Get started

Rsibearishdivergence

BTC from an RSI Viewpoint.A look at BTC on a higher timeframe from an RSI viewpoint. 3 Day Chart - RSI Settings (length = 21, MA = 21). Things are getting interesting! We have broken the RSI Downtrend (green) but are also sitting right at the previous broken support. (red line - previous break downs in red crosses) This line has been major RSI support since 2019. We currently have some hidden bearish divergence and have hit the 0.618 of the previous move down, meaning it's likely we're due for a retrace here. Using the broken RSI trendline as our support, we need to hold 19500 to have a bullish run. (Green line on chart - This also lines up with the 0.782 so could be a deep retracement) In regards to future resistance, breaking up through the red line will have us in the all clear and the next line of major resistance on the RSI is 25,900 on the 1 Week Chart ✌🏼
BITSTAMP:BTCUSDShort
by TinyTtrades
2
Bitcoin Weekly Chart Analysis WARNINGHi guys I was looking at the weekly chart for bitcoin and I noticed something on the rsi. A huge hidden bearish divergence can be seen from last year's top to this year's top. I am still very bullish on bitcoin and do hope that this does not affect the price action of bitcoin in the following weeks to months even though we have had a massive break out to the 40k levels. Just a warning to be cautious. Just wanted to point that out in the case bitcoin dumps back down lower.
Short
by yoyokenwan
1
BTC- 240 MINUTES - RSI BEARISH DIVERGENCE !Today, we are going to look at the 240 minutes chart where a RSI BEARISH DIVERGENCE has been identified. In addition to this signal, a potential double top formation is also in progress with its trigger level @ 41'779, just above the level of 41'705 I mentioned to watch yesterday on my DAILY ANALYSIS. So watch now carefully ongoing price action in shorter time frame which will help you to get more clues and which will validate or invalidate this potential double top in progress. First support to look at is @ 42'600 (TS) , ahead the ongoing support trend line (in green), currently @ 42'280, which also coincides with the Mid Bollinger Band and which usually works quite well as leading indicator; slightly below 42'000, there is the Kijun-Sen @ 41'971 which is the last support before the double top trigger level previously mentioned @ 41'779 A breakout of this level would target a downside move towards the the 40'000 area which is also by the way the bottom of the clouds area in this H4 time frame. On the UPSIDE , a successful sustainable recovery above the former high @ 43'492 would neutralise this ongoing downside risk and would put the focus on the former high above 45'000 seen at the beginning of March. IRONMAN8848. & Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
Ascending Broadening Wedge Visible on Weekly Time FrameWe gave Double Bearish Divergence on the RSI and are at the Supply Line of this Weekly Ascending Broadening Wedge. We are however very near 100 an di wouldn't be surprised if it just came to visit the area's of 100 before coming down but at this point in the chart would be a nice place to take profit or take a shot a being Bearish. As of right now the put options are very expensive for this stock most of the puts are trading at about 3-5 times the price of the calls for the same strike so we will have to wait for those puts premiums to go down but if they ever do it will be a nice entry.
NYSE:ZIMShort
by RizeSenpai
3
BTC - Pin Bar Formation but RSI Bearish DivergenceWas quite the drop today, swapped some Gold for Bitcoin-adjacent equity QBTC - more than doubled my position, also HIVE - doubled position - did not get the best prices, but close enough. When I sold the gold prior (Mutual Fund), the timing could not be better to get a half decent price and to buy those equities on a dip prior to the weekend, where all bets on BTC are off in my mind. The move up on this pin bar tells me that better to be safe than sorry in case Bitcoin suddenly breaks trend and moves up. Still not all the way there in terms of where I want to be on those equities, but closer. RSI seems to be tracking some bearish divergence to my eyes, with price settling higher than, but RSI printing lower on the RSI trend line I've drawn. The divergence is not very large, but not insignificant at this point and I would not be surprised if we were to see lower prices by Sunday despite that 4-hour Pin Bar. Could be a short idea in there somewhere, but trading it would be a matter of timing and cutting losses very quickly if price does not manifest lower than the entry. Something to look at tomorrow perhaps. All in all, I would say my bias is neutral and that playing the range that we have is most likely what traders are doing right now - might join them with a tiny stack that I reserve for trading purposes. If I were to place a bet, I would be selling as high as it can go in the next day or two and look to exit on a re-test (and possible failure) of 32 K (exact number would be found along the bottom of the trend line). Too much of a headache at this point to play it, and perhaps that is for the best.
