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Relative Strength Index (RSI)

USDCAD Psfp| Weekly S/R| .618 Fibonacci| Price Action Evening Traders, Today’s analysis – USDCAD- trading towards a key support region that has technical confluence Points to consider, - Price Action Corrective - Weekly S/R Support - .618 Fibonacci Support - Swing Failure Region USDCAD’s immediate price action is trading towards its Weekly S/R that has technical confluence with the .618 Fibonacci and market lows, allowing for a bullish bias. The immediate objective is the POC, exceeding this level will lead to a trend continuation. The current volume is below average, an influx is needed once testing support, this will be an indication of market strength. Overall, in my opinion, USDCAD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Long
by AzizKhanZamani
Bitcoin Long Term Analysis 💰I want to take a closer look at Bitcoin's price weekly logarithmic chart. This is my view of Bitcoin right now. we look at bitcoin in several ways. 1- Long term channel (purple) 2- Short term channel (green) 3- PRZ - fibo retracement and extention most powerfull PRZ zones: $22000-$23000 and $11000-$11600 4- Head and Shoulders = it's target is about $18000 5- also last ATH (about $19000-$20000) is a strong Support so my buy zones are: $22000-$23000 & $18000-$20000 & $11000-$12000
BITSTAMP:BTCUSD
by Matador7x
3
RSI on APECoin pullback. 3.80% gain on its way.$APE is still in a downtrend and i wanted to post this before the trade finishes. In the image attached you'll see 3 RSI readings. RSI 1st candle = a MINUS of -1.43 RSI 2nd candle = a positive of +2.33 (This is the one i need) RSI 3rd candle = a second confirmed postive of +4.93 As noted with my RSI formula. An RSI of 2.33 = a 1 to 2.33 risk reward ratio. So i entered the trade with those limits. This will work even though i am betting AGAINST the main trend even though i can not find ANY divergences prior to the entry. I do however have FRACTALS setup on a 21 period and i got a notification of one (Bullish) So i started looking for the first confirmed RSI signal closing over 50 (or closing over ZERO in this case) After that, I need a second consecutive candle closing above 50 (or ZERO) as well. The second one is my entry. Then i take the value of the first closing RSI over 50 and use it in the formula. 2 for my scale is 53 on a regular scale. 52 = a 1 : 2 ratio below the 200ma and a 1 : 3 above the 200ma (so we have 1 :2) Now lets look at the left over numbers Here i move the decimal over ONE place and its So the total for my risk reward is ( 1 : 2.33 ) This would be the end of the pullback WITHOUT counting any momentum in the move. Usually 2 or 3 candles later youll have a candle closing EXACTLY at that height and the trend continues down.
by CoffeeshopCrypto
1
Bitcoin EMA200/RSILooking back over the history of BTC when price hits the EMA200 several things have happened: 1. 2018 *BTC hit $3122 *The RSI bottomed out and started to cross upwards *Price danced around the EMA200 *The $3122 low was never broken after that point *Price increased 2. 2020 *BTC hit $3850 *The RSI bottomed out and started to cross upwards *A "V-Shape" recovery happened after hitting the EMA200 *The $3850 low was never broken after that point *Price increased Here we are in 2022 *Price hit $25,401 *The RSI has bottomed out and has crossed upwards *Price has hit the EMA200 and is recovering Will we see a "V-Shape" recovery or will the price dance around the EMA200 for a period of time? Will the $25,401 low be broken? Based on history I would guess that $25,401 is the bottom for this cycle
BITSTAMP:BTCUSDLong
by Joseph_King