Stochastic RSI - StochRSI Definition

[Daily Discussion] Sunday, December 29, 2013

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Bitcoin - New Trend Beginning?

Hello traders. Today I'm going to give you an update on bitcoin and where the price is heading next. I will be writing in a longer term perspective.
There are really great stuff coming for bitcoin that makes it fundamentally strong investment at these low levels. Following news and keeping eyes on these projects that are coming to bitcoin might give you an idea. I'm trying to keep this unbiased and also it is worth to keep in mind that this is not an financial advice. Do your own research and if you decide to invest or trade these decisions are totally up to you.
Overall sentiment and atmosphere is very bearish. Main reason for this is that a lot of people bought at the high prices, expecting high returns but each time it showed signs of a bullish reversal, downtrend resistance was hit and it dropped even lower. This is likely a good buying opportunity because when overall sentiment is pessimistic, markets are likely to recover soon after. This is known as "the herd effect" when majority of people follows a bit behind and have made some losses.
Anyways let's get to the technical part.
In the both charts (Linear & Log) - both downtrend lines got violated and it got pierced through. Linear managed to recover back above of the uptrend line and which also rejected strong support level found at $6.800.
[Image 1 LOG-chart]
[Image 2 LINEAR-chart]
The linear chart (Longer term) is showing us signs of recovery on the daily timeframe.
StochRSI has taken oversold position, pointing upwards and has a plenty of space to move upwards. RSI agrees with StochRSI when it took oversold position, bounced and now is pointing upwards Hammer pattern which can be found at $6.800 level. The price is heading towards the first resistance zone which has acted previously as a support area. This area should not be neglected as the price might have a minor pullback from this level. More details on this down below.
[Image 3 The Daily Chart]
Confirmations are very important when it comes to trends. The daily candle needs to close above of $8000 resistance level to give a bullish confirmation and that the price is wanting to move further upwards or needs to break above of it with force to indicate that buyers are back in the game.
To see full bull mode on, the price needs to breach above of the second resistance level which can be found in between of $9.000 level and $9.500 level. This is why it's crucial to follow the price movement near to the first resistance zone and see which direction it will take from there. It's worth noticing that after huge downtrend, recovery should not be expected to happen quickly. Recovery from a bear trend takes time and will gradually turn in to a bull trend.
[Image 4 The 4h Chart]
The 4h chart (medium term) is showing signs of exhaustion and minor pullback should be expected soon.
StochRSI + RSI takes overbought position Hovering close to resistance zone ( formed by $7.500 level and $8.000 level) where it's likely to have minor pullback before moving back up again. No bearish divergence other than on the 1h chart (not reliable / confirmed yet) Conclusion: The daily and fundamental aspects of bitcoin are showing that with these prices it's likely a good opportunity to open longer term trades. If it does manage to break above of the first resistance zone, then there are two ways to enter this breakout:
The breakout The retest of the breakout For the short term traders minor pullback should be expected and for the longer term, it's starting look good.
DISCLAIMER: Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
https://steemit.com/bitcoin/@yarbitcoin-signs-of-the-recovery-in-process-new-trend-beginning-technical-analysis-4-3
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[project]Open source Avarice automated OKCoin trading infrastructure

Hello CryptoDev! Firstly, here's the Github Project. As always, the README is well maintained, and it will probably answer questions better than this post will. This is the third update regarding this project.
There have been two prior (non cryptodev) posts about this. The first post includes basic info and background on what made me decide to start this project. The second includes some additional updates. http://www.reddit.com/BitcoinMarkets/comments/275hrc/open_source_avarice_automated_okcoin_trading/ http://www.reddit.com/BitcoinMarkets/comments/27kjjc/updateopen_source_avarice_automated_okcoin/
There have been a plethora of new features, improvements, cleanups, and fixes since the last posts.
For any of the following changes, you may also look at the commit logs on Github. Without further ado, here are some recent changes with small bits of info accompanying:
(Yet) Again, this is only as powerful as your configuration. However, I've attempted to create a strong base for community involvement; one that can additionally be easy to understand and configure for even the most common of trader. Also worth noting that quite often, even the simplest strategies can be profitable.
If you have a suggestion, please don't hesitate to post no matter your ability to contribute. I will not complain about "too much" community involvement.
EDIT: Just merged loggerdb branch and fixed scheduling issue with resuming. What does this mean for you? We now support resumption! https://github.com/Galts-Gulch/avarice/commits/master . So if you have 30m candlesizes and MACD with defaults, quit immediately after a candle for a computer reboot, the reboot takes 12 minutes, then the software handles the database, then resumes running in 18 minutes (and will let you know that) :) This ultimately would save you that 13hours of getting enough data to act on again.
Regards, John Galt
submitted by lJohnGaltDev to cryptodev [link] [comments]

