Get started

Rsi_oversold

TSLA - RSI is a pretty useful indicatorWith TSLA, backtesting the overbought and oversold signals of the RSI (especially the 80/20) shows it's been pretty reliable in providing buy and sell signals over a longish timeframe. Trading using the RSI alone is generally thought of as being a bad strategy, but with a couple of confluent signals it could be pretty useful here. Some stocks seem to favour the RSI more than others. We could also see some divergence (which I need more time to learn properly!) I'm learning Technical Analysis and how to trade generally, but this one seems like a strong signal to watch for this stock. Of course these types of signals would probably work much better while the stock market is generally strong. I'm always open to education, criticism or ideas!
NASDAQ:TSLA
by optimystery
Decred: it was not named BitcoinSuite by chance!In the first half of 2019, investors in crypto-currencies returned to fundamentals: The market speaks for itself about altcoins which are mostly empty shells. In 2019, obviously the market is not mistaken and plebicite essentially, not to say exclusively, the only cryptocurrencies that have the characteristics of RESERVES OF VALUE: Bitcoin and Litecoin. If we could talk about digital gold for Bitcoin and digital silver for Litecoin, I'm wondering for some time what would prevent creating new Bitcoin with the same characteristics of value reserve, deflation, with a well-defined max supply (21 Millions for Bitcoin), always with the security guarantee of the Proof of Work (POW) but less centralized in the hands of some minors, less energy consuming, with slower transactions... And to this question, after days and days of research, I found only one coin that meets all these ideal criteria: it was named "Bitcoin Suite", it is also limited to 21 Million units, but with decentralized governance (complementary voting system) in opposition to the centralization of minors on Bitcoin, transactions twice as fast (5 minutes instead of 10), much more secure by comparing to marketcap equal, all thanks to a hybrid POW + POS for the best of both worlds... and this cryptocurrency is called since 2016: DECRED!
D
by MaxHodler
1
2nd part of my scenario: a rising wedge = $9400 then $6900The first part of my scenario link below had an Ascending Triangle (in white) and its Pullback (in yellow) (RSI 14 oversold) with a bullish target @ $ 9400 early June. After that, I consider a bearish reversal at $ 9400 (RSI 14 overbought) with the formation of a taller Rising Wedge (in red) and its bearish target @ $ 6900. DISCLAIMER: This is not an investment advice. Do not listen to any "prophet". Invest only what you are willing to lose.
BITFINEX:BTCUSD
by MaxHodler
2
GLD Fibonacci Repeats Nov-Dec 2016 To The Penny! What's Next?Hey all.... Well, the RSI divergence from my last chart crashed and burned, however, it has revealed an anomaly I had to share. GLD has just moved the exact same distance as it did in November and December 2016. On the Weekly chart, this is also the last time RSI was this oversold. Also, while not exact, there was a similar wave structure preceding the move in 2016 to what GLD has done over the course of 2018. In 2016, GLD fibonacci lines went from 124.45 to 107.18 for a 17.27 move In 2018, GLD fibonacci lines went from 128.39 to 111.12 for a 17.27 move What's Next? Back in 2016, GLD hung around the bottom for a week and then retraced 50% of the move in the three weeks after that. Applying that to 2018, GLD would retrace back up 50% to 119.75 in about a month. Will history repeat? It will be interesting to find out... Consider opening a position on GLD call options for end of September expiration. You can set a tight stop, as this particular idea will either repeat, or it won't. Hope we see a repeat and hope it serves you well. Travis JMJ - UIOGD
AMEX:GLDLong
by Procinctu
When to buy & hodl, when to sell & wait... in a simple equationIt's so cliché but... if Bitcoin was actually subject to repetitive cycles? According to this hypothesis, we would then have the following "algorithm" for investors: WHEN (RSI14 > 90) AND (MA9 > MA20) THEN IF(1st Occurence == True) THEN // Bear Trap! WAIT (OR... SELL and BUY the correction soon after) ELSE // 2nd Occurrence = Bull Trap! SELL and WAIT WHEN (RSI14 <40) AND (MA9 < MA20) THEN // Oversold RSI and EMA Cross Strategy BUY ZONE Too simple, too basic? perhaps... :) (What you can add a dozen other buying indicators by reading my related ideas)
BNC:BLXLong
by MaxHodler
2
EURJPY possible Long opportunity!Hello traders! In the last month the EURJPY has created a Bullish Support trendline. The price of the EURJPY is getting close to this area again, and so we should expect a bullish bounce up from this trendline. MACD is already crossed but I think it's a fake cross and the price will drop down just a bit and then it should make a nice cross. RSI is going Oversold. I would recommend placing your stops below the Support level that you can see on the chart and placing your limits below the last big Resistance level and that level is around 125.90. I wish you the best of luck with your trading :) .
