CHART REVIEWS: Old and New Charts for BTCThis video is just me going over the old chart that has finished, and the older 12hr chart that is still ongoing.
I then go over the new chart I created as well as some divergences on the 1hr timeframe.
Sadly, the charting out loud video did not upload, so all we get is a review.
Big takeaway? Rising channels and new fibs to observer.
Thanks!
Divergences
Ramblin' Raccoon: Looking for winners!I selected some coins to look at that have recently developed HIDDEN BULLISH DIVERGENCES.
I then began to judge them based on a bunch of indicators I typically use.
Though once again, I forgot to judge them using volume profiles, oops!
TV, i need more time to record, or you gotta let me stream baby!
Someone start a petition, lol.
OOPS! CHART REVIEWS: 1hr and 12hrSorry, I made a video this morning but for some reason it was set to private.
This is just a recap of the 1hr and 12hr charts I am currently watching.
I will make another video tonight, most likely a CHARTING OUT LOUD video to make a new chart.
My apologies, because there was a lot of good stuff in the video this morning.
Good Morning Kits! BTC 1 hr 7/22/21This video is just to go over what has happened since last nights video.
Basically nothing too interesting, pretty much broke the wedge to keep going sideways.
We found 2 overlapping divergences that both seem to have finished executing and now we are waiting to see how the trendline and potential triangle is treated.
Charting Out Loud: BTC 4hr and 1hr observationsIn this video I take a look at the BTC 4hr and 1hr charts.
Mostly looking for divergences, seeing what the indicators/oscillators look like, some potential trendlines, and some support and resistance levels.
Sorry, forgot to look at volume stuff in this video... oops! They need to let me record for 30 mins! lol.
Thanks for watching.
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Price is oversold
Price sits on RSI support
Price Action hit Machine Learning channel support
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Ramblin' Raccoon: More Divergence Stuff (BTC)This was a "quick" video to go over some of the divergences I am seeing on the BTC 4 hour chart.
I also discuss an interesting idea in regards to the RSI input source and how it can effect the ability to spot divergences.
Basically, standard RSI input source is the close of a candle, so its potentially using the body rather than the wick for its data.
So I broke up the RSI into 3 parts to search for divergences.
Please feel free to correct anything that may seem off.
Thanks!
DISCLAIMER: There are a couple of times where I say "bearish" when I mean "bullish".
OOPS!
Ramblin' Raccoon: Divergences Explained by a RaccoonThis video is my attempt at simplifying and clarifying how to identify and spot divergences.
THE MAIN TAKE AWAY:
Bearish divergences are spotted by using the peaks of price and oscillators.
Bullish divergences are spotted by using the valleys of price and oscillators.
Bullish Divergence is actually a convergence. (wedgey)
Bearish Divergence is a true divergence. (expandy)
Hidden Bullish Divergence is a convergence.(expandy)
Hidden Bearish Divergence is actually a convergence. (wedgey)
Bearish/Bullish Divergences are potential reversals.
Hidden Bearish/Bullish Divergences are potential continuations.
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My possible next trade for Bitcoin!!!Bitcoin form a simetric triangle in H8 timeframe, but at the moment, we can't to buy Bitcoin, I hope to buy Bitcoin contract above of $37,700 USD.
s3.tradingview.com
Now, if you look the Daily timeframe, there's 2 indicator that show that Bitcoin it's preparing to continue to bullish movement soon. MACD show us good zone to buy, but not confirmed in the price action, for that, I decide to hope until Bitcoin break up the resistance at $37,700 USD. Meanwhile, in the RSI Bitcoin form a bullish diverngece making lower higher in the indicator and the price action maybe a lower low. That could be an indication that bulls are preparing to make a movement volatile soon!!!
At the moment, my idea it's neutral, but the chances could be bullish!!!
BTC Divergence On Multiple Time ScalesHey gang.
People are making mention of the Bearish Divergence on the 4 hour chart.
I'd just like to remind everyone that BTC is showing about as much Bullish Divergence as one could ask for on the 3 day chart and even moreso on the weekly.
This is on both oscillators.
We may retest the PCZ of this Bullish Cypher pattern in the coming day or two, but it wouldn't make a lot of sense for BTC to go much lower than that.
DISCLAIMER: I AM a professional financial advisor to the stars and this IS financial advice - put all your money into a paper bag and then set the bag on fire. You will become rich upon waking the very next morning. This is not a joke and could never be considered a joke in a court of law. THAT'S for SURE.