[UPDATE!][Open Source] Avarice Automated OKCoin Trading Infrastructure

Hello again BitcoinMarkets! Firstly, here's the Github Project. As always, the README is well maintained, and it will probably answer questions better than this post will. This is the third update regarding this project. Here are the previous two posts: http://www.reddit.com/BitcoinMarkets/comments/275hrc/open_source_avarice_automated_okcoin_trading/ http://www.reddit.com/BitcoinMarkets/comments/27kjjc/updateopen_source_avarice_automated_okcoin/
There have been a plethora of new features, improvements, cleanups, and fixes since the last posts.
For any of the following changes, you may also look at the commit logs on Github. Without further ado, here are some recent changes with small bits of info accompanying:
(Yet) Again, this is only as powerful as your configuration. However, I've attempted to create a strong base for community involvement; one that can additionally be easy to understand and configure for even the most common of trader. Also worth noting that quite often, even the simplest strategies can be profitable.
If you have a suggestion, please don't hesitate to post no matter your ability to contribute. I will not complain about "too much" community involvement.
Regards, John Galt
EDIT: Just merged loggerdb branch and fixed scheduling issue with resuming. What does this mean for you? WE NOW SUPPORT RESUMPTION :) https://github.com/Galts-Gulch/avarice/commits/master . So if you have 30m candlesizes and MACD with defaults, quit immediately after a candle for a computer reboot, the reboot takes 12 minutes, then the software handles the database, then resumes running in 18 minutes (and will let you know that) :) This ultimately would save you that 13hours of getting enough data to act on again.
submitted by lJohnGaltDev to BitcoinMarkets [link] [comments]

Stochastic RSI - More Sensitive than RSI - Trading Tutorials in Hindi #11 Short-Term Trading Tips: Bollinger Bands and StochRSI Stochastic RSI Tutorial - Bitcoin Technical Analysis Stochastics RSI WINST MAKEN MET CRYPTOMUNTEN  STOCHRSI INDICATOR

MACD & StochRSI MACD & StochRSI for FTX:BTCPERP by goksche23 — TradingView StochRSI 54 MACD -47.2 Published at Thu, 20 Aug 2020 17:54:12 +0000 Liquid News. Annoucements People of Liquid. Go to Liquid.com. Go to Liquid.com. Posts by Tag. Insight (153) Trading Strategies (143) Blockchain (56) Beginner Guide (24) Guest Post (24) Guides (17) Liquid Product (13) Industry News (1) See all. Crypto Blog - News, updates and industry insights. How to use Stochastic RSI . By Liquid In Trading Strategies January 21, 2019. The Stochastic ... All Crypto Coin & Token News 2. Category: Tether (USDT) USD/BTC oversold StochRSI . 3 years ago. frankyf4fingers. 1 min read. according to StochRSI, there will be downside movement from this point. This article was originally published on: The Tether Blog on February 10, 2018 1:54 am ← BTC/USD will go under 8000 according to StochRSI → Potential Bearish Bitcoin Scenario. You may also like ... The Stochastic RSI, or StochRSI, is a technical analysis indicator created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values. Its primary function is ... Bitcoincharts is the world's leading provider for financial and technical data related to the Bitcoin network. It provides news, markets, price charts and more.

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Stochastic RSI - More Sensitive than RSI - Trading Tutorials in Hindi #11

Monero is a new coin using the CryptoNote protocol. It's based on Bytecoin, which was coded from scratch and is not a descendent of Bitcoin. XMR was launched on April 18, 2014. Pang Pinoy. Quick Getaway Trading tips Guide lang po ito hindi po ako nagcliclick ng buy and sell button niyo. Be responsible. AAX Exchange supports this video 10% Discount on Trading Fee on AAX - https://bit.ly/join_aax Reduce Fee - https://aax.zendesk.com/hc/en-us/articles/90000094... Wat is StochRSI en hoe kan ik hiermee winst maken met cryptocurrency? In deze video leg ik je daarover alles uit en laat ik praktijkvoorbeelden zien. Mocht je na het bekijken nog vragen hebben ... How To Use StochRSI In Forex & Stock Trading ... Bitcoin RSI Tutorial - Relative Strength Index - Bitcoin Technical Analysis - Duration: 16:45. Coinigy Bitcoin 48,295 views. 16:45. Mix Play all ...

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