1. Divergence: Look how the divergence method gives us a heads up every time in advance. When the divergence appears it is all about to find next breakout on the RSI trend lines. I've drawn arrows every time the method tells us to do an entry. 2. Counting legs: We are now about to complete leg C. This is also last time it rised rapidly (12 December 2017). This...
1. Bullish Divergence combined with a RSI Breakout just appeared locally. If it breaks the global RSI Trendline it might indicate a positive trend ahead. 2. Triangle Pattern is about to be completed and a breakout here will also trigger a positivt trend the next days ahead. Good luck!
Using Divergence method I think there might be a possible entry right now as the pullback is finished. It could be alot of profit on this one! Good luck!
It is about to break a RSI trend line after a divergence occurred. This indicates a rise in the price the next days. If it breaks upwards on the descending triangle pattern this will be another good indication. Also look how close it is the big trend line. This trend line works as a support. Breaking this one might trigger a hard fall the next days.
Signs: Divergence combined with breakout twice on the RSI. It just completed leg iv and leg v is next one up (Triangle Pattern). 200MA is still growing. 50MA about to turn up.
BTCUSD is testing a big RSI trend line currently. Will it turn downwards again or will it break through?
Look at the bigger divergence that appeared on the D-chart currently. Could this indicate a downtrend? May leg C be the next one? This is how I use Divergence technique: After a Divergence has occured I look for possible trend lines that might be the trigger to do an entry. When the trend line is broken I do the entry straight away. It is very often testing...
Trying some volume profile combined with something that looks like Gartley pattern (with some error). By doing so it looks quite bearish at the moment. It could also rise further up to the 0.886 fib level where we find another volum level. If so, it it will complete leg 4 of a big triangle pattern. 50MA and 200MA are also beeing crossed at the moment. Possible...
ETHUSD: The local 0.618 fib level made it bounce. The lower line of the uptrend channel was strong enough. The upper line on earlier ascending triangle works as support. The Gann Setup isn't the best, but I'll give it a try. Zoom out if you wonder this looks like. In other words, the blue arcs should hold. Wave 4 next up? ETHBTC: It is currently in a down trend...
The patterns seems familiar. Will the orange pattern repeat this time too? Look how the Gann arc made it bounce (The Yellow arc). The same bounce happend last time aswell. The Stoch also describes the same (ABC formation and the blue spike might be completed). More Gann ideas:
Still not broken through the neck line. I think it needs to build more momentum first. Local trend channel is completed (Wave v is completed), but it is still below the upper line. Bullish Gartley pattern is almost completed. RSI channel confirms the global descending trend. Gann arc iv works as support. Earlier ideas:
Local Gann arc iii is still active. Triangle pattern might still be active (I've added a new bottom line in this case) The descending neckline from earlier H&S pattern might work as a support line in current position. Additional, we also have the old bottom line from part 1 and 2 that also might work as a support line. Local wave A and B might be completed...
Chyper pattern completed. Triangle pattern still valid. Long entry should work now. Part 1:
Bearish Gartley Pattern completed. Cypher Pattern is almost completed (Leg D is the next one up). Triangle Pattern is 50% completed. Look how the local ABC waves are placed perfectly along the 12345 legs. It might do a correction (Local leg AB) before going further down and completing the Cypher Pattern. Currently status: Hold. Long Term: It is still above the...
Gann x3 times gives us this possible scenario. Within 2-3 days a bounce might appear. The momentum is now very good as well. Diverences will confirm the 1.trade.
Maybe Gold will break-out this time? My older idea:
After almost hitting the inner arc it might face downwards again. Might be some drawing error on the arcs but it looks quite accurate in this position. The stop loss is placed above the outer arc, and a short entry could possible be done later on. Local ascending patterns (for instance Triangle pattern) might be the trigger. Also look how close it is the globale...