GBPAUD - Bullish BatA Bullish Bat setup is here for sideway, counter-trend, and harmonic pattern traders.
Two things to note, the market has not retraced to 1.7366 to validate the setup and Point C touches Point A candle body, which always bothers me.
Despite of that, what I like about this setup is its profit factor and the RSI Divergence.
Rsidivergence
BTC AnalysisHi everyone this is my first ldea here and to be clear I have 0 knowledge in crypto analysis but I'm developing some indicator any use it in trading like " Ultimate RSI With Some Spices " indicator
-- I thinks that we have to break up the golden line here if we want to see BTC UP , but if we don't like the red line we'll back down another time this is simple I think , you can find the indicator in my account .
USDJPY-Weekly Market Analysis-Jul22,Wk4USDJPY is on a strong Bullish Trend. However, counter-trend traders can wait for a retest at 139.11 to engage a shorting opportunity based on the Bearish Crab Pattern retest at the HOP level.
A retest at the HOP level also means I'll be getting a RSI Divergence.
SUSHIUSDTI think it is very bullish, or do you have the same opinion!?!?!
If the corrective movement trend does not fall below the price range of $0.918, the possibility of forming an upward trend similar to the drawn scenario is not at all out of mind.
On the other hand, Ethereum and Bitcoin have not yet issued a signal for an upward trend!!!
As long as the loss limit is met, you can make a trade worth the risk and reward.
We would be very happy to hear your comments
4 HR SOL/USDT Bottom Is InJust wanted to post a basic beginner style chart for people to easily be able to identify with.
4 hr SOL/USDT chart shows us the RSI has made it into my buy zone and is currently making a bullish turn. We have been on following lower bollinger bands for 16 straight candles with only 6 confirmed bullish candles in this same span. Bottomed RSI, bounce near local support should cause a bounce to test historical resistance.
Tether Dominance - Bearish Divergence Current Market Cap - 6.3 Billion
Tether dominance has risen over %284 ever since the market peaked back in November last year.
However, it is starting to show weakness after it made a higher high while RSI made a lower low.
The last time RSI printed a divergence, it signalled the market bottom and money started flowing back into cryptocurrency
We could potentially see a similar move.
The orange line below, represents the total crypto market cap.
What is Tether Dominance?
Tether (USDT) Dominance shows how much percent of the money is on USDT. There is 2 cause of the increase of USDT dominance.
The first is that investors put cash on the market from the outside, which is due to the unfavourable weather in the market.
And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT.
In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
DASH - bullish reversalNYSE:DASH has formed falling wedge pattern and recently did a breakout. Additionally, It has formed a double bottom and there's a RSI bullish divergence on daily time frame. If price breaks above double bottom neckline, bullish trend will be confirmed and bullish entry can be taken upon retest of a neckline.
DXY reversal? Positive signs for the marketDXY is touching the top of a multi-year parallel channel on the monthly chart, whilst also displaying bearish divergence on the RSI. This, to me, signifies at least a small reversal over the next couple of months. This should be buillish for stocks and crypto, which are all reaching significant levels of support at the same time. There is a lot of fear in the market, and blood on the streets (at least in crypto), so I am buying in here for a swing trade.
BTC:
SPY:
QQQ:
TRACBTC Cup & Falling Wedge With Trendline Support ConfluenceBullish chart patterns for TRACBTC / OriginTrail. A Cup & Falling Wedge handle with
trendline support & hidden bullish divergence on the RSI. This is on a weekly timeframe
on logarithmic scale.
I think a massive outperformance of TRAC to BTC will occur very soon.
Also check out my idea on the TRACUSD pair where the 4.236 Fibonacci extension has
pinpointed the top 3 times in the past.
SOL short term rallyI'm monitoring this channel for BINANCE:SOLUSDT right now. I had been moving in this channel and I am seeing signs of short term upside.
RSI has bounced off this level several times in the last 2 weeks. Not to say we cant go lower. Remember, this is still a bear market.But bounces are still likely. I have taken a long and will wait. Stop loss set as well so whatever happens, happens
AUDUSD - Head and ShouldersHead and Shoulders, is my favourite classic trading setup that I never treat lightly. This setup has an RSI Divergence which is a setup that I fancy, what's left will be a candlestick pattern confirmation before engaging in this trade and I could even ride my profit to the Bearish Shark Pattern completion using my upsize trade management.
GBPJPY SHORT H4Closed my LONG position at the false breakout. Minimized losses while opening a SHORT position on the possible movement to the downside.
The RSI is largely overbought while the Resistance is holding same as what it did last 20th April. This is a possible reversal
This is a somewhat strong position. Will be closing 75% of my trade @ TP target and will let the other 25% run on a trailing stop