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Hiddenbearishdivergence

BTC - Multiple Bearish SignalsI have 3 reasons to be bearish on BTC at this time. 1st: Hidden Bearish Divergence. Look at the 4 hour RSI . Price has made a lower high relative to 6800, but RSI has made a higher high. 2nd: Rising wedge . This is not a bullish pattern and is likely to break to the downside after buyers are exhausted. 3rd: Longs still heavily outnumber shorts according to Bitfinex data. They are approaching levels that have historically acted as resistance. Be cautious when the majority of traders are on the same side of a trade.
Short
by DerrickGibson
1
EOSUSD Sell IdeaH4 - Price has broken the trend line inside the channel, we have hidden bearish divergence. Based on the fibo extension levels, we have three levels that coincide on the same zone making it a strong critical level. Hence we may expect the price to move lower until the price reaches this critical level. Invalidation: Basically as long as the price holds below the uptrend we can look for sells. If the price moves higher and holds above this uptrend line then this setup is invalidated.
BITFINEX:EOSUSDShort
by VladimirRibakov
2
USDCHF Sell IdeaD1 - Price respecting downtrend line so far. We may expect the price to respect this dynamic resistance again and if it respects, we may expect it to move lower. Hidden bearish divergence has turned into continuing bearish divergence. H4 - Bearish divergence, perfect uptrend line. We may start looking for sells with the breakout of this uptrend line. Note: False breaks of the downtrend line are acceptable. If the price breaks above this downtrend line and holds above it, then this setup is invalidated.
Short
by VladimirRibakov
GBPJPY Sell IdeaD1 - Potential hidden bearish divergence forming. H4 - Double wave up, price has reached the first magnet zone that has formed based on the 100 fibo extension of the first leg and 38.2 fibo retrace of the triple cycle. We also have another magnet zone that has formed slightly higher based on the 50% fibo retrace of the triple cycle and the 161.8 fibo extension of the double cycle. Bearish divergence, the price has created a perfect uptrend line and once we get a valid breakout of this trend line we may start looking for sells.
by VladimirRibakov