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Oversold

30min timeframe RSI bot works!:)I decided to put my money where my mouth was, and trade based off the RSI. I made a BOT that would trade LTC off 30 and 70 Low and high RSI. It would buy at 30 rsi on the 30min and sell off the 70. It worked...but it could have done better. It would buy then the price would drop lower and then come up or sell and the price would go up and then come down. It had a very sensitive trigger in other words. But it saved itself a few times and sold right before a drop and didn't see any massive losses. I think, the worse it saw was -.61% and after a month it is at 6.8% gains. All use stop loses and this is not ADVICE This chart are my sales. I made fewer sales to catch a higher or lower price. It's a solid process and I think using leverage I might be able to capitalize on it.
COINBASE:LTCUSDLong
by UnknownUnicorn5174798
1
USDJPY - RSI & Stochastic Oversold! - and other confirmationsHi Traders! The market is in a strong Downtrend. As you can see the market also reached the Support. The momentum of the price decreased too. The market is at the moment in a descending wedge. The Trading Idea is simple: Just wait for the Break of the Upper Trendline. We have these confirmations now: RSI is oversold Stochastic is oversold Market at daily Support Decrease of Volume after High Price Action The faster the market reaches to a S&R Level, the deeper it bounces back (in usual situations). We recommend to trade the Breakout with a wide SL. Thanks and successful Trading :)!
Long
by swissmoneymakers
Macy's way oversold on the dayI know this is going to take a turn here in session. Way oversold and below VWAP. CFO had some comments that where realistic and shorts came to pounce on it. Nothing material since they just closed more-than-100% their marketcap with this round of financing. Looking to 430PM EST as the CEO is live to the nation talking about positive foward looking statements that will hopefully send the shorts home packing. Load up here and have a 10% stop loss. Won't be surprised at all if this closes in the Green as the S&P is starting to take a turn.
NYSE:MLong
by GK-Trades
12
Support zone & Sideways moving comingThe upper line of the channel should be support zone beside that it could reach 1.2450. So I wait for one more upside movement to a little new high to 1.2660 - 1.27 resistance. And after that coming a backtest once again so we should prepare for sideways trading. My view is on the Elliott pattern. I do NOT like the pejorative phrases like OVERBOUGHT/ OVERSOLD in the trend, but in the sideways movement, I take the overbought/oversold situation seriously in bounded indicators like RSI, Stochastic etc. So if I am right in the sideways view then Overbought will create a falling and vice versa.
Long
by MoodandMarkets
Usdchf is getting strong before continued sell offThis week im expecting some retracement on uschf before we see continued selling pressure. price seems to be over extended and is heading in an area of support. if on a lower timeframe we see a shift in structure from bearish to bullish and a break and retest of structure we can look for buying opportunities targeting 0.9650 area or even 0.9675. at those respective levels there is a very strong possibility price will continue its overall down trend.
Long
by lefergs
Fortinet - Flag on 10smaSoftware companies have really enjoyed the rally year-to-date. Fortinet shocked the market with a triple play in earnings, which resulted in a jump to start the "All-time-high Run" TWLO, SHOP, OKTA, TTD are some examples of stocks with very similar moves, indicating oversold territory in the RSI can stay oversold for longer than you might expect. Also, the 10-day-moving average has been very indicative in these charts. As long as we continue to hold the 10sma, the trend remains bullish.
