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Rsi_oversold

Long opportunity on GBPCHFHi guys, if you look left you can see that the zone we're testing now is a very important one, that acted both as support and as resistance multiple times. As you may know from my previous analysis, i usually look for trading zones on the daily chart and then go on lower timeframes searching for an additional confirmation of that bias. In this case i want to go long, and on the hourly timeframe you can see there's a double bottom with RSI divergence that supports my view, toogether with an RSI oversold touched on the daily and an engulfin candle on the 4H. Order placed at the blue line, targets as shown and stop at the red line. If you have ideas/questions, feel free to share below. Otherwise, see you in the next chart!
Long
by Roker1
1
$BTC - Midterm bullish Falling hammers on the red candlesticks, showing support. Bounced off the Fibonacci speed arc. Green candle developing on the 38.20% retracement. MAs have crossed, their values are almost arbitrary but do signify that we are not on a bull run just yet. It looks like it can go either way, but good news is coming forth. twitter.com "#Bitcoin tweet #mentions increased yesterday evening. Follow other #Altocins on www.bittsanalytics.com platform" coinidol.com Singapore Airlines to Adopt Blockchain Tech for its Loyalty Program www.coindesk.com Crypto Industry Reacts to US Senate Hearing Remarks "Bullish." "A sigh of relief." Listening to the hearing, I was glad to hear that they wanted to be able to protect us from scams. Many of us in the crypto space prefer decentralization, but it felt like a middle ground was met when it came to regulations. Hopefully they won't go too far.
BITSTAMP:BTCUSD
by NeoButane
1
BTC is ready to rally, so keep your eye on the AltsBTC has had a massive dump recently, as we all know. I myself have been burnt by this, getting too emotional and focusing too much on alt-coins. Mea culpa, mea culpa, mea maxima culpa. All that being said, the best time to buy is when there's blood in the streets, and there's absolutely blood in the streets right now. Looking at a daily chart of BTC we see a bounce every single time RSI dips below 20. While history doesn't repeat itself, it does imitate itself, and since we are also seeing other oversold signals as well as a massive volume spike and hammer, it's a reasonable assumption we have found bottom. We may slip a bit, but now is the time to re-enter the market long-term. Think 1 year from now. Finally, the SEC notes from yesterday were extremely positive. Watch this senate hearing live, and you may be pleasantly surprised in 24 hours! I still believe alt-coins are where the majority of profit lies, and will be allocating my portfolio appropriately. However, I've learned my lesson - follow the king. And the king is about to rise. Strategy: Long-term entry into market for remainder of year, while focusing on alt-coins for profit and increasing BTC stack Basis: RSI oversold on daily, at supporting trendline, massive volume spike, hammer candle. Entry: half this morning, re-enter fully after senate hearing.
COINBASE:BTCUSDLong
by calcie
BTC Price bounces off an old trendline from back in JulyBTC has been very oversold on RSI as of a late so a bounce was to be expected. It also happened to bounce offf of an old trendline(pink line) that can be traced back all the way to July. In this bear market we've seen many "dead cat bounces" so far though so best to only ladder in a little at a time with the pink trendline suppport of 5960 being where you buy in and maybe take profit around 6425. I'm not getting my hopes up that this is going to be the big bounce and instead I expected we could go slightly lower into the 5000s...if so it wqill likely happen reach that target in the next few days unless we can bust through some of our former resistance walls and turn those back into lines of support.
BITFINEX:BTCUSD
by DrDovetail
BTC Done corrections? I think so.Bitcoin has been on a massive downtrend, and it feels like it never ends. However, there are some good signs that the bottom could be near. First, the RSI is sooooo oversold. Usually, when the price reaches this level, it just snaps right back. The RSI is also at a key support area that held multiple times in the past. Looking at the MACD, we see bullish divergence (aka convergence). The lows get lower, but the MACD fails to get lower. That means that the bears are actually losing momentum. The volume is also picking up, which means a lot of people (and money) are showing interest. In addition, the ABC corrections seem to be complete. I count five waves (blue) in wave C and even five subwaves (light blue; see chart below) in the fifth subwave (black) of the extended fifth wave (blue). The fifth subwave (black) is almost exactly a 1 to 1 Extension of subwave 1 (black). That is very common fifth wave ratio and could signal the end. If I break it down even further, we see five sub-sub-sub-waves! The fifth wave is an expanding ending diagonal. What rare pattern to seal the end! Sometimes we need to look at the big picture. We should not panic and look at the price every 5 mins if we're not day trading. We have not completed the fifth cycle wave, and I don't think we are even close to the very top. The question is am I right? The answer is probably not. What I'm doing here is called "catching a falling knife". No one can predict the exact bottom, and I could be far from correct. There are still bearish signs. For instance, Bitcoin just broke a key support level, which happens to be the bottom line of a falling wedge. That is an extremely bad sign. Usually, you want to buy on confirmation of a breakout. That would mean Bitcoin needs break 10k. However, for the risky and daring traders like me, this presents an interesting setup where we try to buy to bottom and make massive profits (if we're right). According to my analysis, $6230 should be around the bottom (This is just an complete guess for giggles and the memes). Aggressive Play: Entry: $5000-$6500 Target: $30,000 Stop:$4500 Time: Less than 6 months Conservative Play: Entry: Buy when Bitcoin breaks $10,000 with volume. Target: $30,000 Stop: $9000 Time: Less that 6 months.
