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Stochastic RSI (STOCH RSI)

Dow Jones: either up or downThe index is at the 21.4% Fibo retracement (March 23, 2020 retracement to the last top). In the inverse retracement from January 3, 2022 to June 13, 2022, the price seems to have corrected in the region of 38.2%. And it is in a bullish channel which in this context can be called a bearish flag. The Stochastic RSI is retesting a resistance for the third time. What to expect In a bullish scenario, it is necessary for the price to fall at most to halfway through the channel, and remain above the 21.4% major retracement. If it breaks the 38.2% inverse retracement, it will at least test the next 50% retracement. Now, if it stays in the lower half of the channel, there is a higher probability of going all the way to the 38.2% retracement.
DJ:DJI
by andre_007
Bitcoin macro analysis (BTC/USD Index)Hello how are you? On the long-term chart BTC follows a bullish channel. It looks like he is testing the 38% Fibonacci retracement. I placed the retracement considering the bottom of March 9, 2020 and the top of March 08, 2021. Why did I consider these dates? Explanation below. BTC/USD indexed on Nasdaq As Nasdaq is strongly correlated with BTC lately, I analyzed in a separate chart the price of BTC indexed on the NDX. Also on the same bull channel: As we can see, we have the last bottom on March 9, 2020 and the last top on March 08, 2021. Then, tracing the Fibonacci retracement by joining these dates, we saw that the price corrected until the 50% correction Maybe test again? I don't know. Fibonacci Channel Reached -50% retraction. Stochastic RSI, RSI and 100-month smoothed exponential moving average On the monthly chart the price is in a theoretically cheap region, rarely seen. On the RSI, the indicator broke the historic low. And the stochastic RSI is still pointing down. When it starts to turn upwards it will be a good sign. Another interesting sign is the 100-month regularized exponential moving average, as circled. On-chain data The volume of BTC on the network indicates important points. In the yellow circles, where we had high volume on the Bitcoin network, this foreshadowed a strong swing in price, both up and down. The percent of circulating supply that has not moved in at least 1 year This indicator appears to be reversing downwards, which indicates that the circulating supply that has been idle for at least 1 year is starting to move. We can see an inverse relationship as shown by the arrows. Drawdown In the past there was a drop of 87%, 80% and 82% approximately. Now we're down 70%. Have already fixed everything, or will you test that red diagonal channel, correcting 74% or more? Stable coins dominance (dollar strength in the crypto market) The dominance of the three main stable coins (USDT, USDC and DAI) has an inverse correlation to BTC. When it goes up, the price of BTC goes down, and vice versa. We have a bullish channel on the stable coin dominance chart, and when dominance reaches the top channel, it is usually a great buy signal, as shown in green circles. Dollar dominance in the traditional market Tested 50% Fibo retracement. Hope this helps.
INDEX:BTCUSDLong
by andre_007
DAL 46.64 ShortFundamental Analysis With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent Covid variants causing havoc. Technical Analysis Price volatility since last year month-to-month. Price is in a downtrend at resistance level of 46.64. Widening channel with no breakout creating lower lows in the price without higher highs. This is a bearish trend in the near term. MACD is flat near the zero line. RSI level at 51.80. A breakout here can signal a potential upward momentum, however confirmation with a breakout at 46.46 is also needed. Stochastics showing mixed readings so it's not valid. Fibonacci retracements showing lows have retraced to 23.6 while resistance at 61.8 level has remained steady. Candlesticks showing that every time there has been a push to the upside, a doji star has confirmed a reversal on several occassions.
NYSE:DALShort
by ashpat86
Long various alt coins soonHello everyone, I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year! Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in. In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior. That is it for now. If you have any questions, please feel free to ask. Wishing you the best!
