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Relative Strength Index (RSI)

DOTUSDT Monthly S/R| VAH| .786 Fib| Price Action Evening Traders, Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible, Points to consider, - Price Action Impulsive - Monthly S/R Resistance - .786 Fibonacci Confluence - Daily S/R Objective DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786 Fibonacci, VAH and a Monthly S/R, allowing for a bearish bias. The immediate objective will be the Daily S/R support, exceeding this level will lead to a much deeper pull back. Overall, in my opinion, DOTUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember,
Short
by The_Alchemist_Trader_
4
EGLDUSDT Impulsive PA| POC Resistance| Weekly S/R| Trend Evening Traders, Today’s analysis – EGLDUSD – trading towards an area f resistance where a rejection is plausible, Points to consider, - Price action corrective - POC Resistance - .786 Fibonacci Resistance - Weekly S/R Resistance EGLDUSD’s immediate price action is trading towards an area where there is technical confluence with the .786, POC, and two HTF levels, allowing fr a bearish bias. The immediate objective will be the lower Int-Daily S/R, testing this region will create a local trading range. Overall, in my opinion, EGLDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.” ― Mark Douglas
Short
by The_Alchemist_Trader_
2
Bitcoin(BTCUSD) - Overbought - DecreaseOn the chart of Bitcoin (BTCUSD) we can see an overbought condition on a daily timeframe. The three indicators used are the Bollinger Bands, Relative Strength Index and the Stochastics. All three indicators are indicating an overbought condition. The price is currently bouncing off a resistance strong resistance. In combination with the information from the indicators, it is likely for the price to decrease within the range until it finds support. See all further details on the chart. Good luck!
BITSTAMP:BTCUSDShort
by vf_investment
11
🅱️ (₿) The Real Meaning Of A Bitcoin "Overbought" Daily RSI...The real meaning of the RSI numbers going above 80 is "strong". The signal can be read as "strong" or "very strong". RSI = Relative Strength Index . Below a certain level we consider weak/oversold. Above a certain level we consider strong/overbought. It works with the trend. You need some context for the RSI. It can go to "overbought" and stay there for 6 months before dropping, as an example. But if you see an "strong/overbought" signal and new lower highs start to show up or some bearish candlestick, bearish patterns, etc. -context- then you can take the signal. Bitcoin can drop surely just as it can go up, but the RSI cannot be looked at on its own.

A good example can be seen by looking at the daily (D) RSI for Bitcoin (BTCUSD) around late October 2020. It went overbought while Bitcoin continued to rise through April 2021, almost six months. When Bitcoin peaked in April 2021, the highest price in its history at that time, the RSI was far from overbought... You need to use it with the trend to maximize the benefits of this indicator. Another example was the time between April and June 2019. Bitcoin goes overbought on the RSI and this precedes a bullish wave. Then again in November 2015 the RSI flashed very strong/overbought and Bitcoin went on to print higher highs and higher lows until December 2017, more than two years of sustained growth. An RSI that goes above 85 after a major downtrend has been a positive predictive signal for a newly starting bullish cycle. I hope that helps. Namaste.
BITFINEX:BTCUSDLong
by MasterAnanda
7
APEUSDT Channel Low| Daily Resistance| Liquidity| Single PrintEvening Traders, Today’s analysis – APEUSDT- trading away from its Channel High, losing support will lead to a deeper pullback, Points to consider, - Price Action Impulsive - Channel Low Support - Naked Single Print - Lower Resting Liquidity - Market High Low APEUSDT’s immediate price action is trading towards an area of support that is in technical confluence with the Channel Low, Single Print, and a Liquidity Points, allowing for a bullish bias. The immediate objective is the channel high, this will become more probable as resistances get breached on the way up. Overall, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, thank you for following my work And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Long
by The_Alchemist_Trader_
3
DODGEUSD POC Support| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – DODGEUSD – trading in a local uptrend, a pullback will allow for a higher low entry Points to consider, - Price Action Impulsive - POC S/R Support - Bullish OB Support - .618 Fibonacci Support DODGEUSD’s immediate price action is trading in an uptrend where a pull back into the POC will allow for a bullish entry. The POC has technical confluence with the .618 Fibonacci and a Bullish Order Block, giving it significance. The immediate will be the current swing high, exceeding this level will lead to another analysis being required. Overall, in my opinion, DDGEUSD is a valid long at support, invalidation is multiple candle closes below the POC. Hope this analysis help, thank you for following my work, and remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
BINANCE:DOGEUSD.PLong
by The_Alchemist_Trader_
2
ETHUSDT Weekly S/R| Key Standing High| Area of Resistance| PriceEvening Traders, Today’s analysis – ETHUSDT – trading towards an area of resistance where a rejectin is plausible, Points to consider, - Price Actin Corrective - Weekly S/R Resistance - Key Swing High - .618 Fibonacci Resistance ETHUSDT’s immediate price action is considered corrective in a bear market, price is approaching a zone of resistance which allows for a bearish biases. There needs to be a change in market structure which will highlight weakness, currently not the case. The overall objective is the Daily S/R level situated at $1,190, testing this area will create a Trading Range. Overall, in my opinion, ETHUSDT is a valid short, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Short
by The_Alchemist_Trader_
3
Bearish AB=CD on the SPDR Select Industrial Sector ETFThere is a Logscale AB=CD on the Industrials with Bearish RSI Divergence and the 1.414 PCZ of the Logscale AB=CD aligns with the 1.618 on the Linear Scale. I think it would be fitting to see this go down as i have recently become Bearish on Defesne Stocks such as RTX and HON, and have also become bearish on Airline Stocks such as BA and those stocks all happen to be in the top 10 holdings of this ETF so if they go down this ETF will go down. The standard Target for an ABCD like this is back to the C level which is around $47 in this case but for the time being i will target $80 via buying of the $90 Puts that are several weeks out.
