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Relative Strength Index (RSI)

Bitcoin(BTC): Will Go Towards $48K Zone Most LikelyThe second week is here, and we are still showing some strength in building up that overbought market and pushing the limits of Bitcoin. Not only are we laving heavy masses of FVG zones down below to be grabbed, but we are also on the heatmap of Bitcoin, where the majority of traders have shifted to long positions, showing us a potential liquidation grab to happen sooner or later in lower zones! With that being said, as we get closer to the April 2024 halving, two of the most reasonable movements can happen: Plan A anticipates a bearish movement towards $26K zone while also filling all the FVG zones, where we will encounter nice support and a movement to potential new ATHs Plan B It is similar to Plan A, but near support, we might see further weakness and a potential long squeeze to the lower zones before further movement to the upper zones.
BITSTAMP:BTCUSD
by SwallowAcademy
Bitcoin(BTC): Pumped 6% - Near our ResistanceFourth Day: Price has had a nice bounce from near the FVG zone (at $40K), where so far we have had a nice 6% market price movement! This being said, we are getting closer and closer to our major target of $44,500, which should determine the next major movement. As you all remember, we are waiting for more bearish scenarios to occur near this zone, but let's see what we will get once we are near it! Greed and Fear Index: Still Greedy and growing (72)
BITSTAMP:BTCUSDShort
by SwallowAcademy
#ICP/USDT 2D (#BinanceFutures) Big falling wedge break & retestInternet Computer seems to have found bottom on historical demand zone, RSI entered oversold territory, recovery towards 100EMA would make sense. ⚡️⚡️ #ICP/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1x) Amount: 9.4% Current Price: 3.804 Entry Targets: 1) 3.390 Take-Profit Targets: 1) 6.098 Stop Targets: 1) 2.305 Published By: @Zblaba CRYPTOCAP:ICP #ICPUSDT #InternetComputer #Dfinity #Web3 Risk/Reward= 1:2.5 Expected Profit= +79.9% Possible Loss= -32.0% internetcomputer.org dfinity.org
Long
by TradingOn
Bitcoin(BTC): Stuck Inside FVG - Major Drop Incoming!!!Third Day: After a nice drop we had on BTC, the price has not shown any significant support or volume near the current zone, where the price is stuck inside the FVG zone and gliding slightly above the middle line of the Bollinger Band. Today we are going to have a very volatile day with all those news stories, which we think will push the price finally for one last attempt towards FWB:48K , where we want to see the start of that major drop that we have been waiting for. We still have a lot of FVG zones to reclaim in the lower zones!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Cardano(ADA): Way Too Overbought - Time To Short?The current 4-hour ADAUSDT chart exhibits a notable retreat from recent highs, suggesting a cooling of bullish momentum. The price of ADA has formed a noticeable peak, leading to a substantial red candle that breaches the immediate support level. This shift implies a potential for continued bearish movement. We are to monitor the Bollinger Bands closely; a sustained close below the middle band could signal further declines, potentially targeting the next significant support at $0.3827. The RSI shows no immediate signs of oversold conditions, which means we still have some room to fall
Short
by SwallowAcademy
5
Ripple(XRP): Multiple Selloffs = Soon Drop?We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened! As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the major support trendline. A decisive break below this confluence has intensified selling momentum, pushing prices towards the lower Bollinger Band or beyond. Our gameplan is to wait for some sort of re-test in the upper zones (closer back to the middle line of Bollinger bands). Once we are near that zone, we are going to look for a potential further downward movement, and we will catch it as well if we can.
