Bearish-divergence
DENTAfter the bearish divergence dent dripped to currently 37, dent has room to dip to 35/36. If it breaks the uptrend we may see 32/33 as resistance.
BAT/ETH looks toppyLooking at the bearish div and decreasing volume...it looks like BAT is going down from here! Watch the fib levels for some bounce area's
MDA/ETH: Time to take profitsBearish divergence on the lower timeframe, the wave is over...time to take some profit!
BTC its clear for me nowI have found something very intresting in the BTC pattern. It seems that we retrace after every uptrend back to the 0.718 zone (blue zone) of the fibonnaci levels.
Using this I have predicted the further trend of BTC.
If I use this trend, it seems we are forming a rising wedge, wich is bearish.
The target after breakdown of the wedge would be at the start of the wedge, between the two brown lines.
BTC USD short term ideaI think we could see a recovery in the price in order to reach the bearish trendline and then go down again. As you can see I draw some fractals and they are very alike. The 4h stochastic is at the bottom, and de 1d stochastic could stay up a bit more this reinforces the idea of a recovery before going down. If we do go up and reach de 6900 (bear trendline ) then a bearish divergence on the rsi will appear in the 4h chart.
Creo que podemos ver una recuperacion en el precio para llegar a la linea de tendencia bajista antes de volver a caer. He dibujado unos fractales que son realmente parecidos, ademas el estocastico de 4h esta en el suelo apunto de girarse, mientras que el de 1d aun pòdria quedarse un poco mas por arriba. Si esto sucede y subimos hasta los 6900 probablmente se dibuje una divergencia bajista en el RSI , por lo que no parece que vaya a poder romper la directriz.
WEED Going DownBroke through previous upward channel, found support on the 0.5 fib, but failed to make a higher high. Bearish divergence on the RSI and Stoch is looking to form a bearish cross. Reversal indicated via heikin ashi as well. Rapid dump indicates this is not a simple bull flag. Volume has also been decreasing during the rebound off the last dip. Expect a retrace to at least the 0.5 fib. Likely will find support around the 100 Day SMA as it has done previously.
My opinion not financial advice
Which way to go?Rising wedge , rising channel , bearish divergence, possible H&S print...how long will it take for bears to take over again?
There is still a chance on a short squeeze + bullish cross on the weekly macD so if we fail to dump a last touch of the wedge resistance at 7500-7700 could play out too.
SP500 RSI 14 multiple bearish divergenceRSI 14 cannot follow the SP500 record highs... This is a clear sign that the uptrend is exhausting and reveral is coming.
Yesterday record bar also closed near the lows meaning that this SP record was more an opportunity to sell rather than keep pushing higher.
I have played this trade with SPY put 287 - 28 Sept @3.95
Short Position Confirmation Signal on 1H XBTUSD, BitMEXThe Market is testing for third time a major resistance level and gives us a sell signal for my previous idea on the same pair, daily chart. We have Major Structure Level on a HTF and TTF as well, RSI Divergence, Triple Top and we are on Overall bearish trend based on 1D,4h HTF. I think I'll jump in , wish me luck ! :D