EUR/USD LONG - 20. FEB. 2020Clear divergence on OBV with Stochastics oversold. Wait for the daily candle to close before entering this trade because the price can continue to go down. Use proper risk management!
Oversold
ZEC Looking To Double Bottom In Oversold Territory On The Daily ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double bottom formation. Price could retest the upper $40's potentially. I would suspect candle body to bottom around $55 but that is highly speculative. If you know anything about ZEC is this thing prints insane wicks all the time so watch out with your stop loss. At least consider that in your trading strategy this is a real easy one to get stopped out in rather frequently. Its worth noting that on January 14th or 15th ZEC saw what looks to be its highest amount of buy volume ever recorded. I am long term investor with bullish view overall. Think the charts are showing some bearish potential for the days ahead. Say what you will about Zcash but remember this one thing....
It was once listed for $2,200,000 each. Ridiculous as it may be it still is a fact. Calculate the risks you take.
Please Like & Comment ------> Lets Be Friends **even if we disagree**
HAVE A GREAT DAY. LIFE IS A GIFT.
Not Financial Advice.
BTC Golden Cross On The Daily Despite Recent Sell OffAfter a healthy uptrend BTC has met resistance on the major diagonal resistance line drawn from the 20k & 14k peaks. Despite a strong rejection we have still managed to get a Golden Cross on the daily chart . Stochastic RSI in oversold conditions. However, We are in overbought territory on the Weekly timeframe in Stochastic RSI . Looking at moving averages for support out fist one would be the 50 day around the $8,500 region. We need to breakout of the diagonal resistance before we can put our moon suits on. That time only grows closer each day. Could see a double bottom get printed in daily Stochastic RSI in oversold condition while the weekly cools off. There is definitely some downside potential for BTC and the market overall in the short term. If your focused on the macro picture you know where were going long term. Double digit blocks soon to be a thing of the past ---> for ever.
Please Like & Comment ------> Lets Be Friends **even if we disagree**
HAVE A GREAT DAY. LIFE IS A GIFT.
Not Financial Advice.
XRP Respecting Trend 1D TimeframeSince my last post XRP has rejected off the top of the pitchfork and fallen to the bottom of the pitchfork where it is attempting to find support. Stochastic RSI falling to oversold conditions. We are potentially refueling before another big leg up. 50 day moving average turning vertical looking for momentum to make it over the 200 day moving average.
If your minds on your money then strategically put your money in the markets ;)
Not Financial Advice.
EURCHF swingAnalysing the weekly chart on Eurchf, it has been in a bearish trend since April 2018. With uncertainty regarding brexit, euro has been declining for a long amount of period, where we can see that it has reached a peak, an oversold market. In the next few weeks, Euro is expected to gain strength through monetary policies and manufacturing Pmi.
Another POV, on the weekly chart, possible formation of head and shoulders or a breakthrough to create an uptrend, breaking 1.20033. Look for buys in current price.
Target is 429 pip. However tp3 covers 542 PIPS.
BTC.D Oversold Bounce? | Alt Coin Pull Back? Firstly Happy Valentine’s Day and welcome to another Crypto Update!
Today we will look into the BTC.D chart to identify where the greater market is headed. The BTC.D is likely to experience an oversold bounce which may lead to a probable pull back in the current ALT season.
Points to consider,
- BTC.D broke key support line
- All key moving averages broken
- Testing local support
- RSI in oversold conditions
- Stochastics trading in lower regions
- Volume spiking
The dominance showed a lot of weakness when the key trend line was broken, this initiated the overall Alt season. All key moving averages where broken at the same time, which puts more emphasis on the bearish projection.
Current support being tested is a critical area; a bounce here is probable to cool of all technical indicators.
Currently the RSI is in oversold conditions, historically this leads to an oversold bounce back into neutral territory. The stochastics is trading in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside.
Volume is clearly spiking, confirming a true breakout of a key trade location. A break of this current support will continue with bear momentum.
Overall, in my opinion, a bounce is highly probable from such oversold conditions. The BTC.D is testing critical support, if this does not hold, then expect a prolonged Alt season.
