Get started

Oscillators

AMZN 6/6/2022AMZN Jeff Bezos sold at the top and bought a yacht while The Jeff Bozos the clowns will buy the stock split thinking they’re getting a good deal. That last leg of AMZN Uptrend which respected 50ema, started April ’20 and topped out Sept.’20. It closed below the 50ema that Sept. and price entered a Sideways market AMZN moved sideways from Sept.’20 thru Jan.’22. During this time, Good ‘ol Jeff Bezos jumped ship Nov.5th ’21 @ 179 and jumped into an enormous yacht. The sly dog knew what was coming and exited at the top. Jan’22 price broke down from this sideways range and confirmed the range to be a Distribution stage. Price fell from 165 down to 136. During this time, we also had Death Cross between the 50 & 200 ema to further signal the bearish conditions. Price pulled back from 136 twice to previous Support looking to turn it into resistance. The market was very nice to the “investor”, gave them two chances to exit. On the second pullback to resistance, we also had an Overbought Stochastic reading. This was our 1st entry to enter trade short. This short entry saw price move from 167 down to 102. This breakdown saw price make a lower low and confirmed the start of the downtrend for AMZN. From the lower low made at 102, price pulled back to the 50ema which is acting as Dynamic Resistance level. Currently, we also have an Overbought Stochastic reading. This is the second entry to trade short. Downtrend + Pullback to resistance + Overbought Stochastic = Short Trade Entry Entering trade short. Entry: 124.79 Stoploss: 139 Target #1: 101.61, 18.56%, 1.63 RR ratio Target #2: 83.86, 32.79%, 2.87 RR ratio
NASDAQ:AMZNShort
by rudcharts
36
FL 9/14/2022 FL Daily chart analysis FL has been in a downtrend for quite some time now. It has now pulled back to the downtrend line it has created. This area will be considered an area of value. We have stochastic reading just coming down from overbought We also have the MACD just crossing under its signal. Downtrend + Overbought stochastic + Pullback to area of value = Short trade entry Entering trade short Entry: 37.53 Stop loss: 41.92(-11.70%) Target: 24.76, +34.03%, 2.91 RR ratio
NYSE:FLShort
by rudcharts
6
The key is whether it can rise above 9.39 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (APTUSDT 1W chart) It seems that the M-Signal indicator on the 1M chart has started to be created. Accordingly, the 7.41-9.39 section is an important support and resistance section. When it shows support in the 7.41-9.39 section, it is a time to buy. - In order to turn into an uptrend, the price must be received above the MS-Signal (M-Signal on the 1W chart) indicator. Therefore, the key is whether it can receive support and rise near 9.39. - The high point boundary section is formed in the 12.06-14.50 section, so if it rises above this section, it is expected to create a new upward wave. If it falls below 7.41, it is expected to enter the mid- to long-term investment area. Therefore, if possible, I think it would be better to trade when the price is maintained above 7.41 and wait and see if it falls below 7.41. - (1M chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
2
Whether it can be supported and rise from BW(0) is the key Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (PEPEUSDT 1W chart) The key is whether it can rise above the HA-High indicator point of 0.00001898. To do so, the point to watch is whether it can be supported and rise near the M-Signal indicator on the 1W chart. Accordingly, if it falls, you should check whether it can be supported near 0.00001463. The strong support area is around 0.00000723. - (1D chart) Since the BW(0) indicator was created at the 0.00001767 point, it is important whether it can be supported and rise around this area. If it falls, it is important whether it can touch the M-Signal indicator on the 1W chart and rise. In order to turn into a short-term uptrend, the MS-Signal (M-Signal on the 1D chart) indicator must rise above and maintain the price. To do so, it must rise above 0.00001898 and be supported. - From this perspective, if it rises, the area around the M-Signal indicator on the 1D chart is likely to be the first resistance area, and the area around the M-Signal indicator on the 1W chart is likely to be the first support area. ------------------------------------------------ (1000PEPEUSDT.P 1D chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
4