BITSTAMP:BTCUSD
by JJMa
BItcoin could be reverse to the $11,100 USD!!!Bitcoin in H4 and H3 timeframe, I detect a bearish divergence that the price could be to drop. Ok, as Bitcoin is formed a bullish rising wedge on H4 timeframe. we could see another drop unti lthe $11,350 USD. So, I closed up my long position right now when yesterday I send you an alert that BItcoin is prepared to go bullish from $11,730 USD that was my positio that I entry in long, but right now, I see that in H4 Bitcoin doesn't have force to continue up. That could be a manipulatio pure and we need to be carefully on what cryptocurrency do. And then, today, I closed up my position on Ethereum and Litecoin becuase has sign to reversal. And then, Ethereum touch my break even, and then, don't worry about the loss, becuase just I losses less of $2 dollar, but in Bitcoin I recover this $2 USD losses when I lcosed up this position as I detect this reversal trend soon. So, I put my sell order limit at $11,800 USD, that was a resistance that Bitcoin falls in two ocasion and then, we hope that Bitcoin make a reversal of the trend. Now, the SL I put on $12,000 USD becuase the $10,800 USD it's a critical point of bears scenario and we could see this as manipulation, like Ethereum do!!! The share with you the RSI and RSI show us a bearish position and the movement was volatil that Bitcoin could be manipulated, so that turn a Bitcoin bearish until the $11,350 USD go back!!! Ok, looking in H3 we see with clearly that Bitcoin has a bearish divergence on the RSI. That is a signal that bulls are out and then, bears going to control it. So, if you have any question about this manipulation of perspective, please comment. I see that in ocasion the crypto-market is volatil and there's a manipulation movement. Yes, it exist, but the most important is your risk management!!!
COINBASE:BTCUSDShort
by harisonhbn9718
2
FTM/USDT | Pivotal level | Bearish Divergence | 200 EMA Todays analysis – FTM/USDT – consolidating at a pivotal level as trend support and structural resistance converge. Points to consider: - Key level (apex) - Swing high failure - Immediate target (structural support) - 200 EMA Support Confluence - Low volume - RSI bearish divergence Price is coiling into its apex as trend support and structural resistance converge, break in either direction is probable. Price failing to break structural resistance; a local swing high failure will for a bearish bias in the market with the immediate downside target bring structural support The 200 EMA also coincides with structural support, putting emphasis on the key level. Volume is also declining and remaining below average; indication of an influx being imminent, likely to coincide with bearish price action. The RSI has a valid bearish divergence, another sign of weakness in the immediate market. Overall, in my opinion, a long trade is validated with a successful S/R flip retest of the 200 EMA with technical target of structural resistance. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
NASDAQ | Parabolic Curve | V-Shape Recovery | Blow-Off Top Todays Chart – Nasdaq 100 Index – Trading in blue-sky territory respecting the parabolic curve. Points to consider: - V-shape recovery - Respecting parabolic formation - Bullish trend- consecutive higher lows - Fibonacci extension target approaching (4.236) - RSI above 50 - RSI bearish divergence - Multi confluence support (200 EMA + .618 Fibonacci retracement + structural support) Conjuring a V-shaped recovery, NDX is looking to put in a blow-off top as the finale to what has been quite the euphoric bull run. Despite the 30% market crash, NDX continues its higher low projection, respecting the parabolic formation as it approaches the 4.236 Fibonacci extension target. The RSI is above 50, showing strength in the market immediate market, however, there is a technical bearish divergence indicating weakness in the forthcoming months. Historically, NDX has retraced to the 200 EMA during bear markets which is indicative of a reversal to the 200 EMA being eventual. Furthermore, the .618 Fibonacci retracement (pulled from the 4.236 extension) is in confluence with structural support, thus a retrace to the support zone is probable. Overall, in my opinion, Nasdaq needs to put in reversal price action (lower highs, lower lows) to validate a short trade to the technical target below.
