Sell signal triggered from price action below the 9SMA and an increasing negative momentum on the MACD. Looking at scalping a few hundred points on the sell. COINBASE:BTCUSD
But signal trigger from 9SMA sloping up, candle above the 9, MACD crossover and rising RSI. Looking for a 0.40-0.55 or until the buy signals are no longer valid.
Well, this chart is ridiculous. Gold price has caught up with the year and is rocketshiping out of the area. RSI is now over 90 and price keeps stretching away from the average. Signs point to a price correction back to the mean, but it's hard to close a position with all those vertical green bars and when you can hear the FED just running those printing presses...
Third day printing a bearish candle and now fully under the 9SMA with a negative MACD. Looking to short this for a couple days until the indicators turn around.
GLDM 1hr price close above 9SMA in an up trending market pattern. 9 above the 20 above the 50 above the 200 and 200 positive slope. New 'stimulus' on the way which only devalues the dollar making the price of assets increase to the loss of dollar value. Will see where P&L stands at end of week before deciding to continue, increase or close position. AMEX:GLDM
SPY stalling just below the 332 level. RSI flirting with the overbought line and MACD seems to be slowing momentum. Looking sell a quick Call Spread Spread at 335 with 1DTE. Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Still looking long on BTC. Daily candle body fully above the 9SMA and all signals pointing up. MACD slowing down and RSI in overbought area but this was the case for multiple days now and the price slowly climbs upwards.
4HR remains fully above the 9SMA with an up sloping 9, 20 and 180. RSI is at 59 (below overbought range) and the MACD is sloping up and looking to crossover soon. Multiple EUR and US economic data coming out, but expect EUR to continue its trek up while QE infinity and beyond, continues in the US. OANDA:EURUSD