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Stochastic Oscillator

USDCAD Long Term Trade(Est 60 days)There are 3 confluences indicating a possible 4000 pip trade. 1.The weekly candle is showing a bullish signal indicating a Bullish reversal. 2.The stoch oscillator also shows a divergence which also further strengthen that the pair would go bull. 3. The price has reach the bottom of the upward trendline. This further indicates an increase in price. This trade will take around 2 months to reach its estimated outcome. Be patience to earn those big bucks. Happy trading everyone!
Long
by nazmi.shapie1901
LTCUSD- Trading The Stoch RSIHi all, I would like to present to you an educational piece regarding a particular trading methodology. This involves using the Stoch RSI indicator as your primary utility. This trading strategy is only as good as your money management strategies are. Everyone employees different money management strategies, so how you approach this is up to you. This can be used for any coin/stock, so long as you set stop losses that you are comfortable with. This trading style requires you to be fairly liquid, and it's akin to a fast pace version of swing trading, depending on the time frame. This trading style works best on the smaller time frames (5m, 15m, 30m, etc.), and it's advised you set proper stop losses every time. The trading strategy is quite self-explanatory- when the Stoch RSI enters the oversold territory, you get ready to open a long. When it enters overbought territory, you exit the trade or open a short. The reason this trading style may be seen as favorable is because it allows you to circumvent extreme volatility, therefore minimizing extreme downside. Remember, the best traders are okay with losing trades, so long as they win on average. By employing this trading strategy, you are less concerned with the current price of the coin, or where it may be headed over the course of the next few days/weeks/months. What you are ultimately interested in is riding a 1-3% rally up, then promptly exiting. The beauty of this trading strategy is that you can find a multitude of coins that will go through this process, and if you get a good rhythm going, you can constantly find trades to set up and win. You must accept the fact that you won't win every trade you enter, and you must accept that you WILL lose money, but as long as you have a consistent strategy to follow that works, you will succeed. Just be aware that this particular strategy requires a level of attention similar to that of scalping. You can of course do this on larger time frames, but you will obviously be trading far less waves. In the example I've charted, for example, if someone traded all those intervals successfully, they'd have earned 45% over 9 days, which is obviously a great gain. No one is able to actually trade that accurately, but it's clear that the potential is there. Remember, successful trading is just as much a complementary positive psychology as it is anything else. If you get yourself into a winner's mindset, you will begin to win far more. Happy trading!
COINBASE:LTCUSDEducation
by NickPadovani
BNB_Descending Broadening WedgeHello everyone, looking at the 1 day chart we can see a risky trade setup that involves some decent returns. The overall trend has been bearish, but, there is a large potential for a broadening ascending wedge (Bullish formation.) The catalyst? The upcoming BNB coin burn. The entry point will be anywhere in this blue box support zone, especially inside the descending green trend lines. The set up: Buy 1 = $12.10 Buy 2 = $11.80 SL $11.50 Profits 1 - $13.20 Profits 2 - $14 Profits 3 - ??? Risk/Reward Ratio With $12.10 buy : 1:83 and 1:3.1 With $11.80 buy : 1:4.67 and 1:7.33 I know it sounds crazy, but we have some indicators and support levels to support this: 1) The blatant large blue support zone. This has acted as strong support in the past previous runs all the way upto $18. 2) The 1 day Stoch RSI has reached a triple oversold position before reaching above the overbought, and currently sits in the oversold position. 3) The 1 day momentum shows a slight slowdown in sell pressure. 4) MACD sell pressure appears to be lesser than when the price was at $14.50. 5) RSI is very low, around 30ish? Counter arguments to buying: 1) Volume has been declining. 2) MA 100 and 7 bearish cross. 3) MA 25 getting closer to closing below the MA 100. 4) The overall trend has been bearish. 5) BTC uncertainty and crazy volatility. I've bought in the first buy zone and have a second one set up. I'm doing so because the R/R is VERY good here. I'm not saying that we will make a bull run and reach all time highs, but there is a very good chance of at least a temporary reversal here. With that said... *Disclaimer, this is not financial advice. Any positions you choose to buy is 100% your responsibility. What I mean is that you take on all the financial risk as well as all the financial rewards. -May BTC reach mars before Elon Musk
Long
by gendark2
2
BTC Dip Over - Ready to Test 10kStill within the upward channel and has bounced off the bottom as resistance. Upward movement on the 4h RSI, bouncing off support at mid-high 40's. Oversold on the Stoch RSI, looking to cross shortly. 4h MACD has formed a triangle and will test the bottom now. If the MACD drops below support, or the RSI turns and drops below 45, expect a lower dip. However, I predict a bounce will be occurring shortly. Next target is the top of the channel, which aligns nicely with the 10k mark. Expect a pull back from that point. *My Opinion - Not financial Advice.
