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Rsi_divergence

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 :)
COINBASE:ADAUSDLong
by BinkyBucks
3
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 !!
Long
by TR7z
2
Bitcoin Rally Induces More Bag Holders Plus RSI DIVERGENCEGood day guys! Let me start off by saying that I do like Bitcoin and what it represents for us as retail traders. Now with that being said, I posted an analysis about two months ago or so pointing out the massive head and shoulder pattern. I received some disgruntled Bitcoin supporters. Then, a couple weeks later other big analyst started pointing it out as well. Mind you, we did profit from the 12000+ pip move to the downside and off the buying as well. Furthermore, with Bitcoin going as low as to the 29k mark. However, our stops were triggered in profit and we recognized the exhaustion. The exhaustion was presented at the neckline of the massive head and shoulder pattern. The unique thing is Gold had revealed the same massive pattern as well. We all know how that ended, before the massive rejection. You can check the previous analysis that was posted, I called that setup. Continuing on, Bitcoin is showing some extreme bearish divergence in the RSI, while price action continues to suck others into this rally. Understand this, when it comes to market structure, there is always a rally in a downtrend and a sell off in an uptrend. The bigger the rally in an uptrend, the bigger the drop and vice versa. When it comes to trading on higher time frames or from a macro view, it sometimes take time for you to see it through. However, that does not mean it is not going to happen. Those who have been following me knows that I am a long term trader. I look for setups that can be held for several days, weeks and if necessary months. However, I do provide intraday setups as well to snack on. You can see that we are approaching a level where this divergence is unsustainable. In conclusion, I still do see the price of Bitcoin going back to its 2017 highs to build up support. There is a high probability that if the 2017 highs does not hold up, it will fall through to find a new floor and that mean Bitcoin could go as low as $9700. This is not an opinion with no data. This is simply the technicals are telling a story in regards to where the price of Bitcoin could be headed. Most who are crypto traders know that when Bitcoin suffers, other cryptocurrencies go with them. This will be an even greater opportunity to buy at these levels. For beginner traders or those who are not as experiences I want you to understand this, Bitcoin is volatile and can move aggressively. Therefore, make sure you are aware of risk management before trading and consult with a financial advisor before entering into a position. If you enjoy seeing mark ups from us, feel free to leave a comment to let us know. Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
BITSTAMP:BTCUSDShort
by ThirdEyeTraders
3
There are some reasons which show Bitcoin will drop!Last week was a perfect week for Bitcoin, Everybody think Bitcoin will breakout strong 40K-42K resistance at this time but data shows opposite! As you can see price is making HHs in 4H time frame but RSI indicator is making LLs at the same time(Negative Regular Divergence). Volume is decreasing! It is a negative sign for trend strength, I think big players are boring guys who takes short positions and they(big players) are trying to hit bears SL again and then DROP. Probably a fake breakout will happen! be careful.
Short
by TahaZargar
10