RSI Trading Style: FAST vs SLOW Cross-overs

If you don't know how to get in and out of a trade when you trade on daily, then try this approach. That is very effective in stock market as well as in crypto according to my experience.

Here is a running example of bitcoin, where it is long since 6000 since the RSI9 is above the RSI14. The exit plan is when RSI9 falls on or below the RSI14. If RSI9 stretches down further i.e. below 46, it is a short opportunity.

Update: July 24, 2018
Here we are again, back with this trade. See yourself how good the reversal was based on this.

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Bitcoin (March 18-30): Integrated Gann Fan Analysis & Trades

https://invst.ly/6-gn0 In this chart you can clearly see how the time & price are related when the fall happens in early Gann angles (1/8 to 1/2) & then the price pulls back as a bear flag & then takes time until it reaches the Gann 1/1 (45deg angle). That severs as a resistance and the price moves along this line until it completes the correction cycle i.e. ABC. Then the price breaks out and results in a swing i.e. bull run since it is over 45 degrees & chances are greater that BTC will either move sideways or do a bull run. Based on this, I decided to go long.

Bitcoin Arrives at the Next Swing Zone (Oct 18): A Major Move with 6 Months Long Trend Ahead

Throughout the year, I have been following just one Fibonacci time zone prediction that worked very well. Whenever BTC arrived closer to these zones, something has to happen for some reasons: (a) Previous trend was losing steam (b) Extended cosolidation June 24 was the best example though when BTC closed below support (6K) & recovered in the following day. Thus, the swing zone prediction worked very well and the declining trend put a rally that gave significant profits. The rally failed an till Oct 18, the zone held the support & never closed above 6135 (on GDAX). If you see my previous analysis, whenever BTC lands on the support, I kept on finding evidences of volume/momentum divergences. What do we see now is that BTC holds the support with regular and hidden divergences against the volume and momentum indicators. Recent events, drop on Oct 11 to 6135 & breakout on Oct 15 of 6800 both turned fake. Here is a chart annotating the four fake drops, which held the ...

Bitcoin 6K Support - Another Correlation betwen 2014 and 2018

Many traders will find abundant similarities between two crashes and may say that the history will repeat itself. However, we as a trader mostly overlook things. Here is another important aspect that we have overlooked. Bitcoin first drop during high volatility days defined the support as indicated in red ellipse. This held true in 2014 and was never broken. This also holds true to-date as 6K support was briefly touched but was never broken for weeks. Bitcoin rebounded at least three times from this support and this will be the fourth time if it does again. If this analysis or view is true, then 6K is our final bottom.

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