Today at 13:30 UTC / 8:30 ET the BLS releases updated labor market data, including a November unemployment rate, after the shutdown-related data gap.
Unemployment rose from ~4.1% in June to ~4.4% in September. A stabilization would ease recession fears and could fuel a risk-on rally.

Twitter

As mentioned before, we'll trade at key levels!

If it can firmly hold above that level, then we can aim for the previous high!

If it fails to break through, don't short immediately. A drop would require a pullback, making it less cost-effective; it's better to avoid trading unless a downtrend emerges on a smaller timeframe.

Shill signals | BTC

Bear markets are great times to learn. Here's an ultimate use of RSI:

Absolutely top-tier alpha!

Your previous methods are definitely wrong, and RSI is never a beginner's indicator.

Know that RSI is a Relative Strength Index (RSI), a momentum indicator.

Initially, people used overbought/oversold conditions to understand it. In recent years, people have used RSI divergence to analyze charts.

But RSI's greatest treasure lies in trend-following trading, specifically in divergence pullbacks. This is the key tool for getting on board in a major trend.

Actually, there are two main RSI strategies:

1. Profit...

Alpha Sharing | RSI Usage That 90% of People Don't Know

Binance recently officially announced its project listing roadmap and detailed registration instructions, revealing the entire "path" a crypto project can take from its very early stages to being listed...