Good morning, traders, investors, and everyone aiming to profit from the crypto market! 🌅📈
This is your Strategy Master – the only guy in crypto bringing you a weekly Cycle analysis with a clear, concise breakdown of when Bitcoin (or other cryptos) hit overbought and oversold territories 📊.
As always, no affiliate links, no gatekeeping, and no fluff (sorry, Milkroad) – just straightforward insights on today’s market risks ⚠️.
You may have noticed the trend arrow leaning slightly left – this signals that Bitcoin is overbought on the Weekly Cycle Indicator ⬇️ . Curious what this looks like on the chart? Let’s dive in 🥸 :
Alright, if you’re new to the newsletter, you might be thinking:
Don’t worry, it’s simpler than it looks. ➡️
Here’s a quick breakdown 📉:
- The blue line 🔵, or 1-Day Cycle Indicator, tracks Bitcoin’s short-term trend (about a week). It ranges from 20 (oversold and primed for a reversal) to 80 (overbought with potential downside). Right now, it’s showing signs of reversal around 29, hinting at a bullish week ahead 📈.
- The violet line 🟣, or 3-Day Cycle Indicator, has been spot-on in predicting the trend for the next 12–18 days and excels in a sideways market, like the one we’ve seen the past six months. It’s moving toward 80, indicating there’s still upside in this 3-day cycle, so next week may indeed be positive 📊.
- The red line 🔴, or 1-Week Cycle Indicator, gives a longer-term outlook. Although it’s trending upward from mid-September, it’s now in overbought territory (currently 93), signaling that a longer-term trend reversal (1–2 months) could be coming soon ⏳.
Great insights, Strategy Master! 🧙♂️I’m considering a quick trade to ride this last leg up 🚀. How can I get access to these indicators❓️
As promised in earlier newsletters, access to my TradingView indicator – featuring 1-Day, 3-Day, and 1-Week cycles – is finally here! 🎉 To get it, invite two people to subscribe to this newsletter (you can find your unique link below). After they sign up, reply to this email with your TradingView username (a free account works perfectly), and I’ll add you to the script 🔑.
Here’s what you’ll get: 📥
This script identifies overbought and oversold zones using Cycle and Stoch RSI indicators across Weekly, 3-day, and Daily timeframes 📊.
1. Color-Coded Zones for Clear Signals 🎨
- Light Green 🟢: Shows when the Weekly Cycle falls below 20, an early oversold signal.
- Dark Green 🟩: When both Weekly and Daily Cycles fall below 20, indicating a strong oversold zone and a buying opportunity 📈.
- Light Red 🔴: Shows when the Weekly Cycle exceeds 80, indicating early overbought conditions.
- Dark Red 🟥: When both Weekly and Daily Cycles exceed 80, marking a strong overbought zone and a good exit point 📉.
2. Customization Options 🛠️
In the settings tab, you can:
- Enable the Stochastic RSI to be used alongside or instead of the Cycle indicator 📐.
- Activate the 3-Day Cycle (or Stoch RSI) for shorter-term signals 🔄.
While optimized for Bitcoin, this indicator is versatile for other assets like Gold, Silver, Stocks, and Altcoin/BTC pairs 🪙💰.
Strategy Master, this is awesome! And it’s free! 😍 What’s next on your plate? 🚀
Next up, I’m working on automated entry/exit alerts for top coins via Telegram 🔔. Don’t miss my future emails – make sure they land in your Primary Inbox 📬. Soon, you’ll be profiting from crypto with less than an hour a week on the charts 🕒.