AMEX:XLIShort
by RizeSenpai
BITCOIN IS OVERBOUGHT! RSI shows the price will go back downTo everyone that is overly exited with Bitcoin right now... Calm down! Yes Bitcoin has rallied quite a bit for the past day, but don't jump on it too quickly because it is extremely overbought. As shown on the RSI, the price is largely above the 70 mark, meaning that people are buying excessively and that the price will soon come back down. If you gained from the bullish movement, think about selling soon and buying again when the price will come back down because it certainly will according to the RSI.
BITSTAMP:BTCUSD
by YanakTrading
1
BNBUSDT Daily S/R| VAH, .618 Fib| Price Action Context Evening Traders Today’s analysis – BNBUSDT – trading at a key resistance level where a rejection is probable, Points to consider, - Price action SFP - Daily S/R Resistance - .618 Fib Confluence - Low Volume BNBUSDT’s immediate price action is corrective and is trading at a level of clear resistance, that is the daily level and the VAH, allowing for a bearish bias. The current volume is below average, indicating a rise fuelled by short squeeze; an influxes is needed to break this flow. Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above $2.88.20. Hope this analysis helps, Thank you for following my work And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Short
by The_Alchemist_Trader_
3
GRTUSDT Key High| .618 Fibonacci| Int-Daily S/R| Psfp Evening Traders, Today’s analysis – GRTUSDT – trading at an area of resistance where a high timeframe pivot is likely to occur, Points to consider, - Price action corrective - Key Psfp intact - .618 Fiboancci Confluence - Lower Monthly Objective GRTUSDT’s immediate price action is corrective and is trading towards an area that has multiuple technical confleunces, this allows for a bearish bias. The key Psfp level remains intact, suggesting liquidity resting, testing this rea will lead right into the .618 Fiboancci, there is where a rejection is plausible. It is important that one uses price action upon discretion/ management when executing this trade, invalidation is candle closes above the .618 Fibonacci. Hope this analysis helps, Thank you for following my work And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse
Short
by The_Alchemist_Trader_
5
AVAXUSDT PullBack Continuation| Daily S/R| Price Action| Trend Evening Traders, Today’s analysis – AVAXUSDT – trading in an up-trend, a pull back needs to hold to confirm a bullish retest, Points to consider - Daily S/R Support - .618 Fiboancci Confleunce - VAL Support - Order Block Support AVAXUSDT’s immediate price action is trading in an uptrend towards higher resistance, a pull back into support confluence area will allow for a bullish bias. The immediate objective will be the overall Daily Range high where a rejection is probable for a larger trading range. Price action is to be used upon discretion/ management, invalidation is multiple candle closes below the trading range. Hope this analysis helps, Thank you for following my work And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee,
Long
by The_Alchemist_Trader_
1
ETHUSDT - RSI Shows More Upside 📈Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫 By using technical indicator RSI, we can see Ethereum has potential to see another push upwards. However, there is a formidable resistance zone and the candle would have to CLOSE ABOVE the resistance trendline in order to consider a reversal. A wick will just be stop hunting, therefore a candle close on a higher timeframe will be the most reliable indication. From a candlestick analysis, three white soldiers have formed but again, the diagonal resistance zone will have to be broken in order to continue upwards. Interested in my view on BTC using RSI ? Check out this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
31
SUSHIUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders, ' Today’s analysis – SUSHIUSDT- trading towards a key resistance zone where a rejection is possible Points to consider, - Price Action Corrective - Daily S/R Resistance - .618 Fibaoncci Resistance - Previous Consolidation Zone SUSHIUSDT’s immediate price action is trading towards a key resistance zone that is in confluence with the .618 Fibaoncci and two Daily S/R levels, this allows for a bearish bias. A change in market structure will be needs to confirm a trend reversals, this needs to occur at the previous consolidation zone. The immediate objective of this trade is the lower Weekly S/R It is important that one uses price action upon discretion/ management of this trade, invalidation is multiple candle closes above the last Daily S/R resistance. Thank you for following my work And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Short
by The_Alchemist_Trader_
1
#OP : A +120% Profits Opportunity in the Mid Term.#OP is looking in a bullish move in every sentiment flowing with the favor of the bulls currently. I will be back for more detailed info on the overall project but for now just want you to see the possibility of a long position at around $1.03. Mid term target will be at least at around $2.2 -SMA 20 needs to flip above the longer timeframe SMA's. -MACD looking bullish. -RSI looking bullish. -Even though a little bit more energy on volume is needed it looks great on the 4H and 1D chart. - Both symmetric and fallng wedge triangles do already formed by which the falling wedge break is the more bullish lookout in current circumstances. DYOR before making any investments on any asset and this is not a financial advice and do your own research before reaching out for your pockets to invest. CTE
Long
by cryptotalk_et
9
