BCH Price AnalysisRight 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.
RVI
Long Strategy for Twitter and other Long Term bullish A+ StocksUsing 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. :)
Earning play pt 2IBM 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 support for the stock. Potentially, a short and long hedge could be played here.
Indepth Gold AnalysisLets 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 that we will stop here and there doesn't appear to be any kind of resistance here.
PLEASE NOTE: "I dont have the indicators displayed on this chart. To see the full visual of the analysis go to www.precisiondigital.ca it is on the home page."
Looking at a full tool chest of indicators we can see much of the same thing:
The MFI so heading south, is below 50 and shows no sign of letting up. We will likely see a spike down with some price action if/when it hits the oversold mark.
The RSI has just hit oversold and generally speaking is still pointing down, although the very moment we see a little softness. Because of the MFI, I suspect the RSI will rise slightly and smash back through over sold territory. This will also cause some price action down.
The OSMA shows great strength for the bears and indicates that we are still very much heading downward. It is rising and well above the zero mark.
The RVI has recently broken support and is slightly below the 0.00 level. If it continues lower, this would indicate that the bear push has just begun.
The Stocastics is oversold and starting to turn up indication that the bull wave may be close. This means we might see some short term stalling until it turns back around. In conclusion I am fairly confident that we will be seeing some more bear movement, at least to the support level at approx. 1228.
With the indicators the way they are, we could easily pass that to hit one of our other support level targets at approx. 1210 and 1194.
Always remember to manage your risk properly and avoid chest pains. Try smaller lot sizes for a while, you just might like it. Good luck!
Trading idea for SYS/BTC LONG - Current price 3050 sats.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 two additional signals from MACD + EMA and RVI. We can use MACD+DI as an extra confirmation method and now we can see a green point (buy signal).
The RVI also is indicating buy.
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Buy: As explained above. ~ 3105 sats.
Take-profit: You are free to decide, but avoid greed. See the graph for reference.
Stop-loss: ~ 2885 sats.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
Great Opportunity To Short NZDUSDCurrently 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
Fist's Offset RVIThe 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.
June is the Bullish Pennant 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 some reading:
www.trending123.com
This could go on into July, however I'd like to believe that we should finally break this downward trend line on news by the end of the month.
StochRSI is low and signaling buyers. However, it has done this during the downtrend before and been really deceiving. I don't trust it anymore.
MACD is in the green and crossed over awhile back (uptrend)
RSI is at 53.92 so we could go either way which leads me to believe more consolidation.
RVI is 63.31. which is about right considering the "volatile" consolidation.
Stochastic is bottoming here which is a good sign signaling that we're going to see some buying to push us out of the triangle.
Our 15EMA is closing in on the 50MA which previously during the downtrend performed well with my shorts in signaling when to sell. In this case we're in the opposite scenario where it should be signaling us to buy as the EMA closes in on the MA.
The safest trade is to wait for a breakout above the downward trend line and go long, however if you're into trading smaller time-frames attempting the pennant's price movements may be for you.
GLTA.
