GPOR - Bullish Divergence Found. Risky But Could TurnGulfport Energy Corp. is an independent oil natural gas exploration and production company. The company focuses on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids, and crude oil in the United States. Its principal producing properties located along the Louisiana Gulf Coast. The company was founded on July 11, 1997 and is headquartered in Oklahoma City, OK.
SHORT INTEREST
23.75M 08/15/19
P/E Current
0.98
P/E Ratio (with extraordinary items)
0.73
P/E Ratio (without extraordinary items)
2.67
Average Recommendation: HOLD
Average Target Price: 6.79
Bullish-divergence
Trade of the Month - Binance Coin BNBReasons of Placing the Trade:
Oversold RSI with divergence
Volume Decrease on a sell-off.
Multiple reversal attempts along the bearish move
Time to discuss some real shitI see a lot of people comparing this area to the 20k top in 2017. During this consolidation period, sentiment has ranged from extremely bullish to extremely bearish with only a small few that I have witnessed, publicly acknowledge the macro consolidation length and what it may mean.
In 2017, we spent 2 weeks grinding the top of the range before plummeting to a 64% drop from peak *63 days* after we topped.
In 2019, we similarly spent 2 weeks grinding the top of the range but have spent the same exact amount of time ranging 35% up and down as it took the the price to drop 64% in 2017.
There are plenty of other marked differences as well, such as the halving timing, in 2017 the halving had already occurred and people were chasing a fundamental event that was already priced in. Additionally, alt coins are not booming like they were in 2017, there are no speculatively fervent bubbles at risk of the needle prick. People who watched the space balloon in 2017 can't process the fact that capital moves cyclically, like in all spaces. Depending on the length of the underlying cycle things can happen fast or slow, regular or irregularly, but eventually a cycle will be found.
I think that a cycle has been found in crypto. Bitcoin leads the market and peaks near 90% dominance before capital has the incentive to move into altcoins. I don't think we've reached this part of the cycle whatsoever. This usually comes after Bitcoin makes new all time highs.
70 days of 30-45% ranging, with plenty of things like the fear and greed index being extremely low and the fear of recession among retail investors with very little experience tells me that people have risked off but will not shy away from re entering this market as risk-on investors as soon as the prices threatens new highs once more. There is still plenty of money to be invested into Bitcoin.
To some this may seem like a moonboi rant of sorts, but I feel the community is far too bearish at this point in time. We have risen in a manner which implies Bitcoin has entered an entirely new cycle. Nothing on the macro level has really confirmed the suspicion of those who anticipate a drop to 6000, 7000, 8000. There are a record number of people who missed the boat in this cycle, and I believe it shows in sentiment.
The people who didn't miss the lows of the cycle and are exposed safely, or have profited and since rebought and sold many times, will not shy away from Bitcoin. The USD is currently undergoing a massive weakening due to its monetary policy and fiat currencies around the world are plunging because of this as well. There is high levels of correlation between all of the paper money in the world and very little collateral behind any of it. When confidence is high, things are fine, but in times of uncertainty people look away from traditional safe havens and find alternatives. Bitcoin is a unique asset because it is versatile. It can be added to the portfolio as a hedge to particular things, even gold. But it is , unlike gold, also able to be considered a risk-on asset and this means that it has the potential to attract many types of investors.
The date is August 30, 2019. The chart to me, shows a massive consolidation that is preceded by a 300%+ rise. Very rarely in history of Bitcoin does it start a cycle of growth and not finish it in a parabolic blow off. If this was that parabolic blow off, I reckon we would have been -64% by now.
What were you doing on August 30? Were you bearish or bullish?
PT - Bulls Found - Upward Move To Resistance Coming Pintec Technology Holdings Ltd. engages in the provision of financial services through technology platform. It offers solutions relating to point-of-sale financing, personal installment loan, business installment loan, wealth management, and insurance. The company was founded by Wei Wei, Barry Freeman, Xiao Mei Peng, and Jun Dong in June 2015 and is headquartered in Beijing, China.
SHORT INTEREST
242.86K 08/15/19
P/E Current
-10.20
P/E Ratio (with extraordinary items)
-11.10
Bullish AIONBTCMy expectations about AIONBTC are, that it´s going to pump in few hours. There are some facts, why it should be like that. 1. Massive increase in volume 2. Aion respected trendline from April 2019 3. Bullish divergence 4. AION price stopped decreases on fib. retracement 200% from last big move up.
AUD/JPY - Divergence Trade @ Support ZoneAUD/JPY has formed a bullish momentum divergence at a long-term support/resistance zone (defined by my algo - see Related Ideas for more info).
Short-term support is in the 71.50 area - so look for a retest of that level. It could be a good entry point.
Short-term resistance is in the 72.30 area. Once that level is cleared there's not much until we start hitting the long-term target zone of 74.40 - 74.80.
As always, it's best to wait for a favourable entry point. So a retest of the short-term support zone, or a breakthrough followed by retest of the short-term resistance are good R/R areas.
All the best.
DD
SNCBTC weekly chart [possible trend reversal?]This is my first post on TV, just trying to figure out where the price will go next.
I'm a big fan of SunContract and have been following this project for a long time now. Since there is a lot of noise in the price for shorter time frames, I chose the weekly chart to do my analysis. In this chart we can see a bullish divergence forming, meaning there is a high chance of a trend reversal. Also Stoch indicator in the oversold area, signalling a good zone for long entry.
DISCLAIMER: I'm not a professional trader, so don't blame me if this doesn't work out as planned.
Addera care AB - Long-Hidden bullish div on the weekly chart.
-2.0 fib on the ABC correction.
Looking to long with tight stops. @ least to the target presented. If the trend is strong I might keep the trade active.
5.94 SEK is looking most promising the low entry, however, just place a buy to guarantee getting filled.
//Trori
Positive RSI divergence ARK ETHARK dropped a lot recently in ETH value.
Looks like we've made a positive RSI divergence on the daily, and this should be a signal for a profitable trade to get in with potential to double ETH holdings targeting around the 0.002500-0.003000 ish level.
This is not financial advice
My opinion only (I could be wrong)
XRP to 0.29 or 0.37 - hourly MACD bullish divergence XRP seems to have found a resistance bottom, at least temporary. There also looks to be a bullish divergence on the MACD as well as an extreme oversold. If the market stabilizes, XRP could easily make a run to 0.36-38. If not, it'll move lower to 0.29 at the very least - probably further which would be pretty brutal for XRP seeing as it's almost at it's 2018 low already.
We also appear to be at a long term log support which you can see at another authors XRP post here:
LITECOIN Ready To Show Altcoins The Way? (210% Profit)D4rkEnergY is ready to spread more Love and Wisdom to you guys, so you can make some money! His BTC-calls lately have been extremely accurate, even his hater, dont say anything anymore. Its a bit of shame, cause I got a lot comments, which gave me reputation points.
But thats how it is, when you are a Stellar Trader. Anyway, back to the topic - Here is an excellent opportunity. This is Litecoin (LTCM19) on BitMEX, which you can play with 10x leverage (always use a Stop Loss, and never play more than 10x).
If you dont have BitMEX, You can also go in on Binance and trade LTCBTC! But lets jump right into it, and see, why this is such a good signal.
Bullish Structure - But Alts are Dangerous
On the 4 hour you can see how we are trading inside a descending wedge, which is a bullish formation. Notice how we managed to make an extremely good bounce on exactly the end of the 70% Value Are on the Volume Profile
Here we always have huge support. Litecoin is one of the altcoins, which are in the neutral zone. Only BTC and ETH are in a Bull Market, and most other alts are in bear market.
Litecoin has before shown its power, and have led the race, so maybe its time to come back now, which is a good time, hence BTC most likely will spend a day going sideways. The last reason why LTC might be a good signal is the regular Bullish Divergece - Just remember, that altcoins are extremely shaky at the moment, and if BTC makes sudden spikes it can ruin the pattern.
With Love from D4 - and leave a LIKE, please!
Semtech bouncing back (technical study)As shown in the chart, we broke a bear flag.
Technicals
RSI is weak but growing.
OBV hasn't been this high since early 2000's.