BITFINEX:BTCUSDLong
by green_brow
IOTA Drops Out of Channel, Wave 1&2 complete - On to wave 3IOTA fell out of its upward channel with a huge dip today of 15%. RSI is now oversold on the 4h, and has touched RSI resistance of 30. Bullish cross forming on the Stochastics RSI. Wave 1 has completed with this correction. We are seeing bullish signals now, looking as though wave 2 might have finished as well, but be careful as we have not seen an ABC correction on the way down. Either way, looking for wave 3 soon to take to new highs. *My opinion - not financial advice *
Long
by green_brow
WTF Bitcoin- Crucial Trial Time- Pop or Drop? WTF Bitcoin? Looks positive, but a very big trial point for the coin. Could pop or flop. All the great news is bullishly comforting and other big players are suggesting bullish outcome. Equally, many people think BTC will drop. A nice Head & shoulders is forming (TBD). Inverse Head & Shoulder hopefully pops to a resistance line of $11,700 Or Or test $10800/$11000, get rejected and drops down to $8800/$8500 The STOCH RSI is very similar to previous levels when it did a bull trap at $8200 to $9300 and then dropped significantly. We shall see, we shall see.
BITFINEX:BTCUSD
by seanstew73
BTC 1h still has momentumDear day traders, RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope. Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now. I am closely watching 8400 resistance and 8100 support level. If we see a bull break the next test levels would be the previous 8600 and then 8900. Otherwise 7800 should be our next resistance, but if we form a higher low (higher than 7800) this would look very bullish, at least on an hourly perspective. I will update as soon as I wake up tomorrow. Just my 2 cents. Hope you guys find it helpful.
COINBASE:BTCUSD
by UnknownUnicorn2547327
"Classic" Oversold Ethereum Classic (ETCUSDT)Hello again trading friends. I apologize I have been extremely busy in clinic and have not had the chance to dig into some fun technical analysis recently. I also usually don't like to comment too often, as it can drive myself and others mad with speculation. However, I have been eyeing ETCUSDT for a bit and my alarms went off as it plunged into the "oversold" zone. Let's diagnose this bad boy. On the 4 hour chart, ETC is showing positive divergence(most clearly shown on RSI, but you can also make it out on the stoch). Positive divergence is where the RSI is trending up while the price action is trending down. It is a classic sign that a reversal may be imminent because sellers are losing momentum. It's also important to match this up with historical supports/resistances as well: -Support at ~ 21s -Historical support dating back to even November 2017 at 19s ... even lower at 14s -Resistance at 28s (not only due to historical data, but also check the thick blue line which is the 200EMA) For even further evidence that a reversal may be imminent, check the Daily chart: See the RSI dipping its toe into "oversold"? See what happened last time it dared to take such a bold move? Price action reversed from around 14 all the way up to the mid 40s!!! Around a 300% increase! Look at the context of the RSI being oversold too: it was during a positive trend(pink EMA above blue EMA). When a coin is oversold during a positive trend, a rebound will usually happen. As a general rule though, don't rely on your RSI in the following scenarios: If it is above 80(overbought) during an uptrend. If the RSI is below 20(oversold) during a downtrend. This makes logical sense when you think about it. OF COURSE when there's an uptrend, the price action will . And I think it goes without saying, but don't ever rely on simply one indicator alone. Let's see whether this reversal can take place, or if ETC will dip even farther to the 19s or 14s Stay healthy folks <3 -Doc
Long
by DontWatchDoc
Current state of BTCIf you have been following my analysis over the past few days, you should of made a tidy profit as we have been spot on. This is a quick chart to show where we stand and where we are headed, still bullish and will be holding my long position until I get a clear sign of a reversal. IF the 5 & 8 ma cross below the 13 or we have a sudden red candle that pushes below the 13ma , I will be watching very closely for an exit. We can always buy in after the correction at a lower price level. Good Luck G'day Thanks for dropping by, hopefully, you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
BITFINEX:BTCUSDLong
by TroyByrne
Lots of bearish posts on BTCUSD lately, is it warranted?Okay we have had some sizeable drops over the last 24+ hours and we are starting to see a lot of bearish calls about BTC going down under 8k. Generally, when we get into this type of mass mindset, the contrarian in me says go the opposite but lets first let's look at the charts and how things are setting up. I have linked notes on this chart, so it is pretty obvious that we should see BTC break out of the sideways movement (accumulation/distribution) to the top side, we are in a bullflag/pennant currently and moving towards the end of a large symmetrical triangle that is set between the two major longterm trend lines, both very bullish patterns, we are sitting in a zone of overslod and have been there for quite a while, as well as some divergence on the MACD but will need to watch, for a crossover of the signal line. As usual, if you are not in a trade already and you plan on getting in, wait for an entry and confirmation of a breakout, if you are using leverage, keep it low as this will take a few days to playout. Good Luck Friends and remember this isn't financial advice and I in no way am advising you to actually trade, I am just trying to share some nuggets of knowledge, to help you be better informed.
BITFINEX:BTCUSDLong
by TroyByrne
1
BTCUSDT just dumped and took your coins for a further advanceI hope we all had set ourselves enough of a stop or you just got liquidated. BTC just dumped like a crazy poopcannon ;). Hold on, don't panic sell, this is just a shake out. RSI and Stoch are pointing to a reversal but we may have another leg down yet before we head back up. IF you are not in, might be worth waiting and if you were me , I ladder in some more buys as we fell. This is not always the best idea, you should never buy a falling star but it help me cost average down my original buy in price and i''m fairly confident in my own TA. We will soon see Good Luck
BITFINEX:BTCUSD
by TroyByrne