BITFINEX:BTCUSDLong
by aoeuaoeu
1
BTC reaches oversold level but ... .... of course, that is not a garantee that BTC is going to bounce from here. Only the likelyhood is bigger. As I said in my post from yesterday, BTC is near important long term retracement level. The numbers are 7338 and 7698. What is new today, is that the RSI(14 ) is officially in oversold territory with a reading below 30. That all matches with a scenario of a (final?) leg down towards the lower fibonacci level I mentioned. (Remember, fibonacci is tricky sometimes as markets tend to exxagerate). Although I just went long for a very small position, I'm not in the business of catching a falling knive, exept for very small positions. There will be plenty of possiblities to re-enter the market. --------------- Of course, this is not a recommendation to buy or sell. For educational purposes only (and it's best to learn from other people's mistakes, not your own mistakes!). Do your own analysis and consult with you personal investment advisor at your bank before investing crypto currencies. -----
BITFINEX:BTCUSD
by mrclvndnbrk
Possible bounce at 7,5k-8k levelsOkay, so the market is dropping, people are publishing charts about everything is going to be okay. They 'rally' is starting soon. We're currently 'fueling' the rocket. Let's look at some charts and be realistic. Let's look for patterns, symmetry and possible situations - and not what we are hoping for but how the crypto market is behaving right now. So in a bear market - especially this one - people are trying to find the rock bottom to invest in. This is why we see the price stalling for a short while before crashing again. Now, if we look at the chart. You will see 3 green squares with a purple line in it. This line is to measure the length of the downfall before we meet bulls again. If we look at the third square. It is possible that the market will go to between 7,5k-8k before we'll see any short-term uptrends. The million dollar question is: Will the next bounce be the last one? I can't tell you, but I can tell you there will be a bounce and it's around the corner (7,5k-8k to repeat), so if you going short-term it's a good opportunity. We can observe the RSI for a moment and it is currently OVER-oversold, so we'll see some upwards moment soon, but hopefully, this is where people start investing a lot of money, so the bounce will hold. That's all for now. Good luck out there. As always this is only an idea - not necessarily true - but patterns and symmetry is what drives a market ;)
by fred0002
1
Long opportunity on CADCHF!Hi guys, as you can see, the yellow box represents a good structure level that seems to be holding price above it. On the daily chart the price has gone oversold at the first touch of the zone and it's now creating a nice divergence on the 4H along with a double bottom. These are all signs that add together and that give me confidence about this trade. Please, make sure you use your own head, this is a counter trend trade, could be risky! My entry is at the blue line, targets and stops as shown. If you have ideas/questions, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1
3
Long on CADCHF?Hi guys, as you can see, the yellow box represents a good structure level that seems to be holding price above it. On the daily chart the price has gone oversold at the first touch of the zone and it's now creating a nice divergence on the 4H along with a double bottom. These are all signs that add together and that give me confidence about this trade. Please, make sure you use your own head, this is a counter trend trade, could be risky! My entry is at the blue line, targets and stops as shown. If you have ideas/questions, feel free to write below. Otherwise, see you in the next chart!
Long
by Roker1
3
XAGUSD potential buyBullish Gartley is almost complete with RSI ready to confirm. Major trendline could give price an extra push towards breaking high. 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.
OANDA:XAGUSDLong
by InvstingWise
Bitcoin on its way to break resistance levelsIf you have been watching POLONIEX:BTCUSDT in the past days you will see a strong support level at 10k with a current trend line going up as rayed out on the chart. If it doesn't break the current trend line before crossing the yellowed stripped resistance line then things are looking good with a positive upwards signal (at least 13-15k ). The goal is to break the red resistance line where I would say 15-20k is looking promising, if it doesn't break and only test these levels, we might see downwards movement for a short while before crossing 15k. So if you are day-trading I would suggest selling if we don't break through the red resistance line and looking for a re-entry to earn a small profit at (11k-12k levels, when testing 15k). For long term investments we are looking good with an upwards trend line about (2 months and 15 days old) with strong support levels at (8k and 10k). We also see RSI indication 1-day chart that it's still oversold and MACD at its turning point to upward momentum I will update this chart as we go if it breaks current trend line and a prediction has been drawn it if it doesn't. This only an idea not necessary what's going to happen, just my analysis and prediction - open for suggestions.
by fred0002
KOREBTC inverse Head&Shoulders An inverse Head&Shoulders on a day chart is followed by another H&S pattern. The price is below Fib 0.236 Resistance level, while RSI indicates oversold zone. So there could be 2 scenarios: it either will go down to the support line near the 0.000218 or will grow further and in case of breaking throw 0.000574 level will grow to the targets mentioned in our signal. However, on the 30 minutes chart the TA is optimistic, we recommend to wait and carefully track this coin till it goes above the resistance and consolidates there.
K
by Skyrexio
1