Bitcoin bullish divergence againThis TA should give you better understanding of divergences
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as a top and reversal here
If you take a look at the right side which is 5H timeframe you can see that the trend looks very similliar.
Triangle consolidation with break down, massive drop and then bulish divergence formation
Overall long term trend is pointing up
Divergences
TRX Worth a look (bear trend still in troubles?)Hello =)
This is only a possible scenario.
Last divergence generated a nice swing high. good possible gains.
We then moved lower along with the BTC drop and plenty of other coins.
What is interesting though, is that, on one hand we have a situation on a long term Time Frame that is not looking very good now; on the other hand we have multiple Divergences ( possible kick-off (a)? ), a dynamic support that is holding the lower lows, Moving Averages getting tighter.
ETH and LTC are showing a similar condition, BTC is showing a POTENTIAL shorter term inversion formation. (correction)
If price is currently attracted to a lower price for different matters, but we first take an upwards correction as this analysis suggests, This is one possible scenario I am working on.
I'm just a trading student, I've been studying and trading for 2 years now, -ABC- denominations from EW are purely indicative of the possible directions, I'm not a good EW analyst.
LONG - FET - Trading OpportunityThese past few days after BTC's monster dump, alt coins have been bouncing left and right, and FET is one of the few that hasnt had much of a chance to show off, but now it's looking mighty bullish, with a nice bullish divergence on the 4h chart, that has showed some consolidation and signals of a temporary bottom.
Entry: 0.00000423
Target 1: 0.00000460
Target 2: 0.00000499
Target 3: 0.00000529
SL: 0.00000409
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Trading Divergences - An Alternate View for New TradersTrading divergences is a very common technical analysis strategy, but it comes with one big problem: the most common divergences (not hidden) trade against the trend. This means that new traders can often get into trouble by constantly looking for, and trading, against a dominant trend.
Here's an idea to help you become more profitable over the long-term: identify divergences on your chosen momentum indicator, but only trade on trend continuation signals. I'm not saying you need to do this forever, as once you're experienced you can trade both pullbacks and continuations - but doing so requires multiple layers of confirmation, and a lot of knowledge/planning/experience.
By trading trend continuation signals after divergences, you're stacking the odds in your favour by going with the dominant trend. You're also training your eye to see divergences, and seeing how the markets react to divergences. For new traders this can be a valuable lesson in the power of momentum in financial markets.
So, what are trend continuation signals? It depends on your chosen momentum indicator, so I can only provide general ideas; you need to adapt things according to what you're using. My chart contains a custom momentum indicator, loosely based on the RSI. However, it's far smoother than the RSI, so I can reliably trade precise signals (e.g. for me, a cross of 0). On the RSI, you may choose something a bit further down the scale, for example, a cross below Oversold (20/30). If you're using a Stochastic indicator, you may trade a cross below Overbought (70/80). If you don't understand why I'm suggesting you trade signals at the opposite end of the scale for RSI and Stochastic, let me know.
Hopefully this all makes sense, and remember that it's just an idea if you're a new trader and struggling to make good trades.
Let me know if you have any queries.
DD
Hidden Bearish Divergence (D), Bearish Divergence Weekly ChartWe've got multiple factors of confluence, Daily Chart hitting previous support, now resistance. Bearish Divergence on both the Daily and Weekly charts. Also weakening Stochastic's on the 4 hour timeframe (not shown). Profit Target around 8863 shown by the $ sign
Warning ! Big moove ahead (Parabolic run to ATH or DOOM)Hello everyone
today I would love to try warn all of you because something big is coming as we have huge bearish divergence forming in overbought area as well as parabolic run with some media attention (Not only thanks to Libra - Facebook) happening
This is danger zone where speculation,fomo and traps happends and take over people emotions so be curious and wise.
Wait for good opportunities and be patient to increase winning rate.
This is possible SELL range warning as bearish divergence extended longer since last call and look how market reacted last time in the red box
Keep in mind. This might not be TOP and this run can lead to ATH and cross 20K within a month ( In case we do not brake the blue parabolic line )
** This is not a financial advice but unbiased view on market situation. Trade on your own risk and only amount which you can afford to loose **
Is Bitcoin local TOP in ? (Looks like reversal is comming)It´s a while since I´ve called a bottom and reversal based on
RSI bull divergence in undersold area with falling wedge pattern as seen on chart bellow
Now we have exactly opposite conditions which means
Bearish divergence in overbought area and rising wedge.
