Get started

Overbought

BTC/USD You are really buying this? Then you must be crazy! MAJOR CORRECTION AHEAD. It might run up for a shadow candle at 5700-6000 LEVEL. But that's it major supply at 6k$ so basically that's where the game is over. But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30% So those neysayers that said we won't see 3000$ area again, they will be extremely WRONG. Careful! Trading. Don't overleverage, if you want to short it wait for weakness. Wait for Tether Dump to be over and then you can short safely. For now this pump is solely based on people selling their TETHER for ofc BTC :) Withdrawal then BTC send it to a REGULATED exchange and cash-in.
BITSTAMP:BTCUSDShort
by SpawnyXBT
15
EURUSD 1D WILLIAMS %R STRATEGYThe Williams percent R indicator or %R for short is a technical indicator that oscillates between the value 0 and -100. The Williams percent range indicator provides us with valuable information about the strength or weakness of a trend of a stock, commodity, currency pair, cryptocurrency or any other financial instrument that has attached to it a price. Basically, the Williams percent range indicator is a powerful momentum indicator that can help you day trade any market in the world. Williams percent range oscillator can be used in various capacities that can help us determine: Momentum confirmations. Overbought and Oversold readings. Strength of the trend. Potential buy and sell signals. When day trading, you need to eradicate all the uncertainty around your decision-making process. This is why we have developed the Williams percent range strategy, a rule based system that will allow you to trade from a place of personal power. The benefit of our day trading system is that it can be used with any market in the world. Strategy #2: Day trading Momentum Burst with Williams %R Indicator As an alternative to using the Williams percent R to identify overbought and oversold market readings, we have developed a way to catch momentum bursts that you will see on your charts every single day. Momentum trading can offer you instant gratification, and the Williams %R trading strategy can help you satisfy those financial urges. Let’s get into how momentum trading works using the Williams %R indicator. Step 1 Add Williams %R indicator onto your chart with a 10 period length We have also changed the oversold and overbought readings to -90 respectively -10. Note: Make sure you use 10 periods for the Williams percent range oscillator. Step 2 Draw a line at the -50 level on the Williams percent R indicator The momentum strategy is developed around the -50 level. For a visual representation, and to better and faster identify the potential trade signals, we add a line at the -50 level. The -50 level is the middle of the Williams percent range oscillator range. When the %R indicator crosses the -50 level, it signals a change in the momentum. Step 3 Buy once the Oscillator moves from oversold reading and crosses the -50 level There are two conditions that need to be satisfied before confidently buying. First, we need to see the %R oscillator in oversold territory. We consider a market oversold if it shows a reading below the -90 level. Secondly, we need to see the oscillator moving away from oversold territory and cross the -50 level from beneath. This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the -50 level. In our case, we’re looking to buy right away once the momentum oscillator breaks above the -50 level. Step 4 For our exit strategy and stop loss management, we simply work with the trading range identified during the first step. In this regard, we place the protective stop loss below the support bottom of the range and take profit at the top resistance of the range.
Long
by Tradingstrategyguides
forexTrdr EURNOK- NOK THAT PAIR BACK DOWN FROM EXTREME LEVELSMorning traders, This morning we have had the Swedish central bank come out and delay interest rate rises with market now pricing no rise until early 2020 (from mid 2019). This has had a secondary effect on the Norwegian Krona leading to a 700 pips drop versus the Euro. We are looking to capitalise on this move into extreme overbought territory and looking for a pull back into the previous trading range of 9.55 to 9.60. The spike bounced off of resistance levels dating back to early 2019 and forming a descending trendline from previous high levels in April and early February as shown in our Trading View charts. Simple clean trade on event driven news. As always this is not a trade recommendation and simply technical observation. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
forexTrdr EURAUD- SHORT POST CPI SPIKEMorning traders, Looking at a short setup on Euro versus Australian dollar after last nights inflation data out of Australia coming in at 1.3% versus 1.5% expectation leading to a 140 pip spike higher in this pair. The miss on inflation suggests, in simple terms, points to slowing growth and creates a lower expectation of the Australian central bank raising interest rates. In fact there is growing expectations that they may instead need to cut interest rates due to a slowing economy and a housing market that is extremely overheated. Back to the technicals on this pair, so the spike of 140 pips has taken the pair up to a resistance level that dates back to early March. The spike itself was on very low volumes when compared to recent trading and as such was not able to break through resistance and is currently 40 pips off the headline spike. Unsurprisingly the move shows as over valued on every technical indicator. We are looking to take advantage of a pull back from these highs with expectation that the bulk of the move back lower will occur overnight during the Sydney trading session. As always this is not a trade recommendation and simply technical observation. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
3
EOSUSD Day Trade Plan Apr 22 2019Bitfinex: EOSUSD EN: 5.24 - 5.37 average: 5.305 SL: 5.491 Take Profit: 5.15, 5.1, 5.05, 5, 4.95, 4.9; Fib (0.5-0.382) Expected Call Duration: 1 days to 4 days Position Percentage: 20% Leverage: 3.3 Risk Level: Medium Call strength: Medium High Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO Signals: Bearish (Red): 1H - 8H ribbans Long Wick Bearish Hammer Bitfinex: BTCUSD: Bearish Divergence, (Overbought / Resistance, Yellow) on Three ribbons > 2H and 15m, 22m DISCLAIMER This is only a personal opinion and does NOT serve as live trade call NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BITFINEX:EOSUSDShort
by go8686
6
