Bearish-divergence
GBPUSD H4 - Bearish divergenceUSD has been constantly lagging behind most major pairs for a long time now. This is a counter-trend trade, hence if you decided to trade this, please be careful and risk only money which you can afford to lose.
I'm seeing a bearish divergence on RSI 14 on GBPUSD H4. We might get a pullback to 50% then go higher, or price might break aggressively past 50% and lower. Or neither happens and price just keep rallying... In the 2nd scenario, you can close half lot at 50% and trail your stop.
GBPJPY Rising wedgeThere is a 70% chance
in a rising wedge, to break out
to the down side
Each box count for 14%
of the price from A to B
All together its 98% of the price
from point A to B
the Boxes represent the average
Decline in a rising wedge
When a sell signe is seen
So 1 box is 14%
witch is the average decline
when the price breaks
Before a 20% retracement.
Therefore i see the price decline to. 148 - 147
if it breaks the green trend line :)
If you take a look on the Blue arrow. in the chart and the RSI
you can clearly see a bearish divergence
Dax Time for some correction? I know its difficult too conclude when a correction is ahead. special i a bull market...
I will take the chance :)
The chart analysis is Elliott wave.
there is; Minor and minute
I erased Minuette, because it looked messy on the chart, and difficult to read.
We also see a bearish Divergence i marked it with arrows and text, in the chart and the RSI.
The Divergence indicate an underlying weakness. bulls may be exhausted at this area. A possible trend direction change.
Correction needed, bearish divergences on all time frames.Our weekly Tom Demark sequential count is almost at exhaustion, however BTC is a bullish animal by nature.
I am seeing Bearish divergences on multiple indicators, below is the 4 hour MACD and RSI
The 1 hour MACD and RSI
Our Daily Tom Demark sequential count closes in 2 hours as of this writing, we have daily support levels at 7685 on Bitstamp that we have tested already, I expect a test of this again, if we break it then I expect a further correction down to low 7 thousand.
*Note: It is entirely possible we get one more push to an all time high and then have a correction for 1-5 days. Difficulty adjustment happens for ₿itcoin in about 3.8 days, it is a potential that B cash continues its attack ;) on ₿itcoin in this time further driving the price down for a correction.
Tread carefully in these markets as ₿itcoin has tons of institutional money flowing into it. $10,000 per BTC is not out of the question by the end of the year, but we are needing a bit of correction at this point.
Bearish Retracement on daily : head&shoulders pattern ?We can observe a head&shoulders pattern forming on DAILY BTCUSD chart.
It is not finished yet, but if it finishes, it will announce a short term retracement.
Also, a bullish hidden divergence indicates that the uptrend will continue.
NOTE : i only have some months of experience in trading, take my analysis with caution.
Regards
District0x Long Opp-- RSI trading As you can see I've been playing DNT like an absolute fiddle. I see this as a great long opportunity because I still consider DNT undervalued in terms of market cap, and think it has a lot of room for growth. Since its initial pump, it's been staying faithfully within the ascending channel while drawing down between fib levels of resistance. I definitely see DNT remaining in this upward channel for at least until it recoups the initial losses to the ATH, then I will revise this idea accordingly. Not much opportunity to backtest the RSI settings on this one, it's only been on the exchange a week or two. However, I'm looking at the hourly chart with 18 periods in the RSI and as you can see the negative divergence highlighted in red signaled the end of the run.
I'm using 24 periods in the STOCH RSI to include a larger time frame, smooth the indicator a bit and provide fewer false signals by accounting for more of the macro trend. When a divergence appears here, it will be more reliable than on the other RSI indicator.
Watch for any breaks below the long term trend line in green.
Bearish Regular Divergence + candlestick reversalHey guys,
I except a retracement on short term (4H) BTC price.
A regular bearish divergence and a HANGING MAN bearish candlestick reversal pattern makes me think of a retracement for next hours.
Also, STOCHASTIC shows that BTC is overbought.
What do you think about this ?
DJIA/DOW JONES short idea (m30/H1)Dow Jones INDEX:DJY0 formed a bearish Wolfe wave.
Being supported by RSI divergence at m15-m30 timeframe and significant stopping volume at point 5, it appears to be a good sell entry point.
Crossing line 2-4 supported by increased volume should confirm the move South.
Opened 3 positions at 22049/50, SL 22167, TP 21878
GL All!
BTC Correction Signal: UpdateGODMODE script and LSMA showing heavy sell pressure on 30M and 4H. Volume is finally starting to slow down as more sellers enter the market. The BLACK and WHITE background is from a custom DMI script I wrote, where BLACK indicates stronger selling pressure and WHITE indicates stronger buying pressure. This could be the beginning of an overall divergence from this insane BULL run we are witnessing. Keep your eyes peeled and watch the order books for WHALES putting pressure on both sides.