Can Bitcoin sustain further grow now ? I don´t think so ! Correction imminent in my eyes !
But remember this is not a financial advice
This is only my opinion, which I create with amount of skill & research. If you trade based of the opinions and TAs of others, you are putting your investments at risk. So, PLEASE do yourself a favor learn from the TAs of others, but only trade based on YOUR OWN RESEARCH & SKILL !!
If you don't, you deserve to lose every penny you put into the market.
Bitcoin is TOP in ? (Looks like reversal is coming No. 2)Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local top because of many factors and indicators
You can see Bear divergence at the ATH (Indicators going down in overbought area & price going still up)
Previously you could see bull div near very strong support (Indicators going up in oversold area & price still down)
Now you can see bearish divergence forming in very high RSI range as well.
WARNING !! This might not be exact top yet !! This parabola could lead to 10-11,5K !!
But my thoughts are we are topping and we will head back to approx. 5K range to test that red line from ATH causing resistance if it can stay as support now in approx. 2months then sideways till November before going higher.
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
Simple RSI analysis (Strong bearish divergence) Sell signal !!During one of my bottom calls I was pointing to Mar-May as area to watch for Bearish divergence to come and there you go
How relative is the relative strenght index ? What is RSI ? If you do not know exactly then you´re at the right place !
I will reveal you the Mystery of sucesfull RSI divergence trading.
Once you will master it you will make way more profitable trades / investments if you use them on mid-long term ( 4h/D/W/M charts)
The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements.
Momentum is the rate of the rise or fall in price. The RSI computes momentum as the ratio of higher closes to lower closes
Simple RSI indicator is very stong technical indicator if you know how to read it.
The RSI provides signals that tell investors to buy when the security or currency is oversold and to sell when it is overbought
Wilder further believed that divergence between RSI and price action is a very strong indication that a market turning point is imminent. Bearish divergence occurs when price makes a new high but the RSI makes a lower high, thus failing to confirm.
Search for:
Bullish / Bearish divergence
&
Hidden bearish / bullish divergence to incease the Risk:Return(Reward) ratio
Feel free to ask in comments bellow and if you like my work hitting like would be appriciated
Cheers
Previous call - Bullish divergence ( Bottom )
** Not a trading advice but attempt to predict future price movement so trade only on your own risk **
** This is tutorial for trading bullish/bearish divergence to see more related ideas watch for links below **
Bitcoin is bottom in ? (Looks like reversal is coming) Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local bottom because of many factors and indicators
You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div near very strong support (Indicators going up in oversold area & price still down)
I also tried to copy the fractal from the run up and reversed it and seems this could be the range where algos can switch
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
EUR/USD - SHORTING OPPORTUNITYHey Traders,
On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence.
We can get involved in two ways:
1. Aggressive - Short now with stops above double top and take profit at structure lows.
2. Conservative - Use the 2618 strategy, wait for a break and close below the V of the double top, then enter at the 61.8 fib level again stops above the double top and take profits at structure levels ensuring minimum 1:1 R/R for target 1's.
Long to 200 EMA
Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent.
Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test).
Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected.
With that in mind target 200 EMA.
If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long.
Best of luck. Info is in the charts.
AMBBTC 1h - Possibility of going upBased on a normal bullish divergence, there is a possibility of BINANCE:AMBBTC goin up from this moment.
EVXBTC - Probably will go downBased on a normal bearish divergence, BINANCE:EVXBTC will probably go down from this moment.
MTHBTC 1h - Will probably go down from nowBased on a normal bearish divergence, there is a possibility that MTHBTC will go down from this moment.
EVX/BTC - Just predicted 5% gainHello there!
I have just predicted EVX/BTC pair moving up 5% right before it happened. It was based on a bullish normal divergence.
Gained 2,02% on this trade, not too much, but still good. :)
My tweet predicting this move is here:
twitter.com