NASDAQ:FTNTLong
by dorfmanmaster
2
BTC Dump to 8800 or 79001. Weekly stoch is oversold and reversal is eminent 2. Daily, 3 Day, and Weekly volume is near zero at 10k resistance. 3. Daily volume has been decreasing as we approach 10k resistance 4. Weekly candle is short with no wick. We couldn’t break 10k resistance 5. Bearish divergence on 3 Day stoch. Entering oversold range 6. 7, 30, 50 Day EMA are converging. Sign of reversal or consolidation. 7. 55 Day EMA has been consistent S/R over the past year. Test as support @ 7900? 8. High liquidity @ ~8800 & 7900. Targets 1 & 2 for short position POTENTIAL TRADE: Short Enter --> 9780 Target 1 --> 8800 Target 2 --> 7900
BITSTAMP:BTCUSDShort
by Riester
2
RSI vs. William's % Which One To Use, And When?Cryptohopper Newsletter Bitcoin’s rebound seems to have slowed somewhat, with a correction of more than 10%. However, the price now appears to be pushing higher again and is close to this month’s high. Depending on the kind of momentum indicator you have selected, you might or might not have taken advantage of this opportunity. In this week of technical analysis, we will look at two different momentum indicators: The RSI and Williams % and see which ones are the best to use and when. Without further due, let’s start by diving into the RSI! RSI The Relative Strength Index is one of the most used momentum indicators in trading. The RSI is a momentum oscillator that fluctuates between oversold and overbought . When RSI is below 30, it is generally considered to be oversold and at the right time to buy, and when it is above 70, it is usually regarded as overbought and a good time to sell. The RSI is significantly slower than William’s %, and as such, it can be used effectively on larger time frames to predict recovery from more significant market crashes. In a bullish period, though, the RSI might give minimal signals only. Let's now look at William’s % William’s % William’s % is another momentum oscillator that is frequently used by traders. Just like the RSI, this indicator oscillates between oversold and overbought zones. When this indicator is below -80, it is said to be oversold, and when it is above -20, it is said to be overbought. William’s % is faster and gets into oversold or overbought zones quicker and a lot more frequently than the RSI. As such, Williams % can be used very efficiently in a bullish market as it will quickly and efficiently mark each pullback the uptrend has. However, the indicator may provide too many signals in a bearish market, thus leading to significant losses. RSI + Williams % In conclusion, the RSI is better used on the more extended time frames in order to identify the reversal of significant crashes, while William’s % works better in an uptrend. What some traders do, and it should generally be avoided, is using the two indicators together to provide a buy signal. For example, using both the RSI and Williams % and then buying when they are both oversold. However, this can be very dangerous, as Williams % will show oversold each and every time the RSI does too, and as such, you are really only relying on a single indicator instead of two. With that out of the way, it is possible to use both indicators together on different time frames successfully, but we will cover this another time!
Long
by cryptohopper
2
The Different Ways To Trade The StochasticsCryptohopper Newsletter The market has been very volatile over the past month with Bitcoin crashing 65% to 3,800$ . The price has since made an astonishing 80% recovery in one week from March 13th until the 20th. Following the recovery to almost 7,000$; the price has continued to range between 6,900$ and 5,600$. During the crash, many traders have attempted to buy the dip, just to see it dip even lower. Today we will explore how you could mitigate this risk by using stochastics with region crossover. Without further due, let’s get into how you could have traded this past month by using the normal stochastics and the stochastics with region crossovers. Different stochastic strategies There are many different ways to use stochastics. Today we will explore 2 of them, along with their advantages and disadvantages: Stochastics oversold: This strategy involves getting into a position when the stochastics drop below 20. This strategy works better when the broader trend is in your favor, as it is expected for the price drops to be shortlived and to continue moving higher. The advantage of this is that you will be getting in at the lower prices in an uptrend. This strategy can be very dangerous during a market crash though, or when the price is bearish in general as you will be getting in the trade, while the price will continue to drop further . This can be seen very well in the first three trades where the price continued to drop lower even though the stochastics were already oversold. Stochastics with region crossover: This strategy involves getting into a position once the value of the asset in question rises again above 20. This strategy can work very well in a downtrend but also in an uptrend depending on the severity of the pullback. In a downtrend, this strategy increases the probability that you are entering the trade only when the momentum is back in your favor. This can be seen by the first three entries in the graph where the buy point was 7%, 8%, and 16% lower than with the oversold strategy In an uptrend, if the pullback is very large then this strategy will again ensure that the price will not continue [/b its descent once you enter. However, if the pullbacks are not very severe, then you will enter at a worse price point. Overall the stochastics with region crossovers is more conservative and can lead to higher profits when the markets are volatile, as it is the case right now. Join us at Cryptohopper, where you can automate both of these strategies along with many others!