Long
by JanMachacek
USDCAD possible Long opportunityIn the last month the USDCAD has created a double bottom in the significant price reverse area that has been tested many times in the past. The price of the USDCAD is getting close to this area again and that means that the price should bounce Long, when it gets there. RSI is Oversold. The confirmation of this trade would be the cross of the MACD at -0.004 down to -0.0075. I would suggest placing the Stop of this trade at the lowest level of the price in the 16. of november 2018. I wish you a good luck with your trading :) .
Long
by JanMachacek
BTCW V.1 Chart - Heikin Ashi, MA 20, 50, 100 & 200, RSI & MACDOverall Summary: Overall I am bearish. Bitcoin is trading in the $3600 to $4200 range during the last week, 81.5% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current downtrend. The price is closest to the 200 MA with a trend towards the 200 MA. The volume has decreased slightly over the last week, which is support the current price action. While the RSI and MACD is is also in confluence with the price action over the last week with both signalling bearish price action. Detailed Summary: This chart uses weekly Heikin Ashi Candlesticks with 4 MAs (20, 50, 100 & 200), RSI & MACD. Heikin Ashi candlesticks are great for trend and swing trading. Heikin Ashi means ‘average’ in Japanese because these candlesticks ‘average out’ price action vs traditional candlesticks that are based on OHLC (Open High Low Close). By averaging out price action this candlestick style reduces ‘noise’ and generates a much smoother chart pattern. This is helpful for trend traders as it is easier to identify the key trend in the market and to ignore smaller price volatility. During the last week the price has ranged by $500, opening at $4000 and closing at $3600. The price has decreased over the period which is a continuation of the long term price trend. The price is closest to the 200 Moving Average and during this period it has trended towards the 200 Moving Average. The 50 Moving Average is currently acting as resistance while the 200 Moving Average is acting as support. The key Support and Resistance areas are $3686 and $4185. I forecast that price will decrease over the next week. Volume is a key indicator that I use to understand past, current and possibly future price action. Unfortunately a majority of the exchange volume is fake ‘wash’ trading so it is important to rely on data from reliable exchanges like Binance and BitFinex. Volume that supports price recent action helps strengthen my belief in a specific trend. During this period volume has decreased in confluence with the recent price action. On a longer term time frame, the volume is in confluence with the long term trends. I forecast that volume will decrease and this will support a decrease of price over the next week. The RSI is a popular momentum based oscillator that helps us identify what stage in the security’s oscillation cycle it is most likely at. So after identifying the key market trend we can then apply the RSI to forecast future moves in price action (in terms of velocity and magnitude). This indicator is useful determining entry and exit points, for trend traders like myself, it is used on longer time frames as it is much more reliable. Most of the significant price action occurs around the 30 and 70 areas and ideally what we are looking for is divergence between the price action and the RSI. During the period the RSI increased/decreased/consolidated to X and it is in confluence/divergence with the recent price action. It has demonstrated a bearish failure swing is when the RSI rises above 30 (considered overbought), RSI drops back below 30 then RSI rises slightly but remains below 30 (remains below oversold) and finally RSI drops lower than its previous low. I forecast that RSI will decrease over the next week and this indicates decrease of price over the next week. The MACD is a popular trend following momentum indicator that can help identify a security’s momentum, trend direction and duration. is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 day MA) and the second is called a Signal line (9 day MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 day are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. During this period the MACD has decreased in confluence with the recent price action. The MACD line remained below the Signal line which was a bearish trend in convergence with the price action. The histogram is trending towards the Zero line which was a bullish trend in divergence with the price action. I forecast that MACD will decrease over the next week and this indicates decrease of price over the next week. References: Heikin Ashi concise summary - www.investopedia.com Moving Average concise summary - www.investopedia.com Support and Resistance summary - www.investopedia.com Fake exchange volume summary - www.blockchaintransparency.org RSI concise summary - www.investopedia.com MACD concise summary - www.investopedia.com
BITFINEX:BTCUSDShort
by CarbiArbittrage
