BTC/USDT - 1H - Bullish ReversalBTC/USDT has been in a bearish trend. The price action has bounced off an important Support Zone that seems to have caused a bullish reversal.
The Bullish Bias is based on the following signals:
Price has stopped making LHs and LLs
Double bottom at support with neckline breakout
GMMA: Slow and Fast MA crossover
Falling Resistance breakout with bullish hammers
Bullish divergence on RSI + strength over 50 and not too near overbought levels
OBV convergence with price (uptrend has conviction)
Expecting bulls to be in control and take price towards the Resistance Zone .
Rsi_divergence
Nasdaq will go down to the support areaHello everyone this is my first idea publlishing in Trading view.
so in my opinion Nasdaq will go down to the support area maybe near 12500 acording to the Ichimoku Cloud and support area.
But in a long term .
And the seceond reason is the RSI shows us the high limit area of 70 touched and it must go down technically so let's see what will happen.
Stay safe from liquidity.
Good luck everyone.
Please support me if my posts are usefull for you.
Microsoft LONG breaking a Falling Wedge and resistance!!!!!Breaking of the Falling Wedge confirmed as well as local resistance (red box), the price is directed towards the all-time highs to attack and overcome them.
RSI crossing UP 50% !
MSFT has always been one of the best companies on Wall Street and its capitalization and upward strength is among the top 5 companies in the world.
Go up!
LPI.sa
Important price points for TASI 1214 Shaker Weekly ContinuedShaker TADAWUL:1214 continued to rise after spotted RSI divergence.
Price has crossed resistance points 21.12 and 21.54 and now trying to reach 3rd point at 22.86 which intersects with the lower trend and resistance point at RSI.
In case of breakout the following are potential targets 24.74 channel point and 27.12 point of triangle breakout
supporting points are previous resistance points 21.54 then 21.12
RSI BAMM AUDJPYAs I'm currently back testing this concept, I've decided let this concept go out for spin. The 1.618 level was triggered right on the opening of Asian session before heading bearish as the RSI indicated this pair is overbought. This is potentially one of the ideal scenarios you'll want on the RSI readings. Again it's imperative not to treat this as a holy grail and must have multiple influences to increase the probability that price has reached the turning point.
Important price points for TASI 1214 Shaker WeeklyTASI TADAWUL:1214 1214 Shaker
After target reached for 1st bearish flag and near 2nd bearish flag a divergence using RSI divergence strategy as shown on previous post.
Updated Logarithmic and Fibonacci Multiples with possible targets are indicated on the chart.
MACD and RSI points are also indicated.
Current price 20.84 is at center point of the horizontal channel.
Head & Shoulders Pattern Formed on GBP/USD !! #ShortHead & Shoulders Pattern on GBP/USD !!
The Head & Shoulder Pattern seemed to have formed on 4 Hour, I will wait for
Retest of Neck-Line before Shorting GBP/USD .The Risk to Return ratio is 1:3. It can be a really good trade if executed correctly.
Target is chosen by Measuring the Distance between Neck-line and the Head , further the same distance is then used after Break of Neck-line to establish correct Target area.
Stop loss is set where the Price is least likely to get hit hence the 1:3 RR.
note: Do your own analysis before taking the trade.
Analysis based on;
1, Price Action
2, Chart Pattern
3, RSI - Overbought/oversold zone
4, Candle-stick Pattern
Time frames used:
1 Hour
4 Hour
How to trade a fast moving YEN pairThe YENS have been going nuts.
From moving 50 pips a day it has started to move close to 120 - 190 pips.
This means when we trade, our stop loss needs to be wider and hence the position size smaller.
We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down.
Hopefully it will hit the bottom for a 300+ pip ride.
Good luck!
DYDX/USDT : Correction is must before the next leg upBINANCE:DYDXUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
Our Last call on $DYDX has been got stop-hunted and today we'll enter positions based on invalidation and hold triggers only.
Currently, $DYDX has formed an ascending channel, And based on the data we have, There's a bearish divergence formed from 29th July to 1st August.
Also, it could be a good entry zone to locate Longs towards the higher bearish base, As $DYDX has formed a bullish order-block below at $2.00
So, In terms of using both scenarios;
- There's a Short opportunity to $2.20 with an invalidation as hold above $2.84.
With a local Long position with an entry zone from $2.30 to $2.10 with an invalidation as hold below $2.00.
- There's also an aggressive Long setup after getting the invalidation above $2.84 with the Same stop-loss below $2.00.
You can have your bullish run from the current market price or lower, But you have to manage the Risk/Reward Ratio too!
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades