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Rsi_overbought

up, down then rocketAlmost every triangle an the various intervals from 15 min to 1 day, have seen a rise breakout followed by a dump. The main triangle started before Christmas is closing along with a smaller recent triangle. This double squeeze will give extra momentum to a breakout. I expect the pattern to be repeated with BTC rising and temporarily sneaking through the 13000 resistance before dropping down. The timing will be seen in the 4hr RSI overbuying before the end of the month, dropping down to oversold and pulling the daily RSI into oversold with it. The daily RSI last hit oversold in September and that bounce worked out pretty good (if you had BTC). This Daily RSI event will trigger bots to buy so we'll see a volume increase and sharp rise. To summarise: In the immediate future a risky small long hold Followed by a good short sell Followed by panic selling Followed by large volume buying and a decent long position, with potential momentum mixed with FOMO to break 14,000. Caveat : I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
BITFINEX:BTCUSDShort
by reppac
Short again on EURUSD?!Hi guys, here i am again trying to short this pair. You could think i'm crazy but as always i do my analysis trying to be objective with the chart and here's what came out: we're at a major structure level (both weekly and daily), we are in an overbought condition on the daily, and there's an RSI divergence (both on the daily and on the 4H), we're also at a psychological level (1.23) that could act as resistance, and finally, we've created a double top with a big red engulfing candle at the end of it. I think this is actually a good trading opportunity, at least for my own personal rules. Please, always do your own thought process before entering the market. Entry at the blue line, stop at the red one, targets along with the green lines. If you have questions, or you want to share your opinion, feel free to write here below. Otherwise, see you in the next chart!
Short
by Roker1
7
NZDJPY short opportunityBearish Gartley could give a nice short opportunity. Wait for RSI to brake to the downside, confirming the down move. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise
S&P500 - Third Strongest Run in 40 year - but don't short!Using the Relative Strength Indicator the S&P500 is showing the third strongest run in 40 years... and surpassing the other two in Nov-1995 and Mar-1986. But don't try to call the top... In each case the S&P500 made higher gains, and momentum actually faded significantly before any major pullback. Major pullbacks are preceded by consolidating ranges (i.e. absence of higher highs) and often higher lows. It from these trading range that S&P 500 often fails.
SP:SPXLong
by MVedra
Alcoa completed important pullbackThis is a classic example of a horizontal resistance that becomes a support after a breakout. Alcoa successfully completed a pullback tot the former resistance which has become a significant support now. In addition we can draw a upward trendline (support) under two bottoms. This upward trendline can act as support(stoploss) for the uptrend (long positions). Current RSI level is historically high so we might see a cool-off period after which Alcoa will probably continue its uptrend.
NYSE:AALong
by Spijk
Bitcoin MEGA triangle A huge triangle formed on the Bitcoin daily chart combined with a head and shoulders pattern. Critical support is formed by the 50-day moving average. Breaking the triangle to the upside will most likely result in new all time high's with first target 20 000 - 25 000. Breaking the triangle to the downside will most likely result in a massive sell-off. I think the 10K psychological support won't be strong enough to hold and Bitcoin will most likely fall down towards support levels ranging between 7500 and 8500. The 100-day MA should give good support. Watch for full RSI retracement before buying in. Place pending buy orders at 16K and above. Place pending sell orders at 11.5K and below
BITSTAMP:BTCUSD
by CryptoBobbie1
BTC 1w RSI<30 is long overdueTaking a look at BTC on 1w basics indicates that, despite the superincrease in OBV, an RSI<30 is long overdue. So based on this I think if OBV cannot double (feels impossible) than further downside is coming, and even if it doubles than later it cannot quadruple after. My previous analysis (12.5k for 25th of Dec) feels invalid looking at the big picture, so please ignore that, but anyhow this is NOT a trading advise, I am not a pro, just a biased idea. Always calculate risk, avoid FOMO and have fun, and happy holidays!
BITSTAMP:BTCUSDShort
by bricoleurs
LTCUSDAlbeit my previous prediction was wrong, based on basic indicators (CCI, RSI, MACD and Coppock), I still think that LTC is likely to fall back... However due to the slight increase, my tactics also slightly changed: - week ago my tactics were: entry level ~64, stop sell ~41, exit 1/2 ~91, - by today, it is changed to entry level ~67, stop sell ~56, exit 1/2 ~97. (And yes, LTC is highly influenced by BTC.) FYI: this is NOT a trading advice, just my biased tactics: always use stops and avoid FOMO! (especially nowadays).
BITSTAMP:LTCUSDLong
by bricoleurs
4
GBPNZD bearish long termBearish Bat pattern on the daily could lead price to blue trendline. Wait for a flag pattern before entering with simultaneous RSI confirmation. Since this week is full of Interest Rate decisions, please pay close attention to correlations between your trades to diversify your risk. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise