Get started

Bearishdivergence

BTCUSD: 0.618 Retrace Likely Before Continuation HigherBitcoin has Formed a Peak during after a 5th wave while trading at the top of a Broadening Consolidation Structure and showing Bearish Divergences. If things were to go as one would expect, I would think BTC should have around a 20% pullback to about 23k which would take us back to the POC and would be a 61.8% Retrace of the Local Low to High. If we can then begin a rally from the 61.8% retrace, it will then be a Potential Partial Decline which would almost guarantee that BTC Bullishly Breaks out of the Broadening Pattern upon making contact with the upper trend line. If this were to happen I would say BTC could very easily see 40k but I also think that it's very likely that this will be the pivotal point that begins Bitcoin's greater rally up to $60,000 then $146,387 as can be projected via the volatility trends that can be seen in this chart below:
INDEX:BTCUSDShort
by RizeSenpai
BTC/USD 3-Day Chart - Bitcoin could surprise everyone. BTCUSD INDEX 3-Day chart the first key level resistance is $ 25.3k, was Bitcoin's first test. Our breakthrough candle was on March 17, we are trying to print our confirmation candle. We have not confirmed that we have passed our first test, still 2 days left for confirmation candle to close. We have a bigger test and more important key level which is around $ 28.4k, this is very strong resistance, stronger then our previous test. Confirmation of $28.4k as a support will officially be start of a bull run. We can also see a bearish divergence forming on RSI as BTC headed to the most important resistance level, indicates we might get rejected from this level and come back to conquer later some time eventually.
INDEX:BTCUSD
by cryptoknightt6
"Swing Trading COIN: Bearish Divergence and Golden Pocket Setup"Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN . Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move. Enter short position: Once the break below the 50 EMA is confirmed, consider entering a short position at a price level slightly below the 50 EMA. Set a stop-loss order at 58.10 to minimize losses if the price moves against the trade. Set take-profit level: Set a take-profit level at 44.62, but consider taking into account the whole golden pocket between 52.78 and 43.78. The golden pocket is a Fibonacci retracement level and could act as a significant support level. Monitor the trade: Monitor the trade closely and consider moving the stop-loss order to a trailing 5% once the trade is 15%+ in profit. This can help protect profits in case of sell exhaustion. Also, consider oversold levels as the price approaches the profit target. Note: This trade setup strategy is based solely on technical analysis and does not take into account any fundamental factors that may affect the price of COIN. It is important to conduct further research and analysis before making any trading decisions, and to only risk an amount you are comfortable with losing.
NASDAQ:COINShort
by OccamsPhazer
1
RSI BEARISH DIVERGENCE ON WEEKLY & DAILY CHART. Hello to everyone, As we can see there is a bearish divergence in RSI & PRICE on weekly & daily timeframe. This is indicating that price has not much momentum to go upside. We can expect a trend reversal in stock price but only RSI divergence does not confirms the trend reversal. If any bearish candle or bearish pattern forms than only we can go for the short position. Traders, if you liked this thread , write in the comments. I will be glad. Attaching previous idea of ITC
NSE:ITCShort
by Jha_Nidhi