The Bitcoin Dominance could to explode this rally!!!Looking this Bitcoin Dominance, Bitcoin it's still bullish, now as we see, Bitcoin it's turn bullish and we could to see another bull rally extremely volatile or the next weeks to months for Bitcoin.
Ok, i we see the Daily timeframe, Bitcoin it's appear that form a strong support in the 60% of Bitcoin Dominance, that mean a good news for Bitcoin, becuase as we see this strong support, Bitcoin could to up toward the 72% of market dominance.
Now, this it's the 3 Daily chart, and we see that Bitcoin it's extremely bullish in the dominance, that mean that i you operate with altcoins, notice that:
Altcoins/Bitcoin = could to down, becuase as Bitcoin dominance make strenthten when you see or example: The relatonship ratio with Chainlink/Bitcoin, Ethereum/Bitcoin or Cardano/Bitcoin it's go to down becuase Bitcoin it's get more strenght to up. For that, we could to experiment that Bitcoin go to up against the altcoins. now, you can to sell altcoins but very careuly, not just analyze the Bitcoin dominance, analyze your altcoin/Bitcoin to know the relationship who it's more strong? Altcoin (like Ethereum, Cardano or Chainlink) or Bitcoin). But, don't worry, i you don't understand how to analyze altcoin/Bitcoin. I can to make this analyze for you and invest in this great opporutnity in this next altseason for Cardano, Chainlink, Ethereum or XRP, my top crytpcourrency that it's not BItcoin to get more Bitcoin usign their relationship. And also, i you see the MACD or RSI, both indicator are showing us a good news for Bitcoin.
And finally, the weekly chart it's extremely bullish, becuase we make support as I mark this trend line, and in four occasion we form a lower high, that could to explode the Bitcoin bull rally. For that, it'svery important i you invest in Bitcoin and altcoins, you will need to check out to become a crytpocurrency trader and like an expert to analyze it.
Guys, if you found out that this idea it's sound intersting for you, please comment below about your perspective and idea for the Bitcoin Dominance and share this analyze for other people know this information!!!
The DEFINITION of Divergences!Hi every one
So in this post we want to talk about a thing that If you've been following us you would've see a lot of it !
we wanna talk about Divergences! and how to use them to our advantage!
there 4 kind of divergences in total which we will describe one by one!
1-regular Bearish Divergence (-RD)
2-regular Bullish Divergence (+RD)
3-Hidden Bearish Divergence(-HD)
4-Hidden Bullish Divergence(+HD)
first let's talk about the effects of divergences and than get into each one. divergences are strong signals that will reassure us of the continuation of the trend or the ending of them! so let's get into each one!
note that the trend is pretty important in finding divergences! for finding regular divergences on a bullish trend we must look at the tops and in a bearish trend we must look at the bottoms. for Hidden divergences though we must look at the bottoms (in a bullish trend ) and tops (in a bearish trend)
so let's get into it!
1.regular bearish divergences (-RD): these divergences accrue when the tops are higher than each other(in a bullish trend),but on RSI or MACD indicators the tops are lower or in the same position next each other (in a bullish trend) in this situation we can be sure that the trend is about to change and start the bearish movement at least for a while!
these are examples which clearly show the effect of (-RD) on the trend of the market.
2-regular bullish Divergence (+RD) : this divergence is accrued when the trend is bearish (bottoms are lower than each other ) but on RSI or MACD indicators the Bottoms are higher or next to each other. in this situation we can come to a conclusion that the trend can't be bearish for ever and the trend must change!
this is an example for (+RD) which you can see It's effect on the market!
3-Hidden bearish Divergence(-HD):The tops are lower than each other ( in a bearish trend) but the tops on MACD or RSI indicator are higher or in the same position next to each other in this situation we can be sure that the trend can still be bearish .
this is an example for(-HD) :
4-Hidden Bullish Divergence(+HD): these divergences accrue when the bottoms of a bullish trend are higher than each other but on the MACD or RSI the bottoms are lower or in the same position next to each other in this situation we can be sure that the bullish trend can still continue!
this is a clear example of (+HD) and It's effectiveness!
We hope that you've learn something with this post .
Have a nice day and Good luck.
BTCUSD BTCUSDT Remember 2017 divergences CORRECTED IDEAJust a reminder we already had 3 small divergences within 1 bigger divergence back in 2017 cycle which took us from 5k down to 3k in just 2 weeks before starting the biggest bull market from 3k up to 18k
Current 2021 cycle may take us from 50k to 30k and then up to 180k or 240k. Who knows.
DYOR and take care