Long
by jbrelin
5
Closing the Week (1/14) Above The Trend Line with MA's Curled UpTrade at your own risk. My analysis is bullish. We've got a green week candle about to close above the trend line, the 100 & 200 day moving averages on the week chart about to cross, the Mac D & Stoch RSI on the week looking decent to pump, moving averages strongly curling & trapping on the month, similarly on the 3 month. My target would be 200 day moving average on the day chart (as it hit during last years run) or slightly lower due to the MA coming down sharply on the 3 month, right around $14.50.
NYSE:BBLong
by UnknownUnicorn1935796
action packed chart of COST; to the moon off earnings!Bullish inverse head and shoulders formation on the daily chart for Costco. Earnings around the corner with expectations of a huge beat. Costco has their membership fees/incentives to help protect margins as inflation becomes a factor in everything from supplies to freight. Earnings whispers are $2.44 a share with a consensus of at least $2.28/share. Stoch RSI compression repeated itself. The last time Stoch RSI compressed/consolidated right before earnings it went on a huge 18% run over the next 98 days, 27% over the next 186 days, and 22% by the next earnings report (196 days later). "History doesn't repeat itself but it often rhymes" I expect a similar breakout on earnings with this repeated pattern although price action has been terrible this earnings season even with beats & good guidance. COST could be the exception. Probably smartest to play it through options to risk less. www.earningswhispers.com
NASDAQ:COSTLong
by EBITDAtiger
13.8k or 7.8k? ~ DECISION TIME FOR BITCOIN IN THE NEXT WEEK -Yurlo Please SMASH the like button if you appreciate the visuals I've provided for you today 👍 I've got both scenarios CLEARLY painted for you guys (bullish and bearish bias) In the next week I'm sure we'll get a better understanding on the market direction and what's in store for the month of October. With the US elections coming up I wouldn't be surprised if the markets start to get VERY volatile. Today is Sunday, and this day specifically usually paints the picture for the markets and how they will look over the next week. Anything over 11k and I'm sure we'll see 11.2k - 11.4k Anything under 10.5k and I'm sure we'll see 9.8k- 10.3k Stoch RSI is suggesting possible overbought price action: will provide updates around today's daily close (8pm EST) Are you currently bullish or bearish for $BTC (Bitcoin) or any market really. Remember to stick to your trading plan unless your ideas get invalidated. Sticking to low leverage will allow your brain to function at a more logical level instead of getting sucked into the head games played by the markets. Proper sleep, eating well, and most importantly taking care of yourself will lead to a successful trading career. 90% of traders fail, don't be apart of that group. Learn how to outperform the market by finding your niche in the market, and what works for you.
BITFINEX:BTCUSDLong
by Yurlo
27
THIS IS MY PREDICTION FOR THE NEXT 48 HOURS (drop to $9600)-Yurlo (Please give this post a thumbs up for the visuals i've created here) If all goes as planned we should drop to $9600 in the next 2 days & this is my call & I'll remain faithful to my TA and ignore the noise and and FOMO in the markets. $9950 will be tested again, and from there we will wick to $9600 before any "bull run to ATH's" can happen. So you guys think you'll be able to 100x leverage long "the bottom" at $10,200 all the way to new ATH's? I remember when I used to think that way. It cost me thousands in lessons, as why I'll remain patient and wait for the proper dip I'm looking for according to my TA. Enioy your little FOMO ride while it lasts. We'll see who has the last laugh in the next 24 hours though. $BTC Cheers.
