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Relative Strength Index (RSI)

CAD/JPY - 1H - Rising WedgeCAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge . The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support. The Bullish Bias is based on the following signals: Bullish trend (price making HHs and HLs) GMMA: fast MA above slow MA with separation Slow MA acting as dynamic support RSI above 50 and not too near overbought levels OBV convergence with price (uptrend has conviction) Expecting bulls to be in control above the rising support. Go short if the wedge breaks downside. Like & Follow for more such ideas.
Long
by yo_zubair
GBPUSD SWING SHORTGBP USD has been in a persistent downtrend for much of the year as the DXY has been strong. On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13 lines, The relative strength topped up and downturned while on the MACD, the lines have been long below the histogram but in the mast week a K and D lines crossover occurred. I see these as reasons to add to GBPUSD swing short with little risk as compared with intermediate-term profit reward expectation.
Short
by AwesomeAvani
AAPL Megaphone Pattern SWING SHORTNASDAQ:AAPL Apple has been in a megaphone pattern for the last month. It is now at a horizontal and trendline resistance similar to conditions on December 13, 2021. Relative Strength has been high over 80 for much of the month. The MACD signal is high over its histogram, and the K and D lines appear primed for a crossover. Both of these indicators conditions existed back on December 13, 2021. I see this analysis as a suitable foundation for an excellent swing long trade in stock or put options expecting AAPL to fall from the resistance trendline back towards the mean line of the megaphone pattern. In doing so, I set the stop loss at $5.00 above the market price, while targetting the EMA200 or the center line of the megaphone the pattern shown on the chart in black. ( As an aside the AAPL inverse bear fund is AAPD available at a lower price than AAPL In reviewing the AAPD chart I see a reversal from downtrend to an uptrend in the past two trading days with some bullish engulfing candles.)
NASDAQ:AAPLShort
by AwesomeAvani
CSC-HARSI with Alerts for GO long or Short and when to BUYWelcome to the coffee shop everybody I am highly highly highly excited about the new developments taking place with the CoffeeShop Crypto HARSI 2022 Don't let the name of the indicator fool you it can be used on more than just crypto you can use it on all markets or any markets that you choose to use it on. As you know the indicator was released sometime ago and I really want to give a big thank you to all the people who come through Boost the script as well as use it on their charts it's really nice to see you guys doing that and I want to let you know that I get information I get indications of that taking place and I do make sure to follow you because I want to know what it is that you're up to and I want you to see what I'm up to. okay now that we're done with the introductions and all the salutations and make you feel good about yourselfes let's get into what's happening with the CSC-HARSI. Make sure to take a look at the attached video above because you're going to see and hear me discussing the new implementation of 2 types of alerts and indications that show up on the indicator itself. One indication is when it is going to be telling you to Bi-Lo another indication is going to be when it tells you to go long. That is related to people who want to go bullet in the market and Buy Low sell High. "Bi-Lo" Means that the trend is about to reverse or that if you're in a ranging Market you can buy at this very low price. Shortly after that you'll end up getting another indication saying "Go long". This means that you've already bought at the lowest possible price in a safe place and now when it says go long you can set your trade and take profit levels. So "Buy Lo" does not mean enter into the market and set your take profit it simply means that you buy shares at a low price. The other indications that will show up will be simply the reverse of that. One would say "Buy Hi" which means you just accumulate shares or coins or what have you so that you can short them later on. A little while after that you'll get another Indication that says "go Short". This means that you've already accumulated shares at a high value and now you're going to "short" them. In the attached video you'll be able to see how to use the coffee shop crypto and when and how do you use these two separate alerts for example "Bi-Lo" and "Go-Long" or "Buy-Hi" and "Go-Short" As of the recording of this video in the publication of this idea do not look for the information related to that in the coffee shop crypto heart see this is simply an idea to let you know what's coming up next. So in the meantime go ahead add to your favorites from this link and add it to your chart and when I published the new version of the code which will be with somewhere in the next 24 hours I hope you'll get an indication from tradingview and it'll say hey has been an update to this script go and get the new one. At which point you would simply delete the coffee shop crypto from your trading chart, then you would end up going to the Community Scripts and typing in CoffeeShop Crypto 2022 And re-add it to your chart. So again make sure you watch the video that's attached and if you have any questions go ahead and drop them below if you just simply excited about it go ahead link a comment about that below as well.
Education
by CoffeeshopCrypto
10
Bullish ab = cd AUDJPYFrom the failed Bullish Butterfly pattern, I've realised an undercover bullish ab = cd hiding within the pattern. Looking at the the higher time frame, I see the pair is sticking with the predominate uptrend with some minor corrections along the way. I've started to back test a new strategy that has taken the harmonic approach to a world of unprecedented accuracy and precision. Some only utilise this system, where others may use difference concepts, nobody is wrong and each is to their own to determine how accurate and precise they can be. But it is imperative to use a multitude of systems to give higher chance of probability and accuracy to take a position.
Long
by BeaucoupPips
Setting Support and resistance levels using the CSC-HARSI 2022Watch the video to get FULL details and listen to some commentary. Always feel free to ask questions below. I love talking with you guys. Here is how we do it: Set your RSI and VWAP as its Moving average in the CSC-HARSI The lower the RSI setting, the more S/R levels you'll find. So don't set your RSI to a low setting on a large timeframe chart. For example: Dont set your RSI to 9 on a 1hr chart. Commonly I trade off of breaks of the 50 period EMA on my chart so i set my RSI to 50 and my chart to 1hr. 1. Setup your RSI to a 50 period length with source as CLOSE 2. RSI MA Settings: Set this to the VWAP (NOTE you can not change the RSI MA length if you set it for VWAP as it is now LOCKED to the RSI length) 3. Look for places on your CSC HARSI where the RSI and VWAP close at exactly the same level. 4. The close must results in a crossover and NOT a bounce. 5. If the Heiken Ashi close was a bullish candle, you mark a horizontal line on your chart ABOVE the candle 5a. If the Heiken Ashi close was a bearish candle, you mark a horizontal line on your chart BELOW the candle.
