There is bearish divergence on the chart.
RSI 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
The 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
The longest bull market in history might be halting briefly - bearish RSI divergence - short @ around 2860 - stop @ 2875
Okay Q2 earnings but way overbought. Bearish Divergence showing on the 1 hour both short and long term. I think we get a pullback to long-term resistance around 2.10-2.20.
The 4 hour timeframe of Bitcoin (BTCUSD) is shown in this analysis and commentary is provided below based on the numbers marked on the chart in an ascending order. (1) Bitcoin bullish price channel that arose from a Head and shoulders bottom (inverted Head and shoulders) pattern that confirmed after price close above ~$6,869.60. The implication of the Head and...
ETP is forming a double top chart pattern ( bearish ) and bearish divergences in histogram. MACD is about to cross bearish , rsi just left the overbought zone. I assume a retracement to 200 ema line is likely, which would mean about 20% decline in price.
We have a very strong resistance at 7780, Bitcoin tried to break it through at the beginning of June but failed now we are faced with that again. I see bearish divergences in 4h-3h-2h and even in 1h chart. In the next few hours it can pullback to 7500-7400 again. Please be careful and trade calmly.
Bulls insist and there's apparently a pump, but TA shows bearish divergence on 4h RSI and OBV, chances are price will go down soon, my guess is to around 7100, before bouncing back up.
Flag pattern that I mentioned is broken to upward. Can go higher ???? Then, Let's start the analysis for today's BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '4. Summary and Strategy' and click '+Thumb up, +Follow' :-) 1. Briefing # Sideways Movement # Penetrate 100EMA # Resistance of Neck-Line on Bitflyer market(refer...
nas 100 bear divergence ending diagnol lucrative risk reward
Seeing the combo of the rising wedge and the bearish divergence on the 4hr chart and 4hr rsi makes me think we will at least see a small breakdown back to the 4hr 50ma. Hoping we turn it back towards the upside after forming another higher low to allow the bulls tos tay in control. In the short term though probability is high enough for me to switch my idea status...
"Bearish OBV Divergence occurs when price advances but OBV declines."
BTC is forming a rising wedge in a downtrend which is a bearish pattern. There is also a strong bearish divergence on the RSI. Evidence suggests a bull trap breakout outside the wedge, and a continuation of the downtrend.
been warning people most of the afternoon that had their bullish blinders on that this rising wedge would likely break downward as we would probably form one more lower high/lower low combo before completing eve's handle and continuing upward. I had spotted bearish divergence on the 15, 30, 1hr, and 4hr rsis and noticed the 4hr stoch rsi was completely maxed and...
When it breaks the bearish flag formation, price may go down. Next good buy point can be the second grey line. DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.
Just experimentig with this divergence. I am not shorting it. If anyone can comment it I would be glad. Keep hodling ;)