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Oversold

GBPCAD will rise soonGBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy . EDUCATION so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading is th reacting process it can not project .so we have to see the price action on that fibo level before it makes an rejection USE your own risk management.
Short
by rasindu2003
1
📅📈4-Year Bull Cycle and the 100 SMA Connection 🔄📅 The 4-Year Bull Cycle: Many seasoned crypto traders are familiar with the concept of the 4-year bull cycle, which appears to be a recurring phenomenon in the world of cryptocurrencies. Historically, it's been observed that approximately every four years, Bitcoin experiences a significant surge in value. 📉 The Dip Before the Leap: Interestingly, before each of these major bull runs, there's often a notable dip in the price of Bitcoin. It's during these dips that we see Bitcoin briefly dropping below the 100 SMA (Simple Moving Average) on the charts. 🚀 Setting the Stage: The dip below the 100 SMA seems to serve as a setup for the next bullish wave. It's as if Bitcoin takes a brief breather, shakes off weaker hands, and then prepares for its ascent. 📈 Past as Prologue: While history doesn't guarantee future outcomes, this pattern reminds us of the cyclical nature of the crypto market. It's not uncommon to see Bitcoin drop below the 100 SMA, only to rally to new heights shortly afterward. 🔍 Key Takeaway: Keep an eye on the 100 SMA, but remember that it's just one piece of the puzzle. Crypto markets are influenced by a multitude of factors, and no single indicator can predict the future with absolute certainty. 💡 Stay Informed and Adaptable: As crypto enthusiasts, our strength lies in staying informed, adaptable, and open to various perspectives. While historical patterns can provide valuable insights, they should be considered alongside other indicators and analysis. 🔄 The Cycle Continues: Whether you're a seasoned trader or a crypto newcomer, understanding the patterns and rhythms of the market can be empowering. The 4-year bull cycle and its dance with the 100 SMA are just part of the ongoing saga of crypto. ❗See related ideas below❗ Don't forget to like and share this post, and share your thoughts in the comments. Your insights fuel the crypto conversation! 💚📊💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
📉 MVRV Indicator: When Oversold Means Opportunity 🚀📊 Understanding MVRV: The MVRV indicator measures the ratio of an asset's market value to its realized value. It helps traders assess whether an asset is overvalued or undervalued relative to its historical price action. 📉 Oversold Conditions: One of the key insights that MVRV provides is identifying when an asset is in an oversold condition. When the MVRV ratio drops significantly below 1.0, it suggests that the asset's market price is lower than the realized value, indicating potential undervaluation. 🚀 A Signal for Bulls: An oversold MVRV can be seen as a bullish signal, as it may suggest that the market has corrected too far to the downside. Historically, such conditions have often preceded the start of bullish trends. 🔍 Additional Confirmation: While the MVRV indicator can provide valuable insights, it's important to consider other factors and indicators to confirm a bullish trend. Technical analysis, trading volume, and fundamental news can all play a role. 🌐 The Crypto Landscape: Keep in mind that the crypto market is highly dynamic and can be influenced by a wide range of factors. Risk management and a comprehensive trading strategy are essential. In conclusion, the MVRV indicator's ability to highlight oversold conditions can be a valuable tool for traders. When used in conjunction with other analytical methods, it may offer insights into potential bullish opportunities. Stay vigilant, stay informed, and remember - the crypto market is full of opportunities for those who approach it with a well-rounded strategy! 📊🚀 ❗See related ideas below❗ Follow + Like this post and share your insights in the comments; your engagement fuels the crypto conversation! 💚🚀💚
Long
by Yaroslav_Krasko
2
COMP Trade UpdateTraders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful. Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader. Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area. Here are the positives: RSI back above support RSI still near oversold Price in H&S Target Box Price above good support (red area) Here are the negatives, including fundamental considerations: China FUD re: Evergrand bankruptcy Elon FUD selling BTC Macro-economic uncertainty = risk-off Fed Powell Speech Friday And one TA negative is that current candle is a shooting star As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose. Best, Stew
COINBASE:COMPUSDLong
by stewdamus
Consequence of DivergenceJW to again observe the divergence, I called this on prior posts, see what happens when RSI Falls in face of rising Price?! Well, fine, hope you enjoyed your bearish gains. You shorted, right? O, still holding longs? Well you might get a chance to close those out soon. Notice how oversold it goes, trading at bottom of Bolly Band, under 50MA... might be a good place to close shorts, eh? Selloff on retail sales report is overdone imo. What a nutty roller-coaster. Can still go lower ofc; do not bet your farm on any wild notions!
TVC:SPXLong
by DaddySawbucks
Fortinet FTNT Overreaction - What now?Slightly after earnings Fortinet Gapped down. Which are my favorite kind of stocks to trade because 9 times out of 10 Gaps close. Fortinet had many analyst reiterate Bullish price targets some up to $70. I'm looking for a retest at $60. Forecasting out to nov 2nd. The next earnings should be interesting. Williams, MACD, & RSI are all showing Oversold in this situation. This could be a solid entry for someone to start a small position. This is not financial advice. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:FTNTLong
by FinesseTheWave
Statistically looking at BTC history. Much love!Hey everyone, We are all going through some unfortunate times with plenty to talk about. That being said, I hope everyone is safe and enjoying themselves. Needless to say, I've noticed a specific trend. When I started to look at the weekly chart, I zoomed out in an attempt to validate my current trade. When I did that, I ended up going through a rabbit hole full of data. I flirted with taking a look at the dumpiest places ever, almost like my search for every apartment in LA. Needless to say, I saw two statistics that coincide with one another. If you take a look at the monthly chart, there are two statistics that stand out the most - January 12 '15, and December 10 '18. At those infliction points, we were completely oversold. It took approximately 1,428 days to go into the oversold department starting Jan 12 '15. If we use the same calculation, things seem to start processing into existence, starting from December 10 '18. Fast forward to today, we can see that another 1,428 days land on Nov 7 '22. I believe that the bear market will end and that point. No one times the market. Take a break and hug the people you love. Happy trading.
BITSTAMP:BTCUSD
by CryptoArom
Massive Falling Wedge Headed Into EarningsAlways keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description -- PT1- $20.81 PT2- $21.67 PT3- $22.54 PT4- $23.78 --Weekly Timeframe-- -- Previously Charted--
NYSE:LACLong
by jacobosiason7
2