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Bearishdivergence

BTC Daily: Bearish divergence - Ichimoku - Rising wedgeBTC Daily Let's keep the chart and analysis as simple as possible. The daily shows a bearish divergence between RSI and price. It could mean that bears are ready to take control again. The rising wedge also signals a reversal pattern to the downside. So where does it go from here? As a first target we could see a retest of the Kijun line on the daily. Further analysis including moving averages and fibonacci levels can be done separately for further indications on price targets. (Coming soon) Trade safe.
Short
by Elpidaldo
$BTC upcoming correction? Bearish Divergence on daily timeframe.Hello there ladies and gentlemen, BulloTaurus here with fressh Bitcoin analysis for today . If you look at Bitcoin's monthly timeframe across top exchanges, you can see that #BTC had the highest monthly close since December 2017. “History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain. I like to refer to Mark Twain's words, but if you look now, again in December, but for this time after 3 years, in 2020, we are on the same 20.000 resistance level trying to break from the rising wedge and hopefully close this monthly timeframe with a new ATH with a round number. Last week we closed with a Bearish Spinning Top candlestick pattern. Another confirmation of possible bearish action is the bearish divergence that you can see on the chart above. I would avoid trading before a full trend confirmation of maybe after a potential upcoming correction. Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
COINBASE:BTCUSD
by BulloTaurus
VET Bearish divergenceVechain forming a bearish divergence on the daily channel with the MACD. It has broken the downtrend, however you could draw this trendline in a different way (connecting it to the most recent high), which would invalidate a break of the downtrend. Entry: around 62 sats SL: 56 sats Target: 95 sats Where do you see Vechain going? ------------------------------------------------------------------------------------------ Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot!
Long
by Coinathlon
2
BTC USDT 4h bearish divergenceHas BTC reached the top and will we see a healthy correction before exploring new heights? I received a lot of calls from friend with the question should I buy more, sell or hold. At this moment nobody knows this answer, which is actual also not through. The big wales will dictate in what direction we will go. What does this technical analysis is telling us: - If we look at the 4h BTC-USDT chart we can clearly see a 4h bearish divergence. - if we look on the monthly BTC-USDT chart we clearly see a double top . - We also see on the weekly chart an overbought sell signal which means that RSI , Stoch RSI , Volume etc.. are in the overbought zone. - The fear and greed index is @ 94 All those indications are an indication that we probably reached the top for the moment. Based on those indications I would say that we could see a healthy correction. This does not mean that you need to sell all your BTC right now. Now, when should we sell some BTC . I will only sell when we see a clear breakdown of the 4h support line and if that line becomes resistance, and if we break down on the wedge in the OB/OS zone indicator. So if we go through this line I will not sell immediately but if we hit that line in the next wave up and we can't break it I would sell some BTC (max 25%). Now if we go down how far can we go. According this technical analysis we could go down for about 35% and find support on some big support line around the 0.786 fib @ 11896 USDT (always look left on the weekly chart) This is also the lowest we could go. I don't believe we will ever see bitcoin going below $10000 Sheers,
by seoco
BTCUSD: A Potential FadeReasons to consider getting out of short risk exposure if the highlighted area fails: Bearish Divergence Break of Structural Gap Overextended state These reasons might trigger some traders to short or sell this pair; however, in terms of probability, the market still favours bullish bias, evidenced by the context to the left. The break of the highlighted bullish structural gap area can serve as a warning for short risk exposure. If that happens and higher timeframes close below that area, that can be considered as a decent indication towards further downside for short risk exposure. Constructive discussions are always welcome, just drop a line in the comments section.
BITSTAMP:BTCUSDShort
by Zoen_Trieste
2