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Bearish-divergence

BTCUSD - Short on 4hrThis would be a short term trade, as we're trading against the trend. Key takeaways: Price topping out around 200 day MA Lower volume levels on the bullish price action It looks like a bearish divergence on just about every indicator that I use regularly. -MACD -Stochastic -StochasticRSI -RSI/SmoothedRSI I would look for a test of our old channel resistance or 50 period 4 hr MA to take profits. It's a difficult time to trade against the bullish sentiment and price action but in order to break these divergences Bitcoin will have to pump HARD and probably break the 200 day MA. If I were trading this with margin I would definitely keep TIGHT stops, if it does go the other way could easily hit 10k. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
COINBASE:BTCUSDShort
by BigBitsIO
God save the Reversed Bullish class A!Yeah. A very strong triple reversed bearish divergence c.A has just kicked in. This is a sign of a great bearish pressure. But a small return fire finally came from the (asian? already? hard to keep up with everything...) markets and we have consumed a lot of the impulse related to this divergence by another small divergence - but this time a reversed bullish class A. And you know what? Not dropped yet... The resistance at 7167 is very VERY strong. The price rarely goes below. So this proves bulls still strong. But the changes are obviously coming! Now we either drop to 6800+, and then flatting for a week or so, and then rocketing up, OR simply rocket up right now I say. The market is a lot more faster then the years ago. I believe we may even pump in a few hours, when the Europe banks are open!!! This reversed bullish class A is like a star! It holds the all pressure from thousands of greedy bears. And holds, surprisingly! It may fail, but don't fear - if a dip to 6800 happens this will be the finite la comedian for the depression period for GOOD! All bull! P.S. The reversed bullish class A generally confirms the continuation of the parent trend. It is mostly formed as a correction inside a bigger structure.
COINBASE:BTCUSDLong
by orbborisson
1
Short DAX, bearish divergence on Daily TFDivergences are a powerful way to identify trend movements/ reversal points alongside other indicators The chart of XETR:DAX shows a scenario in the recent past where we got a great bullish divergence where price made a lower low, not confirmed by RSI and in hindsight, would have been a great entry point Also, from where we are, there is a bearish divergence, again RSI not confirming the recent surge in price movement. Calls for a short position, with TP at 0.786 Fib retracement levels and SL right above recent highs If you like what you see, please leave a thumbs up and your comments Cheers
XETR:DAXShort
by LoveForCharts