Get started

Bearishdivergence

BTC TO $37K OR $29K??? Hello folks, Welcome to this BTC update in a daily timeframe. If you haven't checked my previous BTC update then do check it out. The link is in the related ideas section, below. Alright, in my previous chart, I mentioned the bearish divergence formation and the possibility of the BTC price action. We were assuming BTC to reach at least $50k before it falls down but it failed to do so and got rejected from $48825. So far it's an 11% drop and this may possibly continue. Now, as per this chart and the RSI, we may see a bounce from the $37300 level, and if that happens BTC may try to reach the $50k resistance once again. However, the current situation is bearish and if the bearish scenarios continue to grow then BTC won't hold the $37k level as well which will ultimately lead the price back to the $29k level. Remember, the market never goes in one direction. We saw greens in the last couple of weeks and now it's time for the reds. I am sticking with a possible bounce at the $37k level where we can enter into altcoins and make some money but we will surely wait for the confirmation first. I hope you find this post useful. Do hit like and share your views. Thank you.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
2
***VERY IMPORTANT BITCOIN UPDATE***!!! RED ALERT!!!Hello folks and welcome to this 'RED ALERT' BTC update on a daily timeframe. If you haven't click the 'follow' button then do it right away. Make sure you read this analysis thoroughly. As you all know that BTC did exceptionally well after the sudden fall from $52900. Everybody in the market (including myself) showed the bullish scenarios for BTC which was a good thing. But is BTC really bullish? To answer this question, let us observe the chart carefully. Bitcoin is forming a bearish divergence in the daily timeframe which is not a bullish sign at all. In Feb 2021, BTC formed a bearish divergence, and in May 2021, BTC dropped and fall almost -52%. It took exactly 3 months, where the market was creating a hype that BTC will break its ATH but it turned out totally opposite. Now, we are here again with the same bearish divergence. July 2021 is the month when this bearish divergence formed and after its formation, this is the 3rd month running. So, you guys are smart enough to guess what could possibly happen next. Ok, so, if BTC tends to fall again then what will be the possible exit plan? Well, according to the chart, BTC should hit the $50k mark once again, and then we may see the dump. But if the market shows some bearish sign then we have to deal with it. However, on the other hand, if BTC breaks above the $52k resistance then it will be a completely different story. Currently, BTC is making a move above the 21 MA (this is exactly what happened in May 2021). The important areas we need to observe as per the daily chart are:- 1. BTC bearish divergence. 2. 21 MA & 50MA bearish crossover. 3. BTC reaching the $52k resistance. I seriously don't want BTC to go bearish rather I want BTC to break the ATH but we all need to face the reality. In my honest opinion, after observing the chart, I am biased towards the bearish side of the market. I may be wrong on this and my chart may get invalid but I am aware of both the bullish and bearish scenarios of the market. If you find this T.A useful and worth it then do like and share it with your known people. What do you think about the BTC price action? Is BTC gonna reach its ATH or is it another trap? Share your opinion in the comment box. Trade safe.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
4
Bearish Sentiment on $AAPLRecent News - Apple reloads its stock with "new products" which aren't so new but with a higher price tag (Bearish). Epic Games v Apple (Bearish). Losing the fourth Apple car exec this year (Bearish). Quad Witching Sept 2021 (Leaning Bullish). Trend - We're just coming off a bullish trend that helped us reach an ATH of $157.26. We broke that trend with a strong pullback from ATH with the Judge's ruling over Apple's in-app purchases. We're also still in this wedge pattern, which I believe we'll break from it within this month (hopefully next week). Candles/Volume - We saw three wide body candles with strong, above average volume to validate them. We currently have two hammers with average volume which indicates that the buyers are holding at the ~$148 support level (could possibly be a reversal - volume makes me think not). I can see the buyers becoming exhausted and the price dropping down to the next support level of ~$145. If by chance the buyers don't step in at that price or they become overwhelmed, we can easily see the stock drop -8.78% from ~$148 to ~$135. MA - The 200 MA has also be a previous strong support. Which it would currently fall at ~$135 if the market decided to pull back. RSI - Starting up from July 7 to present. There is a bearish divergence on the RSI. MACD - I believe it's just starting to pickup momentum with the signal line already having crossed over the MACD line. We also see a bearish divergence with the MACD, just like we saw with the RSI. Constructive criticism would be appreciated.
NASDAQ:AAPLShort
by madbroke
3
Bearishly Engulfing The Weekly At Critical Levels: SPX Update #3I have been tracking this channel for awhile and giving occasional updates on the price action within it and i am seeing that we bearishly engulfed the weekly at the top of the channel as bearish divergence continues this may signal that this would be the last week we see any sort of attempt to achieve higher highs for a long time. Additionally we are at a 1.618 Fib extension so this would be the perfect area to reverse from.
OANDA:SPX500USDShort
by RizeSenpai
AUDCADIN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point which is 0.9284 and if this level break than we try to achieved TP2. NOW talk about stoploss which is very important so our SL is This red resistance zone 20 to 25 pips above this zone.
Short
by naumanfx_