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Hidden Bearish RSI Divergence

BTC break out of fake out?Bitcoin looks to have temporarily broken out of its descending channel (red solid lines) over the past few hours. But many eyes are wondering if BTC will retain its positive trend. On the one hand, a normalization around a round number like $55K would be fairly common leading to a potential to jump out to near $56K before potentially retracing back to the trend line (as is common during breakouts) and hence solidify a breakout. On the other hand, volume is not strong and hidden bearish continuation divergence still exists on RSI, indicating that the price might head back into the channel and either continue downward (toward 40-44K) or form a more forgiving descending channel (dotted red lines) approaching near $47K. It is truly anyone's guess in my opinion as the daily chart shows fairly positive trends and may continue upward upon zooming out, but the bearish scenario definitely looks to be in play unless further price increases continue over the next day(s). But please don't take this as advice, particularly with all the volatility occurring, as this is not financial advice but solely my opinion. But definitely like or comment if you agree or have similar or different thoughts!
BITSTAMP:BTCUSD
by crypto_trends
1
BTC divergence/resistance at 54K FibonacciBTC looks to have reversed (at least temporarily) after demonstrating some reversal trends (see my previous posts). However, there is still a bit of resistance on the horizon in my opinion. For the current price action, BTC looks to have come close to the downside channel's top (red lines) near some strong Fibonacci resistance from the original 43K bottom retracement (which it looks like this current dip has greatly respected those Fibonacci levels). However, as BTC approaches the channel top, it is now showing some hidden bearish continuation divergence (yellow dotted line). Hence it looks like it is more likely to be rejected in the short term at or slightly above the current price. However, the daily trend is starting to turn positive for bitcoin, so it is quite possible that after a few dips, the price might continue out of the channel. However, if the reversal trend continues, there is still a bit of downward potential in the current descending channel down to near 40-44K. If the latter case occurs, there are some good potential patterns that can arise, such as a double bottom or a shark pattern, however, it is far too soon to tell if any of these might be the case. However, with weekly MACD crossing negatively, one shouldn't rule out these as possibilities. As always, consider this as just my opinion and not advice, but please like or comment if you agree or a see anything to the contrary.
BITSTAMP:BTCUSD
by crypto_trends
3
BTC bearish divergence, will wedge break downward?BTC has been forming a wedge after the dip occurred a few days ago. As the wedge has continued to form, hidden bearish continuation divergence has also appeared on RSI giving confirmation that further downward trends may continue as the wedge has begun to break downward. There are still a few bullish patterns that are possible, for example, this could be the beginning of an inverse head and shoulders formation or the wedge could really look like an ascending triangle, but from what I can tell, most trends look bearish. If a dip does occur, a new descending channel may be forming that looks to trend toward $50K in the short term toward longer term support, however, stronger support looks to be around 46-48K where there are stronger Fibonacci support levels. Please like if you agree or leave a comment as to what you see, as I would love to hear your thoughts.
BITSTAMP:BTCUSDShort
by crypto_trends
1
EUR/USD can form a reversed head and shoulder!Hi every one Euro / U.S. Dollar EUR/USD is trying to form a reversed head and shoulder pattern in our opinion! as you can see the Left shoulder and head has already formed but the right shoulder has yet to form! if you pay attention you can see that there is a hidden bearish divergence on RSI as well which will make the expected correction for forming the right shoulder more likely to happen! after the completion of this pattern and breaking of the neckline, the bullish movement can happen as much as the measured price movement! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
20
USD/JPY is still gonna dump!Hi every one U.S. Dollar / Japanese Yen the USD/JPY has a strong bearish trend going on as you can see after a long time the price couldn't increase from it's previous top price (the chart is in weekly time frame but there is a strong support as well which the price reached it multiple times and increased from that point.there is Hidden bearish divergences as well on both MACD and RSI which makes the bearish trend stronger! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck The DEFINITION of Divergences!
Short
by CobraVanguard
27
USDJPY 16/01/2021 Short 300 Pips TP here we can see the Price is ranging in a descending Channel and it is showing a bearish wave we can see a Hidden Divergence with the MACD as the price is making Lower Highs but MACD is making Higher High so it can be sign of trend Continuation with a higher volatility... in order to speculate the next target we have specified the supports on its way, by Fibonacci Projection we can have some higher probability that the price shall reach the Minimum of parallel level which is 101.33 and henceforth i have specified our TP Zone too please comment your ideas
Short
by BitonGroup
EURUSD Hidden Divergence Bearish trend Continual Hi as we had observed the Convergence in our bullish trend and it reversed the bullish trend to bearish now We can see a Hidden Bearish Divergence with MACD and RSI, which is a sign and confirmation of Bearish Trend Continual and we can target our short for -61.8 of our Fibonacci projection which is having confluences with our 61.8 bullish Fibonacci retracement. the Suggested TP are 1-TP=1.1605 2-TP=1.1505 please comment me your opinions
Short
by BitonGroup
1
EURUSD Short UPDATEDHi as we had analysed the EURUSD on 24-08-2020 as we were bearish on the pair, i am updating that analysis based on some more new confluences. which are a bearish hidden divergence with MACD and a break through the lower bound of formed Triangle as well as our higher time frame Chanel's top band which was earlier a support and now turned to the resistance currently the trend retesting its resistance i am expecting a continual bearish trend up to the parallel leg of our Fibonacci projection at 1.1725 which is ultimately the lower band of our long Chanel please comment your ideas and opinions for me and follow the page for further updates if you liked the idea
Short
by BitonGroup
Short the apple!What is the support and resistance for Apple Inc. (AAPL) stock price? AAPL support price is $312.55 and resistance is $323.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAPL stock will trade within this expected range on the day. Apple is going to drop 5-10 dollars (my prediction) goodluck trading! ( Hidden bearish divergence )
NASDAQ:AAPLShort
by dekirby4