What are your thoughts?
Please leave a like and comment,
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
EURNZD o/s levels all timeframeEURNZD oversold levels in all timeframe from 30 mins into higher Daily timeframes
Indicators & Oscillators are oversold waiting for reversal
Confirmation 30 pips move for long position
Bull flag pattern 30 min
Crude Oil OverSoldOil has gone through great lengths with bringing price down immensely. Price is showing either a reversal tone or the beginning of where price is looking to retrace. Through Historical Data, price that has converted from bearish to bullish, has reached our potential exit which is the Top Blue Line. Waiting for Proper Candlestick Confirmation for a Double Bottom to secure our reason to enter Bullish.
EURUSD : Which Cypher ? Hi.
At EURUSD, first the Bearish Cypher Pattern worked and we came down.
Now for the work of Bullish Cypher Pattern,
A closing on the Blue Trendline is required.
There is not much hint when we look at COT Net Positions :
Only 2% Position increase is observed on Autonomous LSTM Adaptive Period.
Let's follow the Blue trendline.
1W Chart Status :
And we are under the influence of Bearish Cypher whenever we cannot break this trend line.
It should not be forgotten.
Finally, if you think this analysis is useful to you,
press the LIKE button )
Regards.
EURJPY Long SetupHello, we have moved to some more oversold territories.
The Buy Signal has also observed.
The analysis currently includes a nice Risk / Reward Ratio.
And I think you can try.
But let's not get loaded because if we fail we have the opportunity to try again.
I think this analysis may have less risk in the following parameters:
Risk/Reward Ratio = 1/3
Position Size = %0.05
Stop-Loss : 119.669
Goal : 121.058
Don't forget to look Related Ideas to understand this analysis' Main Structure.
Regards.
Coffee has taken a dive, now looks ready to rally againPost the sugar-rush of speculative buyers, the commodity sold off heavily, gapping through a short term uptrend-line. Now the commodity, represented by the ETF JO, looks to be stabilizing at the 38.2% Fibonacci level from the Dec 13 high. Moreover, we see a cluster of moving averages, including the 200day Exponential Moving Average at this level. Given the current risk-on, and dollar-down environment, coffee should be supported moving forward. This sell-off is overdone, and other soft commods such as Cocoa and Sugar have performed splendidly in recent weeks. There is no reason for Coffee not to do the same. I am targeting new near term highs, and a 141% extension from the previous rally off the lows.
EUR/USD Daily - Possible Bullish ReversalTuesdays close on the 1D chart gave us a bullish hammer. Depending on the outcome of Wednesdays daily close we may have a sign for a bullish reversal.
RSI is sitting around 35 which may also give the indication the trend has tired out.
Strategy:
Wait for Wednesday close.
If we close above 1.1025 (the hammers high) then I will be looking for a long position.
If we close below 1.1000 the possibility of bearish continuation is in sight, then I will be opening a short position.
EUR/JPY 4H Chart Analysis-EUR/JPY broke it's ascending channel and has also already broken the 120.85-121.40 area which was acting as support;
-Price has touched 3 times the upper channel line and 3 times the lower channel line;
-Although RSI is oversold on the 4H chart, there's a big chance this is moving to the downside;
-Look for entries on a retest and remember this is a volatile market so don't forget to set up stop-losses;
This is not financial advice.
Simple Idea, no words left.Simple Idea based on SMA200 and RSI
Nowadays SPX is not tradeable anymore based on logic or mathematical ideas.
It could also gain forever :D
Target 2956 :D
GBP/CHF oversold daily GBP/CHF oversold daily in indicator and oscillator commodity channel index "CCI" and relative strength index "RSI"
Current at yearly support price, targeting price resistance at 1.27 for breakout ema
Tomorrow release would be bullish so expect for a strong move upwards
XAU/USD ShortShorting after the overextended hype.
Kept a tight stop-loss, now moving it accordingly. Overbought on the RSI, big rejection candle formed today, waited for the bounce off the new downward trendline. I am keeping a close eye on this pair, for the potential to take profits if we see gold move to higher highs.