If we can break the 200SMA line with strong technical indicators and volume. I see SMTC as a possible cheap high growing company.
Heavy support/resistance lines:
Resistance: $55
Support: $37.5
VOD- Low Risk:Reward Entry Here!!!VOD showing nice bullish divergence on the Monthly chart. TD sequential on the Monthly chart is at a 9 as well. Additionally, we are very near a nice support zone. If it breaks the support I will sell. My entry is at the ORANGE line. 100%+ gain potential!!!
Potential BULLISH Divergence - BUY from 0.6430-0.6470NZDUSD creating a bullish divergence on the daily RSI, similar to the back end of last year.
Currently pushing down towards a double bottom.
BUY - Take profit targeting the 38% FIB level of 0.6630
Stop loss set below the double bottom at 0.6380
gbpusd longThis is my idea for the gbpusd, looks like the bulls are back in town?
This is an idea and not intended to be a signal.
How ever, if you choose to trade it, remember to keep your risk managed.
Thanks :D
USDMXN - finding support at 200MA!USDMXN is finding support at 200MA and support Trendline also we have MACD showing bullish divergence.
DENT bullish divergenceBullish divergence price falling RSI and MACD coming back, Great sleeper coin to grab a bag of, has great potential! giving all people the ability to have minutes through crypto DENT no matter what, no need for paid service just need a cell phone, even poor countries have cell phones, can send anyone minutes through just a simple text don't even need app! BULLISH Technicals and Fundamentals! HODL!
When the indicators align: Potential long-term trend reversal! Hi all,
Heres a video summary...
XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal!
Here are my confluent reasons why...
1. Falling wedge pattern.
2. Bullish divergence on the RSI.
3. Higher lows RSI, lower lows price action.
4. Potential ABCDE count.
5. Price action really stretched away from EMAS. (weak indication)
I believe we are going to get something like this
However, there are multiple pathways it could take...
we have to look on the flip side as well, very possible we break out now and bull off into the sunset
Or we reject the top trend line head to the bottom trend line and continue this strong downtrend.
Either way, Platinum looks juicy and prosperous and I am leaning towards bullish.
Be patient and prepared for anything and let me know your thoughts.
Good luck and happy trading :^)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
XRP-BTC Regular Bullish DivergenceOn 1D chart we have regular bullish divergence on MFI and RSI, also MFI and RSI are oversold.
We could test the 0.786 Fib. level before the UP MOVEMENT!
This is not an financial advice, take care of your money!
Bullish cross on Monthly Stoch. RSI >> End of bear market? A simple yet very powerful indicator could be the Monthly Stochastic RSI.
We recently had a bullish cross on that indicator. Looking at the previous 2015 bear market, we see that once the Stochastic RSI hit the bottom, a bullish cross-over indicated the end of the bear market and beginning of accumulation/consolidation phase which went on for a few months. Even if this indicator shows a bearish cross again, it will be temporary and the BTC price will just attempt a double bottom at the $3.1k levels (we see almost the exact fractal in the previous bear market)
In summary, I believe there is some good merit that this indicator (Monthly Stoch RSI) actually points to the official end of the bear market.
#stochasticBullishMonthlyDivergence
#HODL !
USD/TRY analysis 19.01.2019USD/TRY harmonic bullish bat + bullish divergence on 1h chart. Targets are shown.
Bitcoin Diamond extended bull divergence Make up to 50% more ETHHello dear traders,
I´m bringing you 3rd TA based on bull divergence in undersold area on higher time frame today
There is a chance of making 50% more ETH on BINANCE:BCDETH pair based on this TA
Another similiar TAs based on divergences posted today are: BINANCE:FUELETH BINANCE:NPXSETH
Highly recommended to put 1/3 of trading bag on each of these trades to diversify
if you will decide on your own to put your money in based on my recommendation
For better understanding how these divergences are successful in spotting reversal areas please see Ideas in related links
In Bitcoin is bottom in see updates for explanation of spotting TOPs/BOTTOMs based on bear/bull divergences in overbought or unersold areas
** This is not a financial advice ** Invest on your own decission and only money you can afford to loose
This analysis is focused on educational explanation of bull divergence
