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Rsidivergence

📖 A Guide to RSI Divergences - By Trading-GuruIn this guide I will walk you through the three main different kind of divergences and explain to you how you can spot them. I also show you the extreme power RSI divergences have by looking at BTC/USD and mark them on the chart. It's quite special to see all these three kinds immediately after another, and it's really nice to see them all working out here as well. Obviously, no signal will not provide a 100% success guarantee. But this text-book example on the BTC price showing how they work out every time is great for both learning and profit taking. It can be very hard to trade an asset that has seen such immense growth and nearly vertical upwards momentum. Using RSI divergences you will still be able to predict price reversals and trade successfully. So let's take a closer look at the three different forms of RSI divergences that I cover here on the chart. Exaggerated Divergences Exaggerated divergences are similar to regular divergences, but are considered weaker and less predictive variations. The term exaggerated refers to a circumstance where either the oscillator or price makes an equal high or low. Regular bullish divergences and regular bearish divergences both have two exaggerated variations, so there are four exaggerated variations in total. In this case we look at a bullish version where the price is consolidating the but the RSI shows an increase in momentum. Hidden Bullish Divergences A Hidden Bullish Divergence is considered a continuation signal in an uptrend. It refers to a circumstance where an oscillator reading falls down below its previous low, while price is still higher than its previous low. Hidden bullish divergences are most likely to occur in the middle of an uptrend – often after a healthy pull back – and indicate that the uptrend will most likely continue. The starting point of a hidden bullish divergence should be a clear swing, not just a red candlestick. Regular Bearish Divergence A Regular Bearish Divergence is considered a strong reversal signal in an uptrend. It refers to a circumstance where price rises and makes a higher high, while the corresponding oscillator reading is still lower than its previous high. Bearish divergences are most likely to occur in strong uptrends and signify that upward momentum is weakening. A reversal – or at least a pull back – is then expected to follow. Regular bearish divergences also appear in exaggerated form. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITFINEX:BTCUSDEducation
by Trading-Guru
25
BTC Dominance, time to correct? Time for alts rally?Like in my earlier post on BTC, This is BTC dominance chart also showing weakness like it is seen on BTC USDT. volume is getting lower and lower to previous volumes, macd histogram is not getting enough momentum anymore RSI printing a bear div... as well as dominance approaching resistance. All this combined together shows that btc may be approaching a top and due for a correction, or better still a consolidation while alts get the spark. Many alts are having bull div already and some already have random rallies ut sadly enough not holding the grounds. Is it time for alts rally?
CRYPTOCAP:BTC.DShort
by KryptOkib
2
BLNK A Little Too ExpensiveThere's no doubt BLNK has had a meteoric rise over the past few months. Gains YTD are up over 2,500%. This is a company that I think has a bright future (no pun intended), but not at this valuation. Current price is trading at multiples of 344x of sales, 95x of book value and 104x cash. Most recent 10Q shows me that: GP is up approx 122% from 3Q of last year while Operating Expense is up 38%. OPEX increase was largely in part of increased compensation and G&A expenses. Operating Expense now represents 292% of Revenue compared to the 364% reported same quarter last year. So the company is growing. Here's the downside. Share price is now based on a valuation decades into the future. Chart shows that we've got RSI divergence along the highs so expect a pull back. I'm interested buying but at the right price.
NASDAQ:BLNK
by NetWorthFocused
17
SPCE Possible ReversalSPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30. Heavy eyes on the 1/15/21 $25c and $30c. Volume seems to be focused there. Leave a comment to discuss!!!
NYSE:SPCELong
by NetWorthFocused
2
BLNKblink charging ok, I think this is extremely interesting it has been going really high from the $20 bottom. almost +100%. after it hit today's resistance line, it is probably going down, BUT then we have to possibilities: it can resume going up, to more than $40, OR it can keep going down. there is a divergence in RSI and chart's prices, so it SHOULD go down, BUT in the lasts months I saw happening the opposite. it is surely interesting, as well as dangerous, but can be a great opportunity. trade well.
NASDAQ:BLNK
by camelot0707
4