COINBASE:BTCUSDShort
by Yurlo
5
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
☆ BTC / USD — Bitcoin Trading ☆Hello on the regular Bitcoin Update. Just before Monday btc price near resistance and in the wedge pattern inside Symmetrical Triangle. I am looking for good long entry here at breakout from triangle $9850, or at support of the triangle near $9000—$9200 On the chart you may notice Stochastic RSI and it's divergences inside Triangle Pattern and Wedges. So for taking profits I am looking at $10000 zone and above. As always I am calculating my risk and know what I can lose in each trade. Please follow your own money and risk management when considering using my trading ideas. Stay tuned, this is Artem Crypto
BITSTAMP:BTCUSD
by ArShevelev
27
LINK/USDT - time to take profit on your shortsPrevious short idea: LINK/USDT has retraced 30% without a proper bounce yet and is currently sitting close to the bottom of the uptrend channel and on the 4 hour 200 MA. We can see hidden bullish divergence on the RSI which usually indicates a good spot to re-enter in an uptrend. The LINK/BTC pair shows it right on the upper trend line of the previous uptrend channel and is very close to a previous point of resistance (36k-37k sats) which now acts as support. Bears seem to be too greedy right now so I expect a bounce soon, risk-reward is solid at this point. In the case of BTC shitting the bed it's likely that this trade will become invalid, consider exiting if 1-2 candles close below the uptrend. Buy zone: green area
Long
by Wolfy_
10
ATO Bullish Divergence and StochRSI cross and nice tail!I will long ATMOS coming week. I see a nice set of bullish divergences on EFI and MACD-H, together with StochRSI crossings. Furthermore, a long wig is seen on the daily, which seems to mean there is a strong rejection there, and the market wants to go the other way. I expect the target to hit +1,5 ATR line on the 4H timeframe at least. But I will evaluate the bullish divergence on the daily as well, because if that one plays out we can enter the target zone of 110-111 Weekly impulse is still red (EMA and MACD-H both going down) and therefore I need to see how the week develops, to see if I get out at the short term target or not. Entry: 107 Short term Target: 109.50 Longer term Target: 111 I will evaluate the strength of the move, to see if it will hit Stop: 105.99 R/R ratio: 1:2 short term R/R ratio: 1:3 longer term
NYSE:ATOLong
by Tornado_Trading
1wk stochrsi trndline hints long overdue big correction looming?So this entire year's bull run has left a lot of people in the dust who were waiting for a 31-41% correction to buy in. Everyone was expecting one as early as the upper 5k range but the correction never came. In fact only a few minor bear trap corrections have occured this entire bull run. Looking at this ascending green trendline on the weekly stoch rsi we can see hat it had propped up the price action and prevented any major correction the majority of the bull run and it only just recently finally broke below it. It is now well on it's way back up to retest whether or not the trendline has been flipped to solidified resistance and, spoiler alert: since the green ascending trendline is about to reach the 100 level of the stochrsi it definitely will be resistance. It looks by the trajectory of both the trendline and the stochrsi's blue line that they will both converge a 100 right around July 1st. Due to this and he fact that we have gaps to fill on the cme futures contract some all the way down around 8.5k I wouldn't be surprised if we see he correction after throwing a wick up to the current bull flag target of 12253.13. In fact we may not even reach the full breakout target if one of the 3 white horizontal resistance lines rejects it first(the 11699 horizontal looking the most subastantial out of the 3). All things considered, I may begin to ladder out small amounts of my position with my first limit sell take profit at 11699 and my second one a 12253.I will be keeping a close eye on when the stoch rsi reaches 100 beecause I think it will retest it before the big rejection. It may move slower than I anticipate o where w could climb o he next resistance around 17k before it gets rejected bu judging by how close it is already I doubt it.
BITSTAMP:BTCUSD
by DrDovetail
10
Guess which trendline continues to keep breaking bitcoins fall?The weekly stochrsis ascending support trendline has performed phenomenally this entire bull run. It still refuses to submit or bend the knee. Each time during the bullrun i seemed as if the big 31-41% correction was finally about to happen the fall was stopped short as the bullish momentum was bounced up off of this trendline. Once again this has happened to our most recent price action which should allow it to get one more good bull pump before finally breaking through this trendline. Every time we've had a dip I haven't been worried and will continue to see those dips as bear traps until we close a weekly candle with the blue and orange lines under this trendline or if we flip it to clear resistance...this support line has been by far the best indicator this entire bull run and will very likely continue to be. Look up my other ideas I've posted the past few weeks and you will see just how consistant i has been.
BITSTAMP:BTCUSDLong
by DrDovetail