Achain in a parallel channel and future
you can see the channel that have strong R and S in up and down.
The three points on the chart are marked with squares which are the best shopping points .
That is, after the price returns and at the time of failure of resistance and support.
The target is the canal roof, which is marked with a green rectangle.
Enter as a step, observing the Stop limit of the canal floor.
Given the possibility that Bitcoin needs a correction before its historical ceiling breaks, we have a negative divergence in the indicator that eliminates the possibility of a one-time ceiling break. ( means Green way is very weak )
150 - 350 % are min and Max profit in this setup if you follow me ....
Rsi_divergence
Is Bitcoin facing a potential correction in the short term?NOT FINANCIAL ADVICE
Keeping things simple, studying $BTC vs MACD vs RSI, a divergence pops out clearly on the shortterm 4H charts.
While these do not always indicate a top or a dip, it is a signal that it is usually potentially accompanies one.
Also charted are the various levels of potentiall strong resistances that may deflate bitcoin’s current rally. These are based off the previous peaks preceeding selloffs, with the Major Resistance being bitcoin’s ATH.
If we are to analyse the volume trend, we can see that there’s a slight upslope of interest in trading which may be indicate that this rally may not yet be over — that the Minor and Primary resistances may be just a breather for the Bulls to regain their strength back.
In summary, I’d surmise that it’s still not too late to get on the $BTC train. Wait for the dip, accumulate, and prepare to take profits as and when signs of weakness are showing during rallies.
I do feel that retesting of ATH is incoming, but I won’t be surprised if the corrections are coming sooner than later, in this journey.
Again, not financial advice — just an educational tool.
Wait a second before making any dealhello traders ,
I was looking at the dominances and I just saw an interesting thing ,
look at the BTC.D , yeah it's true that the price bearish trendline in broken , but RSI trendline shows another thing , it has been rejected hardly .
Also , as you see in TOTAL , , price is exactly under a strong bearish trendline , and the same in RSI , and there is a very long and strong bearish trendline in RSI .
and just look at the USDT.D , , it is just above a strong and very long bullish trendline in price chart , and also there is a bullish trendline in RSI .
And if we look at the TOTAL2.D , , It's so close to the bearish trendline .
Personally, I think BTC will go a little higher from this and it will be rejected from the purple resistance, meanwhile , I think ETH and TOTAL2 will grow until they hit the trendline and they will be rejected .
Tell me about your opinion in comments .
Thanks for like and follow
EM possible switch from bearish to bullish from MACD and RSI?EM possible switch from bearish to bullish from MACD and RSI upticks.
Red verticle lines placed on 1D lower lows.
Green verticle lines placed on 1D lower highs.
MACD is possible to cross over into positive territory.
PT from multiple groups of ~$13USD.
NASDAQ:EM
Bearish Divergence 4H When looking at the 4H timeframe we can see quite strong bearish divergence. I have included prior instances of both bearish and bullish divergences. With this bearish divergence I would expect BTC to revisit the .786-.618 fib levels between 42.4K-44K. Divergences almost always hold true even if they take a little longer to play out. I would certainly not FOMO into a long position here with such strong bearish divergence evident on the chart.
Thank you for viewing my post!
XRPUSD- Understanding how stochastic is formed is one thing, but knowing how it will react in different situations is more important. For instance:
Common triggers occur when the %K line drops below 20—the stock is considered oversold, and it is a buying signal.
If the %K peaks just below 100 and heads downward, the stock should be sold before that value drops below 80.
Generally, if the %K value rises above the %D, then a buy signal is indicated by this crossover, provided the values are under 80. If they are above this value, the security is considered overbought.
- It's helpful to note there are a few well-known ways to use the MACD:
Foremost is the watching for divergences or a crossover of the centerline of the histogram; the MACD illustrates buy opportunities above zero and sell opportunities below.
Another is noting the moving average line crossovers and their relationship to the centerline.
Integrating Bullish Crossovers
To be able to establish how to integrate a bullish MACD crossover and a bullish stochastic crossover into a trend-confirmation strategy, the word "bullish" needs to be explained. In the simplest of terms, bullish refers to a strong signal for continuously rising prices. A bullish signal is what happens when a faster-moving average crosses up over a slower moving average, creating market momentum and suggesting further price increases.
In the case of a bullish MACD, this will occur when the histogram value is above the equilibrium line, and also when the MACD line is of greater value than the nine-day EMA, also called the "MACD signal line."
The stochastic's bullish divergence occurs when the %K value passes the %D, confirming a likely price turnaround.
ATH IS YOUR 1ST TARGET/HURDLE, TARGETS ARE THERE IF YOU LOSE SUPPORT AS WELL.
source*
www.investopedia.com
C98 RSI Bullish DivergenceC98 has been in a downward trajectory lately. The bear's momentum has been diminishing as price goes down and this calls for a trend change.
The RSI is forming higher lows while price forms lower lows. This is a clear Bullish Divergence which signify trend reversal at some point in time.
C98 is currently at demand area. If the demand area is broken and a 4HR candle closes below, we may head lower before potentially going bullish towards ATH. This gives us enough room to buy at lower price levels.
This is a 1:7 Risk/Reward trade.
Goodluck guys!!!
CADJPY As you know cad has high correlation with oil and right now oil are indecisive (short in my opinion)
-CADJPY Higher timeframe shows us downward move.
-Divergence+
-short senario : it moves inside triangle
-long senario : it moves inside parallel channel
in any direction it moves we can open multiple positions (pivot touches rule)
SOFI - Long Period of Consolidation - Breakout Imminent sofi
SOFI - a lot of momentum in the business with a bank charter around the corner, new president, football stadium, and more. This stock looks ready for a significant move to the upside. I could potentially see one wave lower to the green demand box, but with the 4hr divergence, decided to go ahead and jump in. Long shares of SOFI.
Target $40+
Possible retest of support and RSI divergenceHey everyone, Binky here!
First time posting, hope everyone can get some insight into what I think could be a turning point for the short term on ADA.
Looking at the 1H chart we can see a clear down trend being formed, higher lows are being formed along with lower lows.
The current levels of support based on my analysis appear to be $2.20 and $2.00, with resistance being met at $2.44.
RSI shows somewhat of a divergence with higher lowes and lower highs being formed with low volume and lower prices coming in while it rises, could this be a sign for an even further dropping of the price?
My personal price targets are looking at $2.10 following the channel only IF support is broken at $2.20 with the possible risk of having the price drop even further than $2.00 if it does not hold.
This is all just dubious speculation of course, take everything with a grain of salt.
Thank you for taking the time on reading my first post! Good luck out there and I hope everyone can make some nice gains and get in at some better prices :)
ATOM/USDT - iv Head and Shoulders trade !!Hello trader,
Nice week and profitable deals 💲
15m ATOM/USDT chart
Head and shoulders trade !!
But be careful, i trade against bearish divergences
Entry-SL -and TP can you find in the chart!
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save !!