TVC:NDQShort
by Kudiiee
AIONBTC | Trend Change | S/R Flip Re-test | Trade SetupToday’s Chart – AIONBTC – Showing signs of a confirmed trend change, holding structural support will establish another higher low. Points to consider: - S/R flip at structural level - Volume steadily declining - Increased bull volume nodes - Square-up at .5 Fibonacci resistance - RSI bearish divergence Currently trading above structural support, consolidating above this level further solidifying the S/R flip. Increase in bull volume nodes is a healthy sign for the trend change and the evident decline in overall volume is an indication of an influx being imminent AION’S technical target of .5 Fibonacci retracement is also in convergence with a square-up from a recent impulse move The RSI has a valid bearish divergence, a sign that the local trend is weak and a retrace to structural support is likely with a probable confluence by the 100 EMA Overall, in my opinion, a retrace to structural support validates a long trade to .5 Fibonacci resistance with defined risk below structural support.
ALong
by Kudiiee
2
SMH - Shaking my head?The primary pattern is definitely bullish going back to the December lows. Since the selloff in May, each pullback in the SMH does not reach the support trendline. Unfortunately, prices have created a new high creating a bearish divergence with the RSI indicator. The dashed purple line shows an intermediate trendline since the price has found strength on the pullbacks. A break of this intermediate line around $120 could lead to additional weakness bringing the price back to the primary trendline around $113. Semiconductors have been the second strongest tech industry YTD behind only Hardware but they have been slipping over the last six months. Performance weakness may continue.
SShort
by Chartimistic
ZS - Scaling InZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August. Another earnings report in September led to a gap down that created an Island Reversal pattern & carried the stock price below the March gap, which was now acting as resistance. The stock price continued falling as it tested that March gap resistance a few times but as the price fell the RSI has moved higher creating a Bullish Divergence. With the price moving out of an oversold condition I am looking for the price to move up to re-test the September gap resistance. Depending on bullish momentum the stock may be able to continue rising to fill the September gap.
NASDAQ:ZSLong
by Chartimistic
DRI - Let's Go Out For A BiteDRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator. The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing the resistance level of the March gap zone with the stock finding strength. DRI is finding relative strength within the Restaurant industry but still needs some more time to see if it is gaining strength on the SPX. If the price continues to rise I would expect a re-test of the bottom of the gap down zone around $122.
NYSE:DRILong
by Chartimistic
GBPUSD 1hr tf:3 crucial info. to keep in mindCommentary based on the numbers indicated on the 1hr tf of the GBPUSD is given below: (1) The meandering price action of the GBPUSD from May 29, 2018 till present date is captured in this analysis using a falling wedge (diagonal) with price action successfully testing the support and resistance line at least twice; hence validating the chart pattern. This pattern is ideally bullish, signals a possible end to bearish action, and resumption of a bullish trend. (2) 1.31041 and 1.30687 is used in this analysis as the support region anticipated for the GBPUSD should a break occur below the latest bullish trendline (in pink color). Successful test of this region is expected to provide value for long (buy) positions, while a break below 1.30687 (lower region of support) could see price return to test the lower region of the falling wedge. (3) A bearish divergence is shown with red lines on the relative strength index and price action. This is a warning signal and implies that the current bullish momentum is running out of time. Also of worthy note is the pink line (bullish trendline) and the red line placed on price. These two lines themselves form a rising wedge that should be watched closely. The rising wedge (ideally bearish) is also one of the reasons why a break below the pink bullish trendline can trigger a quick sell off. A break out above the upper line (resistance) of the falling wedge that is confirmed by momentum should see the GBPUSD continue its current bullish trend. 1.33024 is indicated in this analysis as the price level to watch for a possible entry in a long (buy) position. This is considered very conservative, while less conservative approaches involve finding an entry point(s) before price exits the falling wedge.
Long
by Coin_Analyst