The key is whether it can rise above 0.37778 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (DOGEUSDT 1W chart) As the price falls, the HA-High indicator is expected to be created at the 0.37778 point. Accordingly, the key is whether it can rise above 0.37778. If not, 1st: 0.26850-0.28000 2nd: M-Signal on the 1M chart You need to check whether it can rise with support near the 1st and 2nd above. - Since the StochRSI indicator has fallen below the overbought level, it seems likely to continue to decline further. However, when looking at the StochRSI indicator, volatility may occur when it reaches around the 50 point, so caution is required. - (1D chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
1
Whether it can be supported and rise around 92K-93.5K is the key Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) What we need to look at is whether it can touch the MS-Signal (M-Signal on the 1W chart) indicator and rise. When a new candle is created, it is expected to pass around 83.6K. Accordingly, the point of interest is whether it will meet the M-Signal indicator on the 1W chart around 87.8K-89K. The reason is that the StochRSI indicator is showing a downward trend from the 100 point, and if a new candle is created, it is expected to change to a state where StochRSI < StochRSI EMA. Since the StochRSI indicator is still in the overbought zone, it is likely to rise after receiving support around 92K-93.5K. - (1D chart) The next volatility period is around December 17 (December 16-18). Therefore, the key is how it will look after this volatility period. It is currently showing a short-term downtrend, but looking at the overall picture, it is ambiguous to say that it has yet to break out of the sideways zone, so the key is whether it falls below 90586.92. - Therefore, we need to check whether it can rise above 95904.28. If not, it is expected to touch around 92K-93.5K. In order to turn into a short-term uptrend, it needs to rise above 97821.5-98892.0 to be supported. Since the Momentum indicator is showing a low, it may lead to an additional decline. You can see that the Body color of the candle changed to red from the December 20 candle. This is because the OBV fell below the midpoint. Therefore, if the Body color of the candle changes back to Green, it can be seen as a buying period. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
BTC correcting, This isn't a crash smmfhCrash talk🫠 Talk of manipulation and fake outs should have been anticipated weeks ago. Markets refusing to react appropriately after consecutive weeks of high cpi readings and then a super hawkish Jerome Powell speech was crazy work. Bitcoin is still in bull territory for this consolidation range. 🫠 Many are calling crash already, lol. A 20% correction would be at 86k which is where the bottom of the consolidation is at on daily timeframe. That wouldn't even be considered a crash as 20% is normal for btc in bull environments. Areas of interets: Bullish mitigation block (the gray rectangle). Vwap: (green)Anchored below the Nov. 5th trump pump candle which is being tested 50 ema: (dark blue ema) being tested for first time on daily time frame 💡I also anchored a volume profile at the Nov. 5th trump pump and value area low also coincidences with the areas of interest. 💡Daily stochastic is oversold riding the floor and the daily rsi is below 50 with chance of making bullish divergences with prior lows
Long
by CryptoFuze
2
The Relative Strength Index (RSI): A Beginner’s GuideThe Relative Strength Index (RSI) is one of the most widely used technical indicators in trading. Developed by J. Welles Wilder in 1978, it helps traders evaluate the momentum of a market and identify overbought or oversold conditions. What is RSI? RSI is an oscillator that measures the speed and magnitude of price changes over a specific period, typically 14 periods. It provides a value between 0 and 100, which helps traders gauge whether an asset is overbought or oversold. Overbought: RSI above 70 suggests the asset might be overbought and due for a correction. Oversold: RSI below 30 indicates the asset might be oversold and due for a rebound. The RSI Formula The RSI is calculated as: Where: RS= Average Gain of Up Periods (over the lookback period) / Average Loss of Down Periods (over the lookback period) How to Interpret RSI 1. Overbought and Oversold Levels: - When RSI crosses above 70, it may signal that the asset is overbought and could experience a price decline. - When RSI drops below 30, it may indicate that the asset is oversold and could see a price increase. 