Very similar past price-action and quite similar RVGI. Let's wait for RVGI to turn up *This is a counter-alternative to my relatively-bullish view in my other chart (coz yes, TA doesn't predict, only shows possible scenarios)
Right now BCH is making a bull flag. We see the kijun racing down to meet price and should be making support over the next few days. Kumo is acting as very weak resistance at the moment. Stochastic RSI / RVI / TRIX are all moving in a downward trajectory. This would confirm bearish movement down to the plotted price trajectory at the .236 fib line.
Using TK Crosses with the Ichimoku Kinko Hyo settings under, within clouds, and using RSI, RVI Divergences to make several % from the break ups. Most tech stocks obey clouds quite well. Should work on small and large time frames. Buy the bottoms, sell the tops. :)
IBM has gapped up since yesterdays open. Looking at prior earning reports the stock does provide us with the volatility we need to profit off this earning. The RVI is backing this idea with the breakout in the trend. However, the RSI is showing this stock could potentially be overbought and a short-term sell off could occur. Also, the 50 MA is providing the...
Lets go deeper with this analysis for gold D1 time frame. Looking back we recently broke support and dropped to the first 38% fibo target. This fibo appears to have failed to hold and price started to make its way down to the next resistance line which only has two bounces. Naturally we will likely see a third. The price action shows absolutely no indication...
In the 1H chart we see as Tenkan Sen is crossing above the Kijun Sen, it is a bullish signal. As this type of buying signal occurs above the Kumo (cloud), so we can be sure that this is a strong bullish signal. But BTC is showing high volatility, so we need to be cautious. Now, we are waiting a the break up of the 3100 satoshis resistance. Additionally, we have...
Currently I am waiting for price to reach the upper trendline. When price reaches there watch for a clear sign of reversal. Expect an impulse. Catch the wave and ride it. Cheers and good luck fellow traders
The Stochastic's 'first cousin'. The RVI has been shortened to 5 and offset to -1 to better hit price change. I've attached a link with strateguy suggestions. My preference is to trade on 2m timeframes with 2m chart. tradingsim.com You can change length and adjust offset in Inputs.
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...