- Bullish divergence on rsi & mfi - osma momentum slowing - descending wedge - volume falling
rising volume + lower price short if close under 50 rsi and below 100 sma lots of ma crosses
if macd cross and rsi turns down
based on wall st cheat sheet
Bars copied from previous recession. Average bear market = 36% drop in 11.7 months Risk/Indicators **Both Debt & Equity Bubble** - interest rates are at historical lows Debt household debt student debt corporate debt public debt Equity People are leveraging to invest in Tesla, with P/E estimate for 2020... 93.51!!! S&P500: 1929 P/E = 21......
- rbc makes large portion of money from wealth management - Pandemic Declared - first case in ottawa and 18% of Ottawa economy is finance/insurance sector - ppl panic withdraw money - massive consumers + corp debt (didnt verify CAD banks debts tbh) Target = $6.40
bounced at 2017 low potential reversal to 200 ema or 45-50% - wait for 21 day close above 50 day ema
BTC at $280,000 before 2022 - similar % climb as previous bull run 2014 high to 2018 high (1600%) + Historical channel, ending w breakout
Shouldnt short in a bull market, but fuck yall. - RSI Below 50, - MACD crossover, - death cross: 50 ema & 200 ema - death cross: 100 sma & 200 sma - falling volume Opened: $10325 Target 1: $9400 Target 2: $8800 Stop: $10600 Might move stop down to lock profits... Will look to close trade if we close above 9800 in next 24 hours
descending triangle - longed at 0.027 based entirely on rising volume and overbough indicator - rsi/mfi - if close below 0.024 im fucked - traded against trend - btc too strong rn - may work out but entered too early - prob shouldve waited till atleast one close above 0.03 / close over litterally any moving avg
missed break of support line around 0.00037 looking to open short around same area will open if rsi bounces off 50 and 21 day ema closes below 50 open = 0.000369 target = 0.000329 stop = 0.000374
orginally was looking for h&S starting in sept, right shoulder june 27. reversing at end but now looking bullish - rising volume - projecting 66%-69% before retracement to 57-59% - revert to bear projection if divergence continues on rsi +mfi
**Will check on BTC Dominance ** - 14 day avg Volume Rising - Rsi bullish if close over 50 - ichimoko cloud crossed - 21 ema crossing 50 ema, confirmed if 89 day crossed
RSI divergence+ over 50 = bullish, weakening cloud resistance, macd cross over, and rising wedge