Couple points to consider 1) RSI 2) Bullish divergence as drawn 3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move) 4) 5 oscillators flashing bullish on 3D chart For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on...
Couple of things to note here: USDT pair: Support on 1D and 2D GRM Triangle breakout BTC pair: Oversold on 1W (also 3D,4D,5D,6D...) Massive bullish divergence + multiple indicators flashing green Check charts below and verify for yourself
Posting for my own future reference. In short: - USDT pair not looking extremely bullish, but there is some support on the 2D GRM - BTC pair printing strong bullish divergences on multiple timeframes (majorly oversold on 1D/2D and very strong indicators flashing green on 1W(!) chart)
1D chart. Posting for future reference. (bored, cant write extensive explanation on :long: decision)
Posting for own future reference RSI is "sell" zone Price above BB If today closes red (5.5h remaining), then idea is confirmed. Same for 3D BTC pair: Targets: 0.13, 0.11, 0.09 - 0.08. I really don't see it going any lower. The indicators say "short" but minimize leverage, as this coin has proven to be highly volatile.
Macro wise I am still very bullish on BTC. On lower timeframes such as the 1D/2D a bearish divergence is printing. The Bollinger Band squeeze indicates an imminent move and, in tandem with the RSI and the plethora of oscillators printing bearish, it is probable we see some downside (small correction) in the coming days. Targets and divergences marked on chart.
One alt that hasn't popped yet. Nice little breakout from the falling wedge and backtest. Initial targets 0.5, 0.55, 0.62 (don't quote me on them).
In this market I wish I had more money to invest ( "you need money to make money " ). Anyways... Observe the above 5D chart (USDT pair). Consider the following: 1) Price has declined nearly 87% from its all-time high 2) Falling wedge pattern on RSI 3) Price sitting at previous resistance/support (no indicator this level will act as support now though) 4) For...
Very nice pair of indicators flashing bullish on 1W USDT pair. RSI not where I would want it to be ideally, but still a strong case. Posting the chart for my own future reference.
Shout out to Mr. WW for the title quote. Where do I begin with this one... 1) RSI in oversold zone. Applies to both USDT and BTC pairs. 2) Price quickly and in succession printed out of Bollinger Bands due to the recent FUD. Move is unsustainable and will have to reverse back into BB (upwards). Applies to both USDT and BTC pairs. 3) Multiple indicators flashing...
Consider the 2D USDT pair above: 1) RSI is in oversold, "buy zone" 2) Bullish divergence as drawn 3) Price and RSI breakout on 3D BTC pair 4) Dragonfly doji printed on 5D BTC pair after large downtrend, signifying trend reversal Targets (initial): 1.5 - 1.6 - 2.3 USDT Timeframe: Weeks (don't know exact number) Leverage: 3-4x ( if we get a green candle...
Observe the 2D chart above. Couple points to consider: 1) Bollinger band squeeze (the blue circles ) indicating a big move about to happen. 2) RSI hovering around the oversold area for almost a month 3) Price 90% down from ATH BTC pair chart below with the same points applying: Initial targets 0.21-0.25-0.3 Timeframe: Week to a couple of weeks
I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances...
Refer to chart. Already started dumping very brief desc very brief descvery brief descvery brief descvery brief descvery brief descvery brief desc
On the weekly chart above: 1) RSI has been heavily oversold for quite some time. 2) Bullish divergence as drawn, RSI forming descending wedge. 3) Price has declined over 90% from ATH. Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!) Initial targets 41-54...
This is TA and it doesn't care about your feelings or fundamentals. Just wait until the FOMO hits. Not financial advice. Trade is long term.
Check the above chart. Couple points to consider: 1) The massive falling wedge forming 2) RSI bullish divergence and RSI crossing 50 3) How close the bollinger bands are. Look at the circled red lines, they are copies of themselves. Last time the bands where this close BTC rallied 250%! 4) Market sentiment and fear. Everybody is waiting for lower prices and...
Observe the 2D chart above. Breakout from the bullflag, with extension marked on the chart. Also a Bollinger Band squeeze can be observed on the 2D USDT pair. TImeframe: No idea Return: 1x-1.3x Leverage: 2-3x