Long
by cryptohopper
1
NCLH sweet tradingNow to note on some of my trades went, well not great due to the virus. HL options expired and everything pretty much dropped. Even though I had some bear options on amd and spce. The virus didn't give a dam about it and if you were a bear you were lucky a little if you weren't reading the virus early stages in China, which AMD dump was given. Now on to NCLH and why I'm bullish. First the news -On friday trump signed the 2trillion dollar stimulaus package with 4trillion set aside in case the 2trillion fails...hint hint it will fail. -Now NCLH and the cruise lines weren't in the relief help in the bill, so on Friday and today they tanked with fear - Trump has stated he will be buying/bailing them out with only NCLH leaving his mouth, so NCLH could be a safe accumulation phase and probably the most volital stock...I love it -NCLH, only one I heard, is proactive and leasing their ships to the US gov to fight the virus and help treat people. -One concern is that their staff has been reported lying about what NCLH is doing, yet the company told their emplyees to stop spreading rumors and the lies. Now the virus, yes the virus is needed to do TA with uncertain so lets cover global news on it. -USA becomes number one in case, yet still fewer deaths besides in major cites/high destiny population -Vaccine/treatment is suppose to come later this fall, yet the average time of a vaccine is over a year, so next year is likely candidate to end the virus/be able to treat it. -More and more world leaders are catching the virus and could cancel/delay the US elections. Now into NCLH TA -Side note I read that there have been alot of put sellers at the $10, yet take it with a grain of salt during this uncertainty and may be just stupid money against crusies. -Now overview on the lines: -the purple box is the range a bought NCLH on March 19 with the first blue horizontal line being a sell before it went to $20. -Green line at $9.88 is todays buy near market open with that insane dump with fear from friday one could say -Second blue line is the low of march 25-26 which could be a top with this buy in with the idea we could get into a tight range before making the big move. -First red box of 30% is from todays buy to the low mar 24 before it had its move to $20. The second one is from todays buy to the low of the trading range of mar 25-26 -Emas are still far apart and looks towards more downside -MACD looks like its gonna go bullish with a crossover as the selling platues out, could make another hill so still risky trade -RSI is oversold, but not deadly oversold, just oversold by today. -Volume is dropping and have an expected massive move soon since volume is still up there as today bulls hold the low $10 range. I'm bullish on NCLH cause it was hit one of the hardest since china came out with the virus early this year. From what I read NCLH is the most proactive crusie line and during this bear trend in the market, I believe sub $10 or whenever you are confident there is hugh potential and upside. Also going on the assumption as the president said they will bail/buy out NCLH after discussion and them leasing their ships out is postive news to accumulate on and could get a bigger cut when they get their releif. Long esposer may hurt, but during this time and with a cheap price this is a great swing trading stock during this market.
NYSE:NCLHLong
by nathanielx9
Overbought and oversold on XRPBTCUsing the Williams R% oscillator indicator since July 2019 we can see overbought and oversold states on XRPBTC. Here are two types of vertical lines: greens and orange. The green lines are the moment when the position should have been open and the oranges when it should have been close. The arrows show whether price should have risen or fallen according to the indicator. The conservative signal for a long position is when the line breaks up the bottom dashed and the -50.00 line. The signal for a short position is the mirror. At this time, the signal is for a long position from 27 Mar until the line breaks down the -50.00 line again. Note: Stop loss and take profits are only illustrative. Chart: D
Long
by Manuelsilvat
Short Term Bear Market Rally The next resistance is around 265 (dotted red line), then if passed, SPY could test a 50% fibonacci retracement back to near the 280 level (other dotted red line). SPY on the daily chart is looking strong with the Stochastic line coming off of oversold, the MACD signal line just being crossed, and it breaking from the previous downward channel. We are looking at a short term bear market rally. I don't see it lasting longer than another week or two. 280 will be a difficult resistance to pass, especially as bad economic news continues to surface. The underlying economic shock caused by COVID-19 will keep the bears in control.
AMEX:SPYShort
by PerryWave