Short
by SwallowAcademy
#BTC/USDT 15m (ByBit) Symmetrical triangle breakdown and retestBitcoin is retesting local supply zone and printed a death cross + an evening star, looks ready for a retracement down on Low Time-Frame. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (35.0X) Amount: 5.0% Current Price: 43593.7 Entry Targets: 1) 43789.6 Take-Profit Targets: 1) 42287.0 Stop Targets: 1) 44291.3 Published By: @Zblaba CRYPTOCAP:BTC BINANCE:BTCUSDT.P Risk/Reward= 1:3.0 Expected Profit= +120.1% Possible Loss= -40.1% Estimated Gaintime= 1-2 days
Short
by TradingOn
Bitcoin(BTC): Liquidated Many Traders!! (Massive Drop) The first day of the week has started with a very sharp movement to lower zones, resulting in some nice liquidity hunting for millions of dollars. With prices getting rejected from the upper zone, we started slowly moving toward FVG zones that have been waiting long enough for them to be reclaimed again. With that being said, it is a little early to say if it was just a long squeeze or if we had an actual rejection from the upper zones, but what we are going to do is look for a potential re-test in the upper zones (near $43,800) with an overall aim to re-claim those FVG areas! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
8
MA my understanding I know that the topic of moving averages has been fairly explained in crypto and other trading markets, and every trader has a good knowledge, and usage cases for them, but here I will share my own view of the moving averages, and how I use them for trading without relying on technical or educational sources by any means. Starting with a recap on the main idea of moving averages, the moving part of the name indicates a change in the final results based on time period specified by the trader such as 5,10,15,21,31,50,100,150, 200, you name it, for the last x candles to consider while calculating the average of their cumulative x price divided by their number. things you need to consider when using the moving average include: 1. Its an old and well known method to analyze price action 2. Many traders use it as a part of their trading strategy 3. It removes the noise from the price, and helps to identify trends sometimes 4. Traders rely on predefined moving averages lengths such as 21,30,50,100,150, and 200 so using these fixed values for your moving averages gives you better analysis of the market now for the usage cases that work for me with MA: 1. Showing support and resistance for new coins, I rely on the moving average to predict support and resistance since new coins form new supports and new resistances alone the way, indicators cannot work, and identifying levels is almost impossible, thus many traders will rely on the sole usage of MA for their support and resistance. 2. Identifying trend change some trends can be clearly seen or predicted by using MA crosses, such as the famous golden cross of the 50 and 200 MA, and smaller crosses including 21 crossing 50 to identify an uptrend, or vice versa. 3. Eliminating FOMO if the price suddenly fluctuates up, and the moving average is still moving smoothly on the same level, jumping in the market will be considered pure FOMO. The moving average can support sudden jumping in prices by showing an increase overtime, while sudden jump in the price with a moving average moving horizontally indicates that price could fall fast since no preparation of the market is found. Indicators are really helpful when relying on MA in TA, so here I will share indicators I use when considering MAs: 1. Cryptonite's EMA Field I really on this indicator a lot since it provides the ability to use 9 different EMAs, customize their colors, see their crossing on chart, and receive alerts of crossing. 2. RSI oscillator by TradingView RSI is surely a different topic, but using RSI with MA of the RSI to show bullish and bearish movements is extremely helpful when trading. 3. Volume oscillator by TradingView this indicator shows the volume of the coin, which is also not our topic, but using the volume with its MA helps finding resistance points in the chart, and predicting where the price could possibly reach before starting a reversal. Hope you all benefit from the explanation I provided, and always remember, never quite trading even if you are left with only $1, as there is always a brighter future in the market.
Education
by xxr50
1
Litecoin(LTC): Below 200 EMA / Drop to Come? The LTC/USDT trading pair on the daily chart is hinting at a bearish outlook following a rejection from the 200-day Exponential Moving Average (EMA). Currently, the price is under the 200 EMA—a bearish sign. We are watching this level closely, as maintaining below it could lead to further downward movement. The presence of long wicks on recent candlesticks suggests that while buyers are attempting to push the price up, sellers are ultimately overpowering them, leading to a close near the low of the day (and showing strength by doing it multiple times). If this bearish pressure continues, we may expect to see the price decline further, potentially testing the next levels of support. As always, we should monitor for any bullish signs or a potential reversal, but as of now, the momentum is favouring the bears.
Short
by SwallowAcademy
8
🔥 ADA's Best Possible Trade: Don't Miss The Entry! 🚨Last month I made an analysis on ADA and the huge parallel channel it has been trading in for almost 4 years at this point. In said analysis I wrote that my long-term target for ADA is placed at 35$ (or the top of the channel, whichever comes first). The trade is playing out well. However, the 3-day RSI has hit a new record high of 90.37 at the moment of writing. Historically, this has signaled a local top was near. I doubt that we're going to see 0.38 in the next correction. Still, a correction towards the 0.50$ is still possible after being so far extended. Don't miss out on the correction. Prepare yourself for any near-term weakness in this token.
