The 50 RSI on longer timeframes marks the line between a bull and a bear market. Whether we break or hold is still up to see. I often hear that the RSI means overbought and oversold which is simply an unnuanced explination. The RSI is a momentum indicator: Relative Strength Index . When the RSI reaches overbought zone price will more often than not extend lower...
High T3 divergence Prolongued bullish extension on the 2h (anomaly) 3EW Top of ascending range This is true on multiple exchanges both in the West and Asia.
So because DLavrov is losing all of you guys money, here are some real facts. It's called futures spreads and it's correlation and what revarsal of correlation means. Correlation reverses after increased capital controls by the PBoC and results in the second big bitcoin craze, however correlation during normal times of price movement (within an acceptable error...
Targets for EURUSD highlighted in green
Hi! Little update on my previous idea () What a wild weekend, after I posted that we broke out of the sideways movement we've had a hell of a rally to 4500. Alot of alts were up during the weekend, so we had to come down a bit. We've settled at a current base of 3345 satoshi. For a why , look at the red circles. The market used a previous resistance during...
If we get there, the ascending trendline on the daily chart would be an insanely good risk/reward buying opportunity. 47.54-ish. if we don't get there, too bad maybe next time. Friendly reminder to not chase.
----This is not investment advice---- Ripple just finished it's meeting with IMF last night. No news of the meeting came out. People thus assumed there was negative news, this triggered a sell which in turn triggered more selling because of fears that there might be insider selling before breaking the bad news. Ripple is currently testing it's base at 2200...
It is almost 100% Sure we will return to the today's session Value zone at 1.0618 We will likely also see the session VPOC again. If we manage to break that your #2 target should be the top of today's value range at 1.0696 or yesterday's VPOC. After we correct this move on the continuation of ECB's monetary and asset policy we will consolidate. What is up next...
I've been short since last night because as you can see we were at resistance levels. I was aiming for a little more downward correction, however the dollar index rejected the fib extension which was my signal to cover my short at 40 ticks profit. It was only a small rejection however so expect a little downward move on EURUSD. With recent trump remarks that the...
If we do not break the descending channel upper trendline with volume we can expect to test the middle and upper regions of the channel. We're also at the top Keltner which acts as resistance. Make sure to implement a close stop and ride it down !
Crucial times ahead for bitcoin and we are not at the bottom for this move yet. I expect us to fall further to the bottom of the channel, completing the three dive pattern with an overshoot possible to the 50% fib. If we break this channel with volume we can expect lower lows and we will test the 61.8 fib level. This price actions coincides nicely with recent...