2. Divergence: - Bullish Divergence: When the price makes lower lows, but RSI makes higher lows, it suggests a potential upward reversal. - Bearish Divergence: When the price makes higher highs, but RSI makes lower highs, it indicates a potential downward reversal. 3. Centerline Crossover: - RSI crossing above 50 is often viewed as a bullish signal, indicating upward momentum. - RSI crossing below 50 suggests bearish momentum. Strengths of RSI - Versatility: Works well in a variety of markets (stocks, forex, crypto, etc.) and timeframes. - Simplicity: Easy to interpret for beginners. - Divergences: Offers insight into potential trend reversals. Limitations of RSI - False Signals**: RSI can provide false overbought/oversold signals in strong trending markets. - Lagging Indicator: Like most indicators, RSI relies on historical data, which may delay signals. Best Practices for Using RSI 1. Combine with Other Indicators: - Use RSI with trend-following indicators like Moving Averages or MACD to filter out false signals. - Pair it with support and resistance levels to validate potential reversals. 2. Adjust the Period: - Shorten the period (e.g., 7 or 9) for more sensitive signals. - Lengthen the period (e.g., 20 or 30) for smoother, less frequent signals. 3. Context Matters: - In a trending market, RSI may remain overbought or oversold for extended periods. Use it cautiously in such conditions. Example of RSI in Action Imagine a cryptocurrency like Bitcoin has been rallying for several days, and the RSI rises above 70. This suggests that Bitcoin might be overbought, and a pullback could occur soon. However, if the market trend is strong, Bitcoin’s RSI could stay above 70 for an extended period. Combining RSI with trend analysis or support/resistance levels can provide better insights. Conclusion The RSI is a powerful tool for traders seeking to understand market momentum and potential reversal points. While it’s simple to use, its effectiveness increases when combined with other indicators and market context. As always, practice using RSI on historical data before applying it to live trades, and remember that no single indicator guarantees success
Education
by CobraVanguard
4
Nobody appreciates it !!!The price is within an ascending wedge and this can be a bullish signal for Dogecoin. However, we need to wait for this wedge to be broken and then wait for the price to rise. Currently, the price can be bearish because more funds have been injected into Bitcoin to allow Bitcoin to find more stability in the coming days. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
10
Start of decline: Below 3707.61 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) As I mentioned in the BTC idea, when the StochRSI indicator is moving, the value of the StochRSI indicator fluctuates when it passes a meaningful point. Currently, the value of the StochRSI indicator seems to have fallen from the 100 point. However, if it rises above a certain point, it is possible that it will show the 100 point again. Also, you can check the exact value when a new candle occurs. - In the previous idea, I said that the time to buy is when it is below 3438.16. The reason is that if it goes up more than that, you may feel psychological anxiety due to volatility. If you bought an altcoin during this buying period, I think it is likely that it is currently at a similar price range or making a profit. Otherwise, if it is losing money, the coin (token) can be considered a subordinate coin (token). In other words, it can be seen as being neglected in the market. - (1D chart) It has fallen below the HA-High indicator (3831.12). It has also fallen below the MS-Signal (M-Signal on the 1D chart) indicator. Accordingly, the key is whether it can be supported near 3644.71 and rise above the M-Signal indicator on the 1D chart, or if possible, above 3831.12. If not, and it falls, there is a possibility that it will touch the M-Signal indicator on the 1W chart. Before that, 1st: 3438.16 ~ 0.618 (3548.07) 2nd: 3265.0-3321.30 You need to check if it is supported near the 1st and 2nd above. When the decline progresses, if the HA-Low indicator or BW(0) indicator is generated, it is important to check whether there is support near it. In particular, if the HA-Low indicator is generated, it will close the current wave and create a new wave. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
