#BTC / $BTCDescending Channel Formation in 4H timeframe..!!
RSI Bullish Divergence Still in Play..📈
In Case of Bounce Back from here, Bitcoin Might Retest the 38.8k Resistance.
Rsi_divergence
A chance to short AUDUSD for 80 pipsThe FOMC saw stocks and risk on currencies strengthen after the decision from the FED.
We are seeing weakness in AUDUSD after this strong move.
RSI - H4, H1, M30 and M15 is overbought
Divergence - H1, M30 and M15.
There is a harmonic pattern at a higher level.
Stop loss above 0.7300
Selling EURGBP based on a harmonic pattern nowThis trade is against the trend but:
1) M30, M15 shows divergence
2) Harmonic pattern in place
Stop loss above 0.8475 which is last weeks high.
Ethereum ready to goETH is slightly on the support line (green/yellow around $2750) of an ascending channel (yellow oval). RSI is showing bullish divergence in some areas which indicates ETH is ready to go north. Right now it's at $2929 but we need to break the $3050 resistance first to confirm the start of a possible move next few days to higher levels ($3200, 3600 or maybe 4500). Any move to the downside of the $2929 support will invalidate this chart.
This is just my thought and not advice to enter a trade. Do your own research.
Falling wedge in btcThe Falling wedge pattern can be seen in the Bitcoin daily chart, while a positive divergence can also be seen in rsi.
My predictions to Fantom's RSIBecause Fantom hit oversold in the RSI indicator, it is probable that it goes up towards the resistance line, then bounces back and consolidates, breaking through the resistance line. This means Fantom will revert and turn bullish.
DISCLAIMER: This is a theory and can’t be approved till further notice
BINANCE:FTMUSDT
Selling NZDCHF based on M15 divergence The AUDUSD trade failed but NZDCHF looks quite weak. The bearish candle shows us it will struggle to close above 0.6315.
This is with the trend. Currently it is at support but we are aiming for the lower target and CHF is due to strengthen.
Things are coming to a head! BTCWe have several patterns converging to this one area. Bullish RSI Divergence on the 4H. PA at horizontal support bouncing inside a large 25% ascending channel. Which way do we go???
KUCOIN (APE): End Of A Bearish TendencyIt seems that the bearish momentum Apecoin is having is losing its momentum, and at any time will reverse. The falling wedge pattern and the divergence also help determine a tendency reversal. KUCOIN:APEUSDT
EUR/GBP: Shoulder Head ShoulderEuro/Great Britain Pound forming a Shoulder Head Shoulder and make this break-out. But we should need to hope a pull back like this in the blue arrow sample to take best decision and short Euro. Meanwhile, we see a bearish divergence forming in the RSI where it's speak us the weakness in the trend in this par to shorting. The RSI indicator formed higher low in 3 occasion.
This it's the Shoulder Head Shoulder more better in H4 timeframe and we break out this neckline that we see. We hope next trade.
Also, in Daily timeframe, we forming a demand and supply zone that I drawed here
I hope that this analysis support you!!!
2 Signs Ethereum's Bearish Tendency Will RevertFor a pretty long time, Ethereum has been in a bearish tendency, but, because of these signs, it will probably revert. The first one is that it is diverging. The RSI is going up despite Ethereum dropping, meaning there is a chance it will revert at any time. The second one is that it's testing the 50 EMA line. Moving Averages with high numbers (50,200, etc) normally show a market's tendency, but, because Ethereum is testing one of those numbers, it potentially means a warning that it will reverse.
CRYPTOCAP:ETH
BTC risky daysBtc is squeezing on level 0.236 fibo which is for 2000 bars which is made by ME and signals seem to go up to 0.618 level supporting by RSI. BINANCE:BTCUSDT
Long positionAs you see we are in bottom of a channel that is a great time to take a long position. There is divergence in RSI and downtrend is decreasing.
Bullish divergenceBullish divergence on BTC RSI . Maybe doing a fake breakdown to actually go up from the triangle. Price also testing the middle of the channel as support.
USDCAD short term analysisYesterday, USDCAD made this price Higher high, RSI lower high,
if you know about technicals, you should know what's that suppose to mean,
and then the price reversed , this is one of the best indicators to determine a local top to take profits.
$BTC - #BITCOIN NEEDS TO BREAKOUT!BTC is approaching the resistance trendline of the falling wedge which formed on the 4h timeframe and the ichimoku cloud which is just above the current price
if we see a good fix above the ichi cloud and above the resistance (around 41k) in the next 1 or 2 4h candles, given the recent bullish rsi divergence, we can expect some more upside from the big boy Bitcoin
let's hope this fixes above these levels and lets our altcoins get some fat gains!
let me know what you think about this in the comments!
Bitcoin, don't give me hopeHolding the weekly bear flag although it broke many daily resistance already, we'll have to wait for a close as the last 6 weeks have been.
WAITING
SCRT - RSI divergence + double bottom + trendline breakoutif we see a breakout from the downtrend, given the bullish RSI divergence printed on 4h chart and the double bottom pattern which formed in the last days, we can expect a good 15% move up
what do you think?
RSI Bullish divergenceShreerama Multi Tech formed bullish RSI divergence on the daily chart. Entry taking around 15-16 for target of 23/30.
Trading above 50 EMA
Bitcoin is about to Bounce!Hey Traders,
On the four-hour, we can see the MACD is creeping up to a bullish histogram while the RSI is indicating strength is coming back into the market temporarily. If this happens we will definitely cross the four-hour ema orange basis line of the Bollinger Bands .
Safe Trading,
-Pulkanator
GDXJ Bull FlagGDXJ is showing some nice bullish divergence in the pennant of a bull flag on the 4hr and daily RSI. Upside is 30%+ and if it breaks down below the lows of the flag it'd be time to get out.
This is obviously dependent on what Gold spot price does. So, if XAU decides to finally use that hidden bullish divergence to head to all-time highs, then gold miners are gonna feast too. Playing the odds.