Education
by CoffeeshopCrypto
1
RSI Overbought & Oversold Strategy What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell. 5. The RSI works best in trading ranges rather than trending markets.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
Equities at Technical Resistance with BULL Market StructureDJ:DJI NASDAQ:NDX SP:SPX Equities have rallied in June 2022. However, here in the S&P500 chart we can see a patter that is true for all 3 equity indexes. All three indexes (DOW, SP500, NASDAQ) are at a technical resistance level. This means that it is at a price level that it previously attempted, but was unable to cross above. Let's consider that the price action AND RSI oscillator have been making prominent and consistent higher low and higher high which show that the current bull run is STRONG and backed by a bullish market structure. Now that the bullish market structure has carried the price all the way to technical resistance what will happen next? I see three possibilities (1=least likely, 3=most likely) #1. Backed by this strong bullish market structure, the price will close above technical resistance and form a new support level from that previous resistance level. This will also single a continuation to further growth in the markets and a possible end to this bear market. #2. Resistance level will stay the same, price will go down but still form a higher low. Price then rallies back up to the resistance level and proceeds the same as #1. #3. Resistance level will stay the same, price will go down all the way to the support level or even lower. Signaling a continued bear market. I will most definitely be on the lookout for how this level gets resolved.
SP:SPX
by jdm69
The $BTC rally is gaining traction and hitting key levelsI am still bullish on Bitcoin very long term, but in the short run, things are slightly uncertain but starting to look rosier. The bulls seem to be taking control now with BTCUSD now making higher highs and higher lows. It appears that the momentum has switched to the upside as the 20-day moving average has crossed up through the 50-day moving average; indicating a potential change in trend. It has also just reached its .236 fib level at 24,261.96 and has been fighting it. BTCUSD appears to now be at a decision point with 3 choices: 1) Hold & break .236 Fib level and truly establish an uptrend 2) Build a big base with a lot of accumulation at the .236 Fib level as bulls and bears duke it out (setting up for a very large directional move, direction unknown) 3) Lose hold of the .236 Fib level and head lower showing bears still have some control/fight left The previous battleground was the .382 Fib level which is 29,625.82 on bitcoin. The new battleground/key level as previously stated is the .236 Fib level, 24,261.96. Once bitcoin breaks through the .236 Fib level, I believe it will hit my shorter-term price target of 30k.
COINBASE:BTCUSD
by EBITDAtiger
FILUSDT - Oversold (Weekly chart!)I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances are in favor of upside. TImeframe: Weeks Return: Don't know Leverage: 2-3x if you need to use
Long
by unknownpower
1
ATOM/USDHi all, How am I buying ATOM. Bear markets can be very difficult ot navigate. Staying in USD is also beneficial especially when macro economy is not looking great. This is why I fix many DCA levels in order to be prepared for the worst. Remember that bear markets can go lower than everyone is expecting and can be very hard to navigate. In this moment BTC is looking for a bottom so the altcoins can be a little bit less riskier now. Anyway is not the end of the bear market and this one can last until next halving or the macro it will look better. If you like ATOM I use the following strategy: 1. Establish support and resistence levels. (VPVR and weekly candles) 2. Use Fibonnaci (0.886 level or correction between 80-95% maybe higher) 3. Oscillators (in this case RSI is at historically low levels) What do you think about this buying strategy?
COINBASE:ATOMUSD
by cryptoforevery1
Bitcoin macro analysis (BTC/USD Index)Hello how are you? On the long-term chart BTC follows a bullish channel. It looks like he is testing the 38% Fibonacci retracement. I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021. Why did I consider these dates? Explanation below. BTC/USD indexed on Nasdaq As Nasdaq is strongly correlated with BTC lately, I analyzed in a separate chart the price of BTC indexed on the NDX. Also on the same bull channel: As we can see, we have the last bottom on March 9, 2020 and the last top on March 08, 2021. Then, tracing the Fibonacci retracement by joining these dates, we saw that the price corrected until the 50% correction Maybe test again? I don't know. Fibonacci Channel Reached -50% retraction. Stochastic RSI, RSI and 100-month smoothed exponential moving average On the monthly chart the price is in a theoretically cheap region, rarely seen. On the RSI, the indicator broke the historic low. And the stochastic RSI is still pointing down. When it starts to turn upwards it will be a good sign. Another interesting sign is the 100-month regularized exponential moving average, as circled. On-chain data The volume of BTC on the network indicates important points. In the yellow circles, where we had high volume on the Bitcoin network, this foreshadowed a strong swing in price, both up and down. The percent of circulating supply that has not moved in at least 1 year This indicator appears to be reversing downwards, which indicates that the circulating supply that has been idle for at least 1 year is starting to move. We can see an inverse relationship as shown by the arrows. Drawdown In the past there was a drop of 87%, 80% and 82% approximately. Now we're down 70%. Have already fixed everything, or will you test that red diagonal channel, correcting 74% or more? Stable coins dominance (dollar strength in the crypto market) The dominance of the three main stable coins (USDT, USDC and DAI) has an inverse correlation to BTC. When it goes up, the price of BTC goes down, and vice versa. We have a bullish channel on the stable coin dominance chart, and when dominance reaches the top channel, it is usually a great buy signal, as shown in green circles. Dollar dominance in the traditional market Tested 50% Fibo retracement. Hope this helps.
INDEX:BTCUSDLong
by andre_007