Long Idea As we can see here HST has been moving in a huge symmetrical triangle as we can see here the stock consolidates for about 2 weeks and a half once touching down at support before breaking out to the upside to once again touch the resistance. Things to NOTE: 1. Bullish Divergence on the RSI 2. Inverse H & S @HERE 3.Bullish PIN BAR on the WEEKLY time frame These are very strong indicators that HST may see a move up on the upcoming weeks. Play it as you will, I'd love to hear your input on this or exchange ideas on other possible stock moves. Happy trading fellas :" }
NASDAQ:HSTLong
by eguerrero589
GALAUSD Weekly S/R| Price Action| POC| Impulse Evening Traders, Today’s analysis – GALAUSD- trading at a key resistance zone where a rejection is probable, Points to consider, - Price action impulsive - POC S/R Resistance - Climatic Node - Daily S/R Support GALAUSD’s immediate price action is testing a resistance zone that is in confluence with the POC and a Weekly S/R, allowing for a bearish bias. The current volume node is climatic; this is evident of temporary top if bull volume does not persist. The immediate objective is the lower order block support, price has technical merit to retest the region. Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above the POC. Hope this analysis helps, Thank you for following my work And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Short
by The_Alchemist_Trader_
4
BTC Bottom Finder with RSI 📉Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 I'll be exploring a few scenarios for a potential Bitcoin bottom. In today's analysis, I make a use of Technical Indicator the RSI (relative strength index) over a long period of time, in other words a macro view. For more data that goes back further, I'm using BTCUSD instead of BTCUSDT. The RSI is trading in the historic oversold zone, but as we can see during the bottom of end 2014- beginning 2015, another leg down into the oversold zone is possible before continuing back upwards. This is indeed the scenario that I would be expecting, considering we have already tested this zone once but with talks of a global recession in 2023, we could see another leg down to support zone $11K before the final accumulation phase ends. I am by NO MEANS predicting the bottom date; just a simple overview that BTC is generally accumulated at a good price around this zone. Keep your eye on these 4 altcoins that have great upside potential during 2023, possibly even during a bear market as they are prone to pump and dump untimely 👀 XLM and DOT XRP and LTC _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITSTAMP:BTCUSD
by CryptoCheck-
32
APT|USDT DAILYS/R | TRADING CHANNEL| PRICE ACTION| TREND Evening Traders Todays analysis, APTUSDT, rejection from a clear resistance and channel high where a rotation lower is now possible, points to consider - price action impulsive - Daily S/R Resistance - Channel Low Support - Technical Higher Low APTUSDT has confirmed a rejection from its Daily S/R Resistance and is now trading towards its channel low support that is in confluence with the .618 fiboancci, allowing for a bullish bias. The immediate objective is the Daily S/R, exceeding this level will lead to a trend change and continuation. price action is to be used upon discretion/ management when taking this trade, invalidation is multiple candle closes below the channel low support. hope this analysis helps, thank you for following my work “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee,
Long
by The_Alchemist_Trader_
1
Bubble or NothingThe past two weeks have been largely uneventful as the market has seen a sustained period of low volatility and Bitcoin has been trading between the $16,250 support and the $17,000 resistance. From a technical perspective, the MACD indicator just crossed above its signal line. The last time this happened, the market saw a short-term increase in bullish momentum. Bulls will be hoping this momentum can play out and bitcoin can finally break above the $17,000 level and reach new range highs. Bears will be looking for a break below $16,250 which would only leave $15,500 as the last major support before $14,000. The RSI has still remained relatively neutral and has not provided any major support for either potential scenario as of yet. There has been an ongoing conversation as to whether the market will see an ‘echo bubble’ (a post-bubble rally that results in another, smaller bubble) in 2023. The spread between market expectations for a Fed pivot in H2 2023 could build expectations which might give confidence to the bulls. This is supported by the Federal Reserve recently starting to temper rate hikes from 75bps increases to a 50bps hike. However, there is evidence that markets tend to bottom after the Fed makes its pivot, not before. This would strengthen the case that we have not yet reached the lows of this current bear market. Another major event giving traders food for thought is China’s opening up from COVID restrictions. Will this prove inflationary for the world economy and potentially undermine the effect of rate hikes as Chinese citizens rush to spend money after 2 years of lockdowns? The impact of these events is worth following closely. Whether the market sees an echo bubble or not, one event that will have a major bearing on short-term market direction is the January 18th announcement on CPI inflation. Many traders will be looking for inflation to come in soft as this will grant risk assets, such as bitcoin, some relief whilst simultaneously causing the dollar and bond yields to fall. Regardless of what inflation comes in at, traders will want to exercise caution in leveraged positions at this time as volatility will most certainly be high around the announcement.
by Coinrule
1