$OTHERS Alts Catching A Bid vs $BTCEveryone kicking themselves for not taking profits on Alts because they’re almost back to where they were before this whole run up when Trump won 😭 Today, Alts dumped to just 10% above their ₿itcoin pairs. Lesson Here: If you're gonna trade Alts, make sure to continuously take profits back into CRYPTOCAP:BTC Good News: the market looks to be bidding Alts > BTC rn on this dip, signaling Alt Season around the corner 💯 Notice RSI, Ascending Volume and Bullish Hammer 🚀
CRYPTOCAP:OTHERSLong
by jonnieking
DAX - short term correction currently very Overbought!Hi guys, we are following up with our next opportunity DAX : Currently it has been perfoming fantastic as being part of the biggest Economy in Europe, and it reached a glorious All time High, following up with the western Indices , SP500,NASDAQ100 and Dow Jones. Currently the price has reached a very overbought level based on the RSI check on 1H time frame and 4H time frame, so for the time being I am looking into a short term correction with a follow up to maybe break down the current all time high and get passed it. Entry : 20,400 Target : 19,916 Let's see how things are going to formulate and move from there. As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
XETR:DAXShort
by DG55Capital
4
Start of decline: Below 97821.58 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- The Market Cap chart will be updated again when a new candle is created. I think the gap increase of USDT, USDC is a trace of funds flowing in. The increase in BTC dominance means that funds are concentrated on BTC. You cannot predict the rise and fall of BTC with BTC dominance. The rise in USDT dominance is likely to be reflected in the decline of the coin market. The start of the decline in the coin market is expected to begin when it rises above 4.97 and is maintained. ------------------------------------------- (BTCUSDT 1W chart) The point to watch is whether the StochRSI indicator shows a downward trend from the 100 point or whether it switches to a state where StochRSI > StochRSI EMA. Since the StochRSI indicator is a lagging indicator, you can know the exact value when a new candle is created. However, if there is a change in the value of the StochRSI indicator when a movement occurs, it means that an important point has been passed. In that sense, the fact that the StochRSI indicator is maintained at the 100 point despite the current price decline means that an important point has not been passed. However, there may be fluctuations in the StochRSI indicator value when a new candle is created while the price is falling. - (1D chart) The HA-High indicator is expected to be created at 101947.24. Accordingly, the key is whether it can be supported near 101947.24. If not, it falls and shows resistance near the MS-Signal (M-Signal on the 1D chart) indicator or 97821.58, there is a possibility of meeting the M-Signal indicator on the 1W chart. Therefore, before meeting the M-Signal indicator on the 1W chart, you should check whether it is supported near 87.8K-89K or whether the HA-Low indicator or BW(0) indicator is newly created. If the HA-Low indicator or BW(0) indicator is generated, it is important to see if there is support in the vicinity. If the HA-Low indicator is generated, it is expected that the current wave will end and a movement to create a new wave will begin. The start of the decline is expected to start when it falls below 97821.58. The volatility period is around December 27 (maximum December 26-28). - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) In the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
2
CYCLE 4 | BTC If Perfect Cycle - ATM Target Zone [For Fun]IF PERFECT CYCLE - ATM TARGET ZONE For this post (just for fun) if BTC is allowed to run to it historic tends this cycle, then I have marketed the projected 'ATH Target Zone', based on the current state of my price modelling, cycle mapping, oscillators, indicators and technical analysis tends. Weekly RSI - CURRENT ANALYSIS While the weekly RSI bearish divergence (yet to be locked in) looks eerily familiar to our double peak top the 2021 cycle, if this does eventuate then we will be looking for BULLs to continually invalidate similar to the 2017 bull run. If there is a reasonable pull back at this point (30% to 40% pull back) and we retest and hold the 21W EMA 20W SMA, then this would be consistent with the 2017 bull run at this point in the cycle and we would then want to see bulls invalidate the bearish divergence on the weekly RSI to have confidence in the possibility of more upward price action ahead. FOLLOW ALONG WITH THIS POST! What do you think about this chart? Am I too bullish or bearish with this zone? Will be fun to track this moving forward.
Long
by Brodie