Ethereum Double Bottom FormationHi everybody.
Although the price could still drop to 80-100$ zone I consider this time a good purchase opportunity to go LONG.
We have a possible double bottom formation while bouncing on the AB trend (Point C) and also the daily RSI is in oversold zone.
Everything is on the chart.
Best reggards.
Janpr99
XRPUSD 1H BEST %R MOMENTUM STRATEGYStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL.
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend.
A lower high is simply a swing low point that is lower than the previous swing high. While a lower low is simply a swing low that is lower than the previous swing low.
All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend.
For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best momentum indicator.
Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower End of the Candlestick .
A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup.
In this regard, the momentum trading strategy besides using the best momentum indicator, also incorporates the price action.
A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick.
Now, it’s time to focus on the Williams %R. This is the best momentum indicator. Which brings us to the next step of our momentum indicator strategy.
Step #3: Wait for the best Momentum Indicator to get overbought (above -20). Then rallies below the -50 level before Selling .
We’re going to use Williams %R, the best momentum indicator in a smart way. In an downtrend, we sell after the best momentum indicator has reached overbought conditions (above -20). And then rallied back below the -50 level.
Now, we have confirmation from both the price and the best momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on.
Note* If the best momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend.
The next important thing we need to establish is where to place our protective stop loss.
Step #4: Place Your Protective Stop Loss above the Recent Lower Low.
We want to hide our protective stop loss. It is above the most recent lower low level that formed right before the best momentum trading strategy issue the sell signal.
Alternatively, you can also trail your stop loss above each most recent lower low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal.
Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy.
Step #5: You pick your own TP strategy or
Take Profit once we break above the Previous Lower Low
A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower low.
Alternatively, you can take profit once the best momentum indicator breaks above the -50 level.
Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
CERAGON PatternsCERAGON has formed an Adam & Adam, a triple bottom with a bottom mirror level. RSI is looking for one move down before it enters oversold territory which has historically turned the stock bullish. Symmetry can also be observed on the RSI, which is quite nice.
Massive sequence of RSI-Renko DIVINE™ Scalps Following Iran NewsThere were a total of 250-270 points of NQ scalps after the Iran missile strikes going long. If you held the first contract long on the swing trade (1st trade in the direction of the new trend is always the swing trade, marked by a fat arrow) you would have gained another 270 points.
BTCUSD - 5 Day Chart Absolutely PRIMEDThe 5-day BTCUSD chart looks absolutely incredible for a potential bullish push in the coming month or two.
Key takeaways from the current chart:
Support found on the 100 & 200 days SMA.
Stochastic, Stochastic RSI and RSI all starting to trend up from oversold levels (RSI close enough).
Stochastic and Stochastic RSI has been oversold for an extended period of time.
MACD is the only indicator not pointing entirely bullish yet, but if the candle finalizes green, it will likely have all signs pointing to a cross over.
I really can't find much I don't like about the 5-day chart. To me, it's got pretty much everything that I can ask for. The MACD is somewhat slower than the other indicators, so having it not cross over yet is not a deal-breaker what so ever. Even having said that, the MACD histogram has continued shrinking each period and is very small relatively at this point in time.
My last post about BTCUSD was to short the daily chart on 12-31-2019, and to look for the bounce from the bottom BBand for a potential change in trend. Combining my theory from the daily chart, and this 5-day chart I really like the chances of a trend change here.
We may all wish we accumulated more at 7k. If this is the trend change, we could break 2019's highs.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Is the bounce completed? Are bulls ready to overpower bears?Well, watching the shorter 1m, 5m and 15 min charts, I need to take profits off the table back to neutral until the bulls really show up. Bounce players would not be overly convinced here until new short term resistance at 3.03 and $3.07-$3.08 is broken. We have short term support at $2.82. I fear that on any sector or market weakness, the bears will pie drive this down to the low $2s based on the two Bear Flags and Pennant seen this week.