BTCUSD 1D Heikin, RSI and MACD - 1 Month trend review.This chart uses Heikin Ashi Candlesticks with CM TrendBars (21D), EMAs (9,15,21,55), RSI (13D, 80/20 ranges) and a MACD indicator. Most trend traders are familiar with Heikin Ashi candlesticks. HA means ‘average’ in Japanese because these candlesticks ‘average out’ prices vs traditional candlesticks that are based on OHLC. This has two benefits: it reduces noise and produces a smoother looking candlestick pattern. Which helps trend traders identify key trends and ignore smaller time frame and/or less significant price action. Obviously day traders would not find HA very useful. Over the last month we have seen price action trade within a 1k USD range and the first ‘bullish’ month after several months. For the 1st half of December it was all bearish as we hit ALTs for 2018, except for a weak bullish spinning top on the 9th (that correlated with a significant bullish MACD crossover). A price reversal started on the 16th and ran through to the 24th, a Christmas present of sorts, before the market inevitably dipped during Xmas and New Years. The new year has shown bullish price action on the 2nd and 3rd of January (with my CM TrendBars colour code indicating all green) but they are still posting lower highs than the previous two price oscillations. Volume over the month has been 'green' on only 10 days but that has the most bullish we have seen for month's in the downtrend. We saw significant bullish price action even though a majority of the days were bearish. This could indicate that few want to sell at this price and a small bump in ‘new’ volume had a amplified impact on price. It is also worth noting that there is a massive amount of wash trading occurring which is distorting data and we could be looking at a fake pump (lots of theories including a BCH/Bitmain pump). It also worth noting that after only a 4 day bump in volume, it has tapered off for 8 days now and is at the lowest levels since the 13th of November (the day before we had the last massive price dump). Remember that weak volume goes hand in hand with weak trending (price consolidation and sideways action). For how long before another breakout is the question? IMHO Volume this low tends to indicate that it can’t be long and it the breakout could be bearish. The RSI depicts the historical and current strength of price action of a security. After identifying a trend, we can then apply the RSI to help identify what stage in the oscillation cycle and therefore possible future velocity/magnitude moves. Note that the longer the time frame, the more reliable the RSI signal is. An alternative to the RSI, is the Stochastic RSI, which is kind of like the RSI on steroids and it is much more sensitive and therefore more likely to deliver false signals. For a trend trader, this is not ideal. The RSI axis is from 0 - 100, with the below 20 (oversold) and above 80 (overbought) been the real action points IMHO. When the RSI is hovering around 50, this is a neutral zone. The RSI over the last month has provided some valuable hints of future price action. We saw a bullish failure swing play out as it crossed the 30 RSI, then bounced three times above 30, before rising to 55. The 3rd test of the 30 RSI on the 16th of December was really a clear sign that we were going to see some bullish price action. From the 20th the RSI has hovered +/- 5 around the 50 point RSI indicating no clear direction in the market momentum or velocity. The small bull run has effectively lost momentum already (it is worth noting during the Xmas and NY period, many stop trading). I think that the next few days will be critical, if we see the RSI down trending to say 30-40 while price remains sideways (divergence), this could indicate future bearish price action. The MACD (Moving Averages Convergence Divergence) indicator is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 day MA) and the second is called a Signal line (9 day MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 day are equal. The MACD, that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. Learn more about this at Investopedia. The first thing I look at is the Histogram as it is visually clear and it most often precedes MACD/Signal crossovers. The histogram flipped from a clearly bearish position on the 26th of November, crossing the Zero line on the 2nd of December. It remained around the Zero line until the 16th of December, interestingly enough while BTC price declined a further 20%. The reason why the Histogram did not turn more bearish during that 20% drop is because it combines averages from the 26 up to now, and the bearish price action had been high during the early part of that period, therefore it averaged out. Then it became clearly bullish on the 16th of December until the 24th, before reversing its trend now to just above the Zero Line. The MACD bullish crossed the Signal line on the 2nd and then again the 9th of December, when we saw a significant bullish spinning top, and has continued it’s bullish trend towards the Zero line ever since. This could just reflect a bullish short term bounce, or price retracement, or it could signal a longer term gradual price reversal. The longer the MACD remains around the Zero line, along with the Singal line, the more bearish I become. Overall I am neutral to bearish. The charts indicate a weak bullish reversal, but it is not backed up by volume. The RSI has pulled out of oversold territory but has firmly remained within the neutral zone, the MACD is approaching the zero line but it sat on that for weeks before the price collapsed on the 14th of November. The longer it takes for me to see significant volume and then price action, with corresponding RSI and MACD, the more bearish I will become.
BITFINEX:BTCUSD
by CarbiArbittrage
$LTC also showing 90% off of ATH , huge plays in 2019$LTC has been following $BTC down as we near 2019, but we are much farther from ATH on litecoin than Bitcoin. The RSI is again showing somewhat oversold signals at -20, indicating we could see a crossover event in the next few months or weeks. Seeing these prices again might be unlikely, so do your own research and find the trends that fit your trading style. I see this as a bottom, so over the next few weeks I will be adding to my position. If there happens to be a market correction impending on the Stock market and other Financial sectors , then the option of buying crypto will become less about risk, and more about adapting to the new form of currency.
BITFINEX:LTCUSDLong
by TheRealOctosquid