jomplox

jomplox

Double top on MACD + Negative divergence on the RSI make a strong case for a bearish move.

jomplox

The dollar has found support just bellow its 2012 trend line. A rally has been announced by a morning star pattern supported by positive divergence on the RSI and Stoch. Existing positions which benefited from a weak dollar should be reevaluated. Have a nice trading week!

jomplox

Also note how the RSI and Stoch haven't been able to enter into their extreme bearish zone.

jomplox

Conservative traders should wait for this day's close before taking this trade.

jomplox

Let us wait for the pattern to break off before entering long. Good luck!

jomplox

Remember to place a stop loss above the 0.9085 line. Happy trading!

jomplox

Wait for a candle to close outside the top boundary before entering long.

jomplox

As always, don't rush after the price. Wait for the close at least on the 8H for confirmation of the pattern break. Conservative traders are best served by waiting for a close on the 1D chart. Have a nice trading on the rest of the week!

jomplox

As always, wait for the close for confirmation. Good luck on your this trading week!

jomplox

Safe Strategy: Close your long as soon as Stoch RSI deeps below 80, not a second before. Adamant Strategy: Close your long after MACD a confirmed crossover takes place, not a second before. Happy trading!

jomplox

Time to do away with the fancy indicators and go back to basics.

jomplox

By the looks of this chart there may be a bear trend in the long run. However investors must take into account the speculative nature of Bitcoin which might continue to drive the price up regardless of any divergence.

jomplox

As always trade BTC cautiously, this particular market doesn't always follow the typical statistical behaviour.

jomplox

This might be a good opportunity to to take a short term bear ride.

jomplox

We should also take into consideration the season which should bring down trade volume for this particular item.

jomplox

Not much TA going on here. This is just a visual representation of how the wedge could play out. Good luck guys.

jomplox

My recommendation is to monitor momentum using StochRSI or other tool of your choice to keep sudden reversals in check. Safe strategy: Wait for Breakout Moe confirmation, open long position. Risky strategy: Open long position immediately and monitor closely for any surprise reversals. NOTE: Divergence in the M15 scale is even larger making for better odds.

jomplox

NOTE: Check my newest idea for much better odds!