The Bullish way to look the Qs...This would the bullish way to look at the Qs, if the 100week moving average, where we are currently is considered value by the market and we really turn around here.
Double bottom at the .786 from the low exatly 1 year ago to the All time highs with classic triple bullish divergence in both the MACD and RSI
It doesn't get much better than this tbh, if we just had a somewhat "normal" makro invironment.... Almost trade setup worthy
Rsi_divergence
NASDAQ HAS CHANCES TO UP MORE-next updateHello my friends, today I want to talk with you about nq
I think price can start to grow to our target
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Strong buy in CAMSThere is strong rsi diversion in CAMS, the price was trading lower low but rsi is trading in higher low so, your first target will be yellow line which will give you a gain of 8% and if the price break yellow line with strong volume then your second Target will be at orange line which is again give you extra 8% gain.
And don't forget to keep trailing your stoploss !
First Target - Yellow line
Second Target - Orange line
Stoploss - Swing Low .
BTC Weekly Timeframe Analysis Chart
- BTC on the weekly timeframe. Weekly is not the strongest macro timeframe. Sometimes proves false signals.
Dragonfly / Gravestone Doji
- Highlighted in the green are the dragon fly doji's (recent signal doesn't close until Sunday)
- Highlighted in the red are the gravestone doji's
- Arguably the strongest significant Japanese Candle Stick for trend reversals.
Link: www.fxdayjob.com
RSI:
- Decreasing RSI + Increase in Price = Hidden Bullish Divergence
- Increasing RSI + Decrease in Price = Hidden Bearish Divergence
- Note that in summer of 2021 we had the same confluence in the chart.
MacD:
- Classic bullish divergence on the weekly.
- Note that bigger timeframes (Monthly, 2 week) are bearish.
Moving Averages:
- 50 Day $47,000
- 200 Day $20,000
Analysis:
- This is a high-risk trade b/c of current events.
- Fed is set to have a meeting regarding equities in March. (Likely to be very negative)
- I predict a further continuation rally here. May not bring us to ATH but, a recovery rally.
- Most importantly, do your own research. Strive to be a better trader every day.
XAUUSD - Bearish Reversal to AT LEAST $1878.00 (21/02/2022)OANDA:XAUUSD Hi I can sense a bearish reversal for XAUUSD.
I have used smart money concepts (SMC) as well as retail trading logic into this trade.
LOOK AT THE CHART FOR THE AMOUNT OF CONFLUENCES I HAVE FOR THIS REVERSAL.
There are so many confluences in this trade that I cant be bothered to list them all here, so study my chart and learn.
Have a good trading week! More analysis to come :)
RISK DISCLAIMER: DO NOT TRADE THIS! I AM NOT A FINANCIAL ADVISER. THIS TRADE COULD POSSIBLY FAIL. YOU HAVE BEEN WARNED.
Exit ADA LossBINANCE:ADAUSDT
Hello dear friends
I hope you have made the least loss in these red and unknown days of the market.
Many people have bought the ADA in the range of $ 2 or higher, which today is priced in the range of $ 1.
What to do??
In my opinion, ADA has made a good price correction compared to other cryptocurrencies and can return with a small correction. Friends who are at a loss can buy one step at $ 1 and the second step at 0.8.
But for friends who want to get into ADA, there are two good entry points:
1: After breaking the downtrend line and pullback to it means stabilizing above $ 1.35 First goal: $ 1.9
B: At the $ 0.8 support point, the first target: $ 1, the second target: $ 1.4 and the third target: $ 1.9
Positive point: ADA in daily time frame is a very strong positive divergence in RSI.
Negative point: BTC in a time frame of a month has a very strong negative divergence in RSI that can affect the whole market.
Be profitable
We are waiting for your questions :)
XAUUSD (GOLD) Daily ForecastTechnical:
The near–term support is around $1780, violation below targets $1770/$1750. Significant reversal only below $1750.The yellow metal facing strong resistance of $1810, any violation above will take to the next level $1835/$1860/$1877$1912 is possible.
DISCLAIMER: ((trade based on your own decision ))
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SP500 historic crash?The SP500 doesn't look good. Many things are going on here:
1. The weekly candle closed below the resistance
2. Bearish divergence in short and long term with the RSI
3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks.
4. On top of that the FED announced the end of money "printing" by March.
5. Only the big cap stocks kept the SP500 going up. On the other hand there is bloodbath going on from months ago on growing stocks. Is just about days for the big cap stocks to join the bloody party.
USDJPY - Weak Divergence + Potential H&S @ M Resistance - MTFA*** Trade at your own risk! ***
*** Not every idea is also traded by us ***
Hi Traders!
In the following you'll see a Multiple Timeframe Analysis.
It includes a screenshot and afterwards some bullet points.
Monthly TF:
- We had an Uptrend
- Followed by an Triangle (Continuation) Pattern
- The market broke out of the Trendline and made a bullish movement
- Now, it reached the monthly Resistance
- Down-Movement expected
- Up movement in the Future is possible after the Down-Movement which would be the Pullback then
--> Down-Movement expected
Weekly TF:
- We can see the Up-Movements with its higher Highs and higher Lows
- It built some weekly Support Levels throughout its journey
- Now reached the monthly Resistance
- Down-Movement expected towards a Support (also possible to not reach any weekly supports. In this case it would turn the down-movement anywhere and would make a higher Low)
--> Down-Movement expected
Daily TF:
- We here can see a potential Head & Shoulders Pattern --> Trend Change
- We also see a weak bearish Divergence if we look at the RSI Oscillator
--> Down-Movement expected
H4-TF:
- Trading Possibility: Wait for the next Pullback to enter
H1 TF:
- How can a Pullback occur? --> Potentiall when TL breaks
If you have any questions, another POV or anything else to share, feel free to do so!
Thanks and successful Trading :-)!
GBPCHF WAITING FOR DOWNTREND CONFIRMATION✅Price has bounced off 61.8 retracement level and ascending trendline. RSI & MACD bearish divergence suggests a bearish move towards the highlighted support.
Breaking the support and holding below it will shift the trend to bearish and the price could rally down to break the ascending lower trendline.
A break above the resistance will resume the uptrend towards 1.260 initially.
Bitcoin breaking local resistanceAfter the recent dip down to 39650 USD, Bitcoin is now showing some signs of temporary reversal with expected targets in the range of 45500 to 46500 USD.
This is supported as well by the bullish divergence on the RSI from the low of Dec 21 during the crazy flash crash and the recent low.
XAUUSD bullish shark pattern approved by RSIHi everyone, I'm happy to present you my first idea posted on this platform. It consist in a buy setup on gold based purely on advanced technical analysis
Considering the fact that this bullish harmonic(shark) was formed within the bullish trend: it is highly probable that price will form an other leg up straight away to ,at least, 1814 lvl which is 618 fibonacci.
Moreover after noticing that RSI confirm this pattern and looking at the bullish candlestick pattern (pinbar)
I guess second entry(when moving average cross bullish) is safer but the first entry can give a higher Risk:Reward ratio
It is wise to choose one of these opportunity, or even taking both after keeping in minds the elements enonced above