I'm long bitcoin againI have a few indicators that tell me whenever i should accumulate or distribute.
On the Weekly timeframe:
1. Does my Accumulation/Distribution band show Red or Green.
If Red:
2. Is RSI above 70 and RSI SMA above 50?
3. DISTRIBUTE
If Green:
2. Is RSI under 30 and RSI SMA under 50?
3. Is BTC price +- 80% down from ATH?
4. did 50 & 100 SMA Death cross happen?
5. ACCUMULATE
There is a few more things i take into account but this is the minimun needed that worked in the past and i believe will work again in the future.
For now i'm DCA'ing in slowly untill we see a Death cross on the 50 & 100 SMA AND/OR a drop to -80% from ATH.
If you have any questions feel free to contact me
Relative Strength Index (RSI)
⚡️ #ATOM/USDT - Potential 450% ⚡️⚡️ #ATOM/USDT - Potential 450% ⚡️
Entry Conditions:
Developer activity & social metric on-chains has spiked since July 7th, whilst supply held by whales is 43.8% and continuing to rise.
- Bullish Divergence
- RSI Daily Trendline Breakout
Entry: - 7.4 - 11
TP1: 14
TP2: 20
TP3: 33
Yolo: 43
SL: 5.1 or HOLD
Common RSI Structure (Falling Wedge) I keep seeing this RSI structure appearing everywhere
Here are two examples of two different coins
Both show a falling wedge pattern on the 4D timeframes
This is a strong bullish pattern and if it is applicable to indicators such as these the bulls are definitely coming
BNB/BTCHi investors and traders,
BNB/BTC setup looking good for an ATH.
To support this idea check my previous BTC/USD which is shows the bottom was in. At least for short term.
Oscillators looking good.
Forming a bullish pattern with good probability to break out.
Price action above 21 EMA on 2 weeks which is so powerful.
Correlated with BTC dominance price, DXY chart, BTC chart and ETH/BTC will follow, it seems that the markets want a bounce (maybe a bear market rally) until the end of year.
GOOGL updateMake it or break it moment for GOOGL before earnings. Fall back to the diagonal trendline, although it's still increasing and also RSI is increasing, let's see if it holds. Tried to break through the resistance multiple times and still trading in a channel. Things are getting tight. Earnings next week.
Multi-Timeframe Analysis of $MSFTIn this multi-timeframe analysis of Microsoft $MSFT we discuss the possibility of bullish price action in the month of August. Another leg lower to the 200ema on the weekly cannot be ruled out (~217), but if we break out of the descending wedge and above the 21 ema on the weekly, we can have upside targets of 283 and (in the event of a major bullish move into September) 307.
GMT - USDT Can Go HigherHi traders, as can be seen from the daily chart there are good bullish signals for this pair although overall the market still remains strongly bearish. First we see that the MA50 has been broken and the price right now uses it as a support. Second, there is a large bullish divergence in the RSI. In conclusion it is possible to see that after the first impulse from the 0.55 area, the price is now in a range that could with a good probability break up.
Not a financial advice!
Good spot for a bullish reversalWe're at a good spot for a bullish reversal on BTC. The next few days will be telling.
- Rejection at the bottom of the bear flag
- Primed to break back into the large descending wedge (white).
- Three weeks of growing momentum on the MACD
- MACD primed to break through 7-months' support-turned-resistance
- RSI primed to break through 8-Months' resistance
SPY and NDAQ looking to breakoutThe price on both charts are attempting a breakout of the previous resistance line. On this chart, you'll see we are currently testing a previous resistance line. The stock market could start to see a bullish rally for the next few months. We have CPI data coming out on Wednesday. Most investors will use this to see if Fed's will be dovish or hawish when it comes to fighting inflation. My opinion is that they will be dovish since we have seen inflation decrease in June. There are many people who still believe 75bp hike is gonna happen. Any rate hike under 75bp is bullish. August and September should be bullish months as well.
Indicators showing bullish momentum:
Stock price above previous resistance line
MACD is green
AO is about to cross zero line
RSI broke 50 value, and looking to break again
EUR/JPY: bullish divergence and break outEuro/Yen Japanese break out this structure and want to continue climb that we could to get a good trade in this par. And also we forming a bullish divergence in the RSI and price action too.
We're in this way forming a bullish divergence
In Daily timeframe it's look bullish from this key support zone above 138.50 JPY.
I put a buy order limit to $138.76 JPY, Stop Loss to $137.98 JPY and target to $140.00 JPY. This it's look a potential trade to find up 138 pips.
This it's a quickly analysis today. I hope that this idea support you
Good luck!!!
Selling CADCHF at the high of last week Firstly let's remember this is a counter trend.
We already have made some progress by shorting EURCHF earlier this morning.
There is a pattern to sell this which is now stuck at the stop loss level.
Selling this with a tight SL.
Will take profit as soon as there is any strength in this pair.