My post about BTC a week before when it was hovering around 65k and 66k , everyone was saying it was going to fall said it would go 70k on Monday and successfully hitted 71k$ , Follow for more accurate signal and analysis of BTC #BTC #btcbullrun
nice information but not always good to follow these signal lines , I follow only one indicator which is sentiment .
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Understanding Technical Indicators
RSI(14) Stands for Relative Strength Index. It is a momentum indicator used to identify overbought or oversold condition in the stock.Time period generally considered is 14 days. RSI reading below 25 is interpreted as oversold. RSI between 25 & 45 is interpreted as a bearish condition. RSI between 45 & 55 is interpreted as a neutral condition.RSI between 55 & 75 is interpreted as a bullish condition. RSI reading greater than 75 is interpreted as an overbought.MACD(12,26,9)Stands for Moving Average Convergence Divergence.It is a trend following momentum indicator. For calculation three moving averages are taken which are 9 day EMA, 12 day EMA & 26 day EMA. The 26 day EMA subtracted from the 12 day EMA alongwith the 9 day EMA which is the "signal line", together give buy/sell signals. If the MACD is above 0 and crosses above the signal line it is considered to be a bullish signal. If the MACD is below 0 and crosses below the signal line it is considered to be a bearish signal.Stochastic(20,3)It is a momentum indicator. It shows the location of the close relative to the high-low range over a set number of periods. Time period generally considered is 20 days. Readings above 80 indicate a security is overbought. Readings between 55 & 80 indicate Bullish condition. Readings between 45 & 55 indicate Neutral condition.Readings between 20 & 45 indicate Bearish condition.Readings below 20 indicate a security is oversold.ROC(20)It stands for Rate of Change. It is a momentum oscillator that takes the current price and compares it to a price "n" periods ago. Time period generally considered is 20 days. The ROC is plotted against a zero line that differentiates positive and negative values. Value above 0 indicates Bullish condition. Value below 0 indicates Bearish condition. Value equal to 0 indicates Neutral condition.CCI(20)It stands for Commodity Channel Index. It gives an indication of trend change & also the momentum within the trend. Time period generally considered is 20 days.CCI is relatively high when prices are far above their average & relatively low when prices are far below their average. The CCI typically oscillates above and below a zero line, above zero line it enters into positive territory & below zero into negative territory. Normal oscillations will occur within the range of +200 and −200. Readings above 200 imply an overbought condition, while readings below −200 imply an oversold condition. CCI between -200 & -50 implies a bearish condition. CCI between -50 & 50 implies neutral condition. CCI between 50 & 200 implies bullish condition.Williamson%R(14)It is a momentum indicator which indicates the current closing price of the stock in relation to its high & low of the past 14 days. Its purpose is to tell whether a stock is trading near the high or the low, or somewhere in between of its recent trading range. Readings between 0 and -20 imply an overbought condition, readings between -20 to -50 implies bulish condition, readings between -50 to -80 implies bearish condition and readings between -80 to -100 imply oversold position.MFI(14)It stands for Money Flow Index. It is a momentum indicator that measures the flow of money into and out of a security. Time period generally considered is 14 days. MFI considers both price & volume to measure buying and selling pressure. Very high MFI that begins to fall below a reading of 80 while the underlying security continues to climb is a reversal signal to the downside. Conversely, a very low MFI reading that climbs above a reading of 20 while the underlying security continues to sell off is a reversal signal to the upside.ATR(14)Stands for Average True Range. It is a volatility indicator which indicates the degree of price volatility at an absolute level compared with its 9 SMA. Time period generally considered is 14 days. If the value is greater than its 9 SMA it considered to be Highly Volatile. If the value is less than equal to its 9 SMA it is considered to be Less Volatile. It does not provide any indication of price trend.ADX(14)It stands for Average Directional Index. It indicates only the trend strength. It is a lagging indicator; that is, a trend must have established itself before the ADX will generate a signal. Time period generally considered is 14 days. When the ADX line is rising, trend strength is increasing, and the price moves in the direction of the trend. When the line is falling, trend strength is decreasing, and the price enters a period of retracement or consolidation.A falling ADX line only means that the trend strength is weakening, but it usually does not mean the trend is reversing.Bollinger Band(20,2)Stands for Bollinger Bands. It is a technical analysis tool defined by a set of lines plotted two standard deviations (positively and negatively) away from a simple moving average.The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average.It is believed the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market. Approximately 90% of price action occurs between the two bands. Any breakout above or below the bands is a major event. The breakout is not a trading signal.$BB $BTC $BNB #Binance #bitcoin #BBto1usd #supportBB
$BTC my post about BTC yesterday when it was in the range of 66k and 67k , I said it would go to 70k$ but hitted 69200 due to less volume in stock market , still bullish on BTC , follow for more accurate signal and analysis of BTC
$BTC the people who are spreading hoax about BTC is going to 52k$ are in actually losses , the shorted the BTC in the range of 65k and 66k , don't follow them , keep your long position opened we gonna see ATH on Monday #ETHETFsApproved #BTC #btcbullrun
$BTC BTC will hit 70k$ today , according to my point of view , the decline was just because of profit taking , happened in eqyuity market and crypto market yesterday
$BTC stocks markets are going for correction of ten to 12 percent , commodities markets are also crushed by lower consumer demand and growth factors , only crypto market is left and investors are coming this time with billions of funds to surge it to 80k$ by the end of this month , Be positive don't sell by seeing a minor correction
$BTC Untill next next PCE report , BTC and gold prices will keep on rising hitting new ATH , Gold 2500$ and BTC 80k$ , hotter report will push prices down , Gold from 2500& to 2400$ and BTC 80k$ to 70k$BTC
$BTC BTC will not dump , the people who are waiting for it to fall in the area range between 63k and 64k , it will not go there to open your position , I am seeing BTC is going to hit new ATH just like Gold , like all the commodities btc will also pump to new ATH , My bet is 80k by the end of this month
It's so ridiculous buying BTC at 70k , the best buying opportunity it's offering now , in the range between 66k to 67k , NVIDIA earnings are coming on 23rd of may which will push down NASDAQ , it will have negative impact on BTC as well at the price 71k , NVIDIA earnings will make the price of BTC oscillate between 71k$ and 69k$ , it's best time to buy
$BTC The only way to make profit in crypto is to follow sentiment , If it's positive than buy , Now there is no chance BTC will dump again and again just as we have in the past few days after halving , Now sentiment is positive and it will rise and rise and make new ATHs , From may to December 2024 it will remain between 60k to 100k , Best time to go for long on BTC now
$BTC Get over it seeing dumps for the last month , stop spreading negative news about BTC dump , It has very good correction and embedded very low , now it's time to breakout , in next two weeks will see new ATH
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