Stochastic-bullish-divergence
Feast ur eyes, see for yourselves! Maybe be a 'lil reversal? It's early to tell if this is a SHORT TERM reversal for this gorgeous fledgling stock. In long term months it may go up. In the medium term it may go down. in the short term it may go up.
It's trading lower today. I have it going down on the daily and weekly chart. However on the 4 hour it looks like it MAY be reaching NEAR relative bottom/support. It went v high so it will take time to consolidate. I don't want to make any public predictions about how long the bearishness will last. However, I will say that my strategy is a yolo diamond hands HODL. I will HODL this stock and grab more. Specifically, I am buying more call options for January 2023. NOT INVESTMENT OR TRADING ADVICE.
Could it be a long term yum yum style?
Do your research!
Not trading advice!
Bullish cross on Monthly Stoch. RSI >> End of bear market? A simple yet very powerful indicator could be the Monthly Stochastic RSI.
We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even if this indicator shows a bearish cross again, it will be temporary and the BTC price will just attempt a double bottom at the $3.1k levels (we see almost the exact fractal in the previous bear market)
In summary, I believe there is some good merit that this indicator (Monthly Stoch RSI) actually points to the official end of the bear market.
#stochasticBullishMonthlyDivergence
#HODL !
USDCAD Long Term Trade(Est 60 days)There are 3 confluences indicating a possible 4000 pip trade.
1.The weekly candle is showing a bullish signal indicating a Bullish reversal.
2.The stoch oscillator also shows a divergence which also further strengthen that the pair would go bull.
3. The price has reach the bottom of the upward trendline. This further indicates an increase in price.
This trade will take around 2 months to reach its estimated outcome. Be patience to earn those big bucks. Happy trading everyone!