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...
It is incredibly risky to short bitcoin but let's go.
Please see annotated chart for details.
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
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...
Hey 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 ?
........... 12H and D bearish divergence in a rising wedge... No trading advice, ensure your own due dilligence.
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!
This might potentially not be pretty short term. Easy to get bull trapped up in here in the short term. I'm standing aside for the moment.
GODMODE 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...
Reasoning: -We've got a symmetrical triangle but judging by the indicators (Bearish Divergence) the pair looks like it will breaking out to the downside -TP target would be set on the still fresh demand zone, a little higher up from S1 pivot
We see a hidden bearish divergence has formed on the 2hr chart following the ABC corrective Elliot Waves. Two potential TP targets based on previous support/resistance form on past lows (red dashed lines). Disc . This is merely an observation of price action and NOT a suggestion to buy or sell. Do your own extensive research before placing a real order.
Hi All, Last week, I posted a EUR correction that I thought has started but sure enough, market always seems to push up more than anticipated. However I still firmly believe the count is still very valid as we have been extremely bullish since the 10th of April since we hit a price of 1.15690 and a retracement is due so I am on the hunt to re-enter a big short...
On April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days. When we take a look at other technical indicators, the relative strength...
Lovely retrace on the daily to the golden Fibonacci level of 618. Complete rejection, in addition to rejecting a key support/resistance line at the level of ~1.64. 1. Rejection of 0.618 Fib level on the daily retracement 2. Rejection of ~1.64 level 3. Massive RSI divergence across all time frames (4h and below) 4. 4H RSI is extremely high (~80). Only happens a...
My Friend Gartley pattern has emerged on the FX:EURUSD on the 60min chart. Stick to your trading system and use this a to highlight your strengthens. Also; make sure you have proper stop loss or risk management system implementation in. Remember friends no revenue leakage! Cheers and Happy Trading EDub
USD/JPY is creating bearish divergence ,so price should go down at 0.618 Fibonacci level , this will give us buying opportunity.