Many of you have been commenting and messaging me regarding RSI Divergences and how they work. I'm seeing a ton of confusion and misunderstanding so I cut away all of the fat from this Bitcoin Daily chart in order to present the CLEAREST example I could find. During the first half of this year, Bitcoin had an insanely powerful rise in price over the span of just...
BEWARE OF RSI DIVERGENCES! Whether its a Bullish or Bearish Divergence in the RSI Indicator, DO NOT take this warning sign lightly... you will be sorry. - Chart explains my line of thinking. Comment your thoughts and questions below.
CONFIRMING MY ORIGINAL SHORT TRADE IDEA FOR MRNA. THE 1HR, 2HR, 4HR AND 8HR TIME FRAMES ARE HARBORING A DIRTY SECRET UNDER THE HOOD OF THIS STOCK: SINISTER BEARISH DIVERGENCES BUILDING (MOST BULLS WILL IGNORE THIS AND ONLY FOCUS ON THE UPWARDS PRICE ACTION)... BUT AS I LIKE TO SAY: "RSI DOESN'T LIE." MATCH UP THE 2 LOWEST-LOWS IN THE RSI WITH THE CURRENT PRICE...
MANY TRADERS / INVESTORS WERE CRUSHED WHEN AMC WAS CUT MORE THAN IN HALF A FEW WEEKS AGO. DO NOT DESPAIR! AS AMC WAS FALLING LIKE A ROCK, IT WAS SIMPLY SEARCHING FOR A WEEKLY HIGHER LOW. WITH THAT IN MIND, IT MUST BE UNDERSTOOD THAT AMC WAS ALSO TRYING TO SET A DAILY HIGHER LOW COMPARED TO $31.15! BULLS WILL BE EXCITED TO KNOW THAT AMC'S DAILY HIGHER LOW HAS...
THE ANNOTATIONS ON THE CHART EXPLAIN EVERYTHING. BEARS HAVE TAKEN FULL CONTROL OF THIS STOCK, THE BULLS JUST DON'T KNOW IT YET! "EXTREME GREED WILL BE REWARDED BY EPIC SUFFERING." - COMMENT YOUR THOUGHTS/OPINIONS BELOW...
I'm Long 10,000 shares of RIDE. Feel free to comment your thoughts/opinions below! :) - This is my first trade idea published on TradingView and I would love some community feedback!