morning Market euphoria, and begin to trickle down from there. I have a target price of $247 and I believe that can be reached before the end of the month. I plan on purchasing 25 contracts with a strike price of $250 expiring 11/27. Looking to make my biggest options return of the year. Apple still holds my record for this year at a $6k profit but I see potential to make $10k+ with Roku. Follow to watch the big win, or loss. Comment your thoughts below!
NASDAQ:ROKUShort
by Myantman101
27
UNI SHORTMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! --------------------------------------------------------------------------------------------------------------------- ANALYSIS: UNI has finally made some surprising gains in the last view days, however, @ over 80% gains in the last few days, UNI is extremely overbought and could see a correction down to support levels. Therefore entered a short @ $3.1605 w/ 600UNI = $1458 * 1st TP @ $2.81 w/ 250 UNI * 2nd TP @ $2.58 w/ 200 UNI * 3rd TP @ $2.41 w/ 150 UNI
Short
by AB_Trading-Intelligence
1