Watch Out for Possible BITCOIN PullbackBITCOIN is getting more and more dangerous for Bull. It may challenge the previous high, or even breakout into higher high. But the Marginal Revenue is decreasing for Long Trade. So Bull gets to watch out for a possible Pullback. It is still in Range, so it is up to the market. Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO RSI Signals: Bearish Divergence (Overbought /Resistance, Yellow) on 2H Time frame, which is strong short signal for Bitcoin, as discussed in my idea "Is Divergence the King or Queen of Crypto Technical Analysis" Crazybought -> Overbought, Lime -> Yellow means the previous breakout is fading. DISCLAIMER This is only a personal opinion and does NOT serve as live trade call NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BITFINEX:BTCUSDShort
by go8686
ETH DAY TRADE PLAN Apr 20 2019BITMEX: ETHUSD EN: 173.5 - 178.5, average:176 SL: 180 Take Profit:170, 169, 168, 167, 166, 165 Fib(0.618-0.382) Expected Call Duration: 1 days to 1 week Position Percentage: 10% Leverage: x 9 Risk Level: Medium Call strength: Medium High Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO Signals: Bearish Divergence, (Overbought / Resistance, Yellow) on 60m - 170m Time Frames DISCLAIMER This is only a personal opinion and does NOT serve as live trade call NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BITMEX:ETHUSD.PShort
by go8686
3
Forex Divergence Watch: USD Pairs 20190419USDCAD: Resistance in 1D, Yellow, Range USDAUD: Conflict Signals Bullish Divergence (Blue) in 339m (5.6H), Support Bearish Divergence (Yellow) in 4D-5D Resistance USD Pairs being monitored: USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR Time Frame: 1H - 2D DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
by go8686
Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored: EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD Time Frame: 30m - 1D EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow EURADU: Bullish Divergence / Support on 680m (11H), Blue EURGBP 170m MACD, RSI EURADU: 680m MACD, RSI DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
by go8686
$SPY - Weekly Chart Analysis Heading Into Easter Long Weekend$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy longs, we would like to see a slight pullback to $285-$290 level of consolidation to let the market catch it's breath and overbought sentiment. Main focus for day trades have been day 2 continuation plays off highly correlated news-based plays moving irrelevant to the market conditions. Other focus setups have been on the earnings reports and pre-market gappers that also tend to more irrelevant to the market conditions. Still keeping a mindful approach to how the $SPY is acting in conjunction with my watch-list. On gap up days, market tends to give less opportunities at the open and for longs. Key is to be patient, let the pullback/dip take place and base out, then look to attack the healthy long setups that have bullish support from the overall market. If we do hit doomsday mode where media and major names start to tank during earnings season, will look to focus my watch-list on the inverse ETF's (UVXY, TVIX) as they are my bread and butter during volatile market dips. Have a great long-weekend everyone and I will see you all Monday!
AMEX:SPY
by BullsOnWallStreet
Is Divergence Really Irresistible?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known. This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval. Indicators used: RSI MACD 9 Seasons Rainbow Multiple Time Frames Pattern PRO Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow" Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow" Instances of Bullish Divergences (Green Arrows) 29 instances, probability of profitability > 85% Signals: Blue ascending arrows in RSI & MACD Blue Ribbons in "9 Seasons Rainbow" Instances of Bearish Divergences (Red Arrows) 17 instances, probability of profitability > 90% Signals: Yellow descending arrows in RSI & MACD Yellow Ribbons in "9 Seasons Rainbow" The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support. The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1. By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence: Visually Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions Setting Alerts of divergence on All Time Frames on a click DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities. The arrows and rectangles are added manually according to signals of the indicators. Hidden Divergence is not included in this idea, because I feel the probability to win is not so high as normal Divergence. May be I don't find the right method to use hidden Divergence.
COINBASE:BTCUSD
by go8686
Is Divergence the King or Queen of Crypto Technical Analysis?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known. This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval. Indicators used: RSI MACD 9 Seasons Rainbow Multiple Time Frames Pattern PRO Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow" Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow" Instances of Bullish Divergences (Green Arrows) 29 instances, probability of profitability > 85% Signals: Blue ascending arrows in RSI & MACD Blue Ribbons in "9 Seasons Rainbow" Instances of Bearish Divergences (Red Arrows) 17 instances, probability of profitability > 90% Signals: Yellow descending arrows in RSI & MACD Yellow Ribbons in "9 Seasons Rainbow" The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support. The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1. By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence: Visually Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions Setting Alerts of divergence on All Time Frames on a click Poll: Is Divergence the King or Queen of Cryptocurrency / Cryptoasset Trading Technical Analysis? Please leave your comments. DISCLAIMER This is only a personal opinion and does NOT serve as investing advice NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities. The arrows and rectangles are added manually according to signals of the indicators.
COINBASE:BTCUSD
by go8686
Japanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSDJapanese Top Author AKUBI_FACTORY Predicted the Dump of ETHUSD 12 hours in advance, by using "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator and traditional indicators: RSI and MACD. Time Frame: 4H Percentage of Drop: 12% so far The signals: Overbought / Resistance (Yellow) in "9 Seasons Rainbow Multiple Time Frames Pattern" RSI: Divergence MACD: Divergence Trendlines The benefit of using "9 Seasons Rainbow Multiple Time Frames Pattern" is it saves traders' time: Divergence of RSI and MACD in 12 time frames can be seen on the same chart straightforward. Especially when 6 or 9 assets are monitored, it may save up to 90% of your time. For the details of Top Author AKUBI_FACTORY' prediction and analysis, please refer to his idea: jp.tradingview.com DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
BITFINEX:ETHUSD
by go8686
9