Million $ Secret - My RSI & MACD Combination for killer entry points!
#IATA #TechnicalAnalysis #RSI #MACD #RSIandMACD #KillerCombo
https://www.patreon.com/InvestAnswers
IA TA Tuesdays(InvestAnswers Technical Analysis Tuesday)
Featuring IA TA Tuesdays - RSI & MACD Million Dollar Secret featuring Bitcoin, Microstrategy, Snowflake Baidu, Invitae, Trade Desk, Shopify, Palantir and Nextera Energy.
The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
0:00 Introduction GOAL: 100K Subs in 100 Days so I am giving away this secret. I made it to 92K in 94 days so maybe 100K is possible.
0:30 IA TA Tuesdays - RSI & MACD
The Logos in order 9 Bitcoin, Microstrategy, Snowflake Baidu, Invitae, Trade Desk, Shopify, Palantir and Nextera Energy
IA TA Tuesdays(InvestAnswers Technical Analysis)
RSI & MACD
3:00 Relative Strength Index (RSI) is used to assess price momentum
Measures how quickly traders are bidding up / down the price of a security
RSI scale is 0 to 100
below 30 generally indicates oversold ie time to buy
above 70 is overbought ie time to sell
RSI
4:00 MACD Moving Average Convergence Divergence (MACD)
Momentum indicator that shows the relationship between 2 moving averages
MACD is Short-Period EMA less Signal ie the Long-Period EMA ie longer one from shorter one
4:30 MY Custom Settings
5:00 Timeframe For RSI and MACD Combo best to use 4 HOUR timeframes.
5:30 Does TA Predict the Future? Doesn't predict the future
Identifies patterns. Period.
It is a Lagging Indicator
Awesome for signals and affirmation
Charting Tool TradingView
RSI + MACD Charts
Bitcoin, Microstrategy, Snowflake Baidu, Invitae, Trade Desk, Shopify, Palantir and Nextera Energy.
17:00 Conclusion 4 Hour Timeframe is key
I use Custom Settings
Great for affirming entry signals
Good for identifying sell signals
BEWARE:
Do not trade on TA Alone. Make sure you take into account all fundamentals.
Pros and Cons
Future IA TA Tuesday Videos
VPSV
Stochastics
Bollinger bands
Candlesticks
Fibonacci retracements
On balance volume
Up Trends (bullish)
Down Trends (bearish)
Consolidation (range riders)
Volatility
IA TA Full Agenda
Trend lines
Support & resistance
Moving averages
Exponential moving avgs
RSI
MACD
RSI + MACD
Breakouts
Gaps
Momentum
Want more?
(you know what to do!)