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Rsidivergence

SPY reversal: Turning downtrendAs one can see in the chart, there is RSI divergence. This is a hint at a reversal in momentum. After the impulsive move towards 447 we are due for a pullback. I believe we should hit some support at 446 and experience a very small rise again (not to an ATH) before we experience a pullback through the support at 446 toward the support at 443. Once we hit support at 443 I believe we will see an impulse movement toward 446 in which we will reject it and start the downtrend where we have lower highs and lower lows. From here we may form a head and shoulders.
AMEX:SPY
by MathewPiedoux
3
Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔 "History never repeats and always rhymes." - A TradingView trader whose name I forgot It's an extension of my previous idea. I hold my opinion on everything there and add a new viewpoint with this idea. ◀️ KEY POINTS: - Opportunity To Break All Bearish Channels At Once & Resume Bullrun (= Open New Bullish Channel) - Bears Are Vulnerable -- Saturday Bear Trap Was Successful -- Bears Are Tired: Multiple Bullish Divergences On RSI - Bulls Are Powerful -- Bulls Are Still Energetic: Higher Highs on RSI -- Historic Invincible Support Hit -- Smart Money Bought The Dip -- Psychologically Tempting Target: $40k -- Funding Rate Favors Longs -- Excellent RRR: 400% -- Every Time In History When BTC Hit This Support Then Hit $40k Within A Week -- Next Week Will Be Green --- Starts From Today 🌌 OUR SIDE: POSITION: Long LEVERAGE: x10 ENTRY: $32 000 STOP LOSS: Daily close below $29 900 and staying there for six hours TARGET: $40 000 $33 000 - $34 000 TP1 ✅ We Hold Our Position & Go For TP2: $40 000 - $42 000
BINANCE:BTCUSDLong
by Elysian_Mind
6
The RSI explained ! how to identify buy and sell signals Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain what is the RSI and how to use it to identify buy and sell signals with this oscillator , everything you need to know about this indicator is right here. Its been around since the late 70s so its probably one of the more established oscillators out there . So lets check out the formula and how the RSI works : RS=100 -100/1-RS RS (relative strength) average X day up / average X day down So simply lets say we are using a 10 days average so we check how many days the price closed up and we add them and we divide by 10 which would give us the average X days up. And we do the same for the average X days down but we calculate how many days the price closed down and then we add them and divide by 10 ,And after all of that has been calculated we will always get a value between 0% and 100% And that's why the RSI is considered a bounded oscillator it means that the value will always be between 0 % and 100% The oscillator has 2 major zones which are the overbought and oversold zones. Anything above 70% is considered overbought and anything below 30% the market considered oversold . So when the market reaches overbought zone it tells us that the market has gone up to far and its due a bounce back down , and the same when it reaches oversold zone it means that the market has gone to far down and its due a bounce back up. So looking to buy or sell when the market reaches oversold and overbought is one strategy . But because the market moves a lot and reaches these levels so much this way is not as reliable that much , the better way to use the RSI is to check if it has a divergence with the market price. what is a divergence you may ask !!! A Divergence is when the price of the market is moving in the opposite direction of a technical indicator, such as an oscillator, Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. These signals of divergences doesn’t happen that often but they do give us a better way to use the RSI . And there is it that’s everything you need to know about the RSI and how it works it’s a really simple oscillator and its one of the most popular oscillators used by technical analysts. _____________________________________________Make sure to Follow, Like & comment for more content_____________________________________________ If you have any questions please ask Thank you for reading & watching .
Education
by GabiDahduh
1
Bitcoin 2021: RSI divergence A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price. RSI divergence is primarily used to determine when it’s time to sell because prices are likely to drop or when a general trend reversal is in the cards. As a leading indicator of a trend reversal, divergence should be combined with other technical analysis methods when making the decision to act on a specific investment.
Short
by RNiedson
2
A nice trading idea on AMC! 🤑Yes, we have something nice going on here! The breakpoint is the 49.79, and AMC has this weird RSI with some good divergences. We are just at a support level in the 4H chart, doing a good candlestick pattern. If AMC triggers the buy sign, the 65 will be the target! Let’s pay attention to these signs! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
NYSE:AMC
by UnknownUnicorn21312077
All going as planned! 👍 How to proceed now? 🧐Again, PLTR did exactly as we planned, and it did hold around the support area we talked about yesterday. Just like WISH, we have an RSI divergence + advanced breakout. All of this is great, and tells us there’s a good chance PLTR will do something good next. In the 4H we are still oversold, and we do have a good candlestick, as we expected. Now there’s a good chance PLTR will fly again but remember: Always trade with a strategy! I do have mine, be sure to have yours! I see PLTR at 25 is it triggers its buy signs! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
P
by UnknownUnicorn21312077
4