Long
by FieryTrading
7
Ethereum (ETH): Had A Major Breakout From ResistanceThe ETH coin has had a nice breakout from the major resistance zone, where a new weekly candle pushed even further, breaking 100 EMA fully. No long poems here so gameplay is simple: we need to see how new weekly candle will close (if we see a nice closure above resistance zone, we will go for major resistance in the upper zones; if we see a closure of the price below current resistance zone, then we will see a nice re-test of the trend line) It's a classic scenario: price goes for a breakout by intriguing traders for potential further movement to upper zones, but many forget that a re-test is mandatory in such cases.
Short
by SwallowAcademy
1
Cardano(ADA): Weekly Up By 28% 😮 / Will We Drop Now? Cardano (ADA) is experiencing a significant breakout on the weekly chart, as the recent candle has surged past both the descending channel resistance and the key horizontal zones. This impulsive move indicates a potential change in trend, suggesting that buyers are regaining control. But what caught our attention is that the RSI has spiked into overbought territory. If the ADA sustains this momentum and closes the week above these crucial levels, it could signal the start of a more substantial rally. However, given the overbought conditions, we should be vigilant for any signs of a pullback or consolidation before the continuation of the uptrend. The next thing that is most likely to come is a re-test of that same broken trend, so eyes open!
Short
by SwallowAcademy
2
THETA/USDT: Breakout + Re-Test = Bullish Movement? With a confirmed breakout above the descending channel and a subsequent re-test of the breakout point, THETA's weekly chart is indicating a bullish shift. The price surge has established new support, laying the groundwork for an upward continuation. Looking ahead, we're targeting incremental resistance levels, the nearest being a 19.51% climb from our current position. The momentum is strong, and if buyers maintain control, we could challenge the next key resistance level at a 52.79% rise.
Short
by SwallowAcademy
Solana(SOL): Overbought near Resistance? Solana's recent price action suggests a consolidation at a significant resistance level. The Relative Strength Index (RSI) has retreated from overbought conditions, indicating a potential easing of buying pressure. While currently holding resistance, a good hold near current zones could lead to a test of lower support levels, with the first notable support zone around a 26% decline from the resistance. However, if the resistance gives way to a bullish push, we could see an attempt to reach higher liquidity zones. As SOL oscillates at this crucial level, we maintain vigilance for a clear directional move.
Short
by SwallowAcademy
5
AAVE/USDT: Approaching 200 EMAAAVE's price is going to face a struggle to maintain upward momentum as it tests key support levels. The 200 EMA is serving as a pivotal line, with potential for a breakdown. A decisive movement below this trend could signal a continuation of bearish sentiment, potentially targeting lower support zones. Conversely, if bulls regain control and we breach the highlighted green line, we could anticipate a rally towards the upper resistance. We should watch for either a confirmed breakdown below the 200 EMA or a strong push above current resistance levels to gauge the next move.
Short
by SwallowAcademy
MASK/USDT: Re-Test Might Fail and Show Further Dump! We've been tracking the MASK coin closely and have noticed some interesting movements. The coin attempted a breakout which didn't hold, leading to a sharp decline towards a re-test zone. If this re-test fails to push through, we're likely to witness a further slide into the lower price regions, with the 200 EMA as our primary target. This area will be crucial to watch, as a solid close below could intensify the bearish trend. We're on the lookout for potential short opportunities upon confirmation of these bearish signals."
Short
by SwallowAcademy
Bitcoin (BTC): Breakout From Major Resistance of $40K ZoneThe new week has started with a magnificent breakout (breaking the $40K zone without any significant resistance). During the Asian trading hours, Bitcoin has had a breakout from the $40K zone and is currently aiming for the $41.5K zone. As many (including us) waited for some major rejection to happen near $40K, it came to the conclusion that we needed to wait for at least London trading hours to open in order to see how it would be moving during that time there! P.S. We are not passing completely on the idea of correction (which historically showed same setup as we are seeing right now and Resulted in a nice 60% downfall before the actual halving happened) On a weekly timeframe, we want to see how the weekly candle will close this week, but the opening of the candle is rather bullish as of now. Eyes open for a potential fakeout of a long squeeze to happen!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2