Bearish-divergence
ALT Season about to start Well, USDT.D. has formed a massive divergence; there could be a last shakeout to eliminate the retail investors.
It's a very good opportunity to start buying into some of the altcoins.
I believe file, coin, dot, dash, and sushi are nearing or have already reached their bottoms.
After breaking out of this massive rising wedge, we will see a huge pump.
Today's dump was harsh, and there was a lot of fud about Binance. Binance isn't going anywhere, but I always suggest keeping only 20–30% of your holdings in the exchange so you can trade.
So be careful while buying and do not use bigger levers, as leverage is designed to take your profits through fake wicks. There isn't any better opportunity to buy on the spot than now.
Good luck, and hopefully next year we will see at least 2-3x in all major altcoins.
Also, there is so much fear in the market right now; that's an indication we are much closer to the bottom.
Gala is ready to dump! We have extreme barest divergence on the one hour, and we topped out with confirmation in the volume three hours ago, so the drop should happen anytime. This token suffered an attack on its accounts and had its tokens stolen so I’m not sure if this token will recover at all it’s probably best to just short this token to zero in my opinion.
DXY is testing a major resistance area After a massive rally of dollar, people were selling everything to buy dollars.
now dollar is testing a 10-year resistance. which means we could definitely see the massive corrections in other markets. including bitcoin or stocks. I believe bitcoin is not going below 18k for time being.
bitcoin is probably heading toward 30k - 32k area. within few weeks. (Only if DXY unable to break huge resistance area)
also, bitcoin was very oversold which means the market will eventually have massive correction.
We can also see the huge monthly RSI divergence. which means the momentum is shifting.
Last 11 months rally was huge and the whole world economy collapsed due to dollar bull run. i think now it's time for dollar to get a good correction.
if we take look SRI LANKA economy vanished into thin air. also, country like Pakistan were struggling to keep up with the inflation.
DXY has huge impact on $BTC however Bitcoin was still performing better than worlds most powerful currencies.
NOW we need to take a look at CPI report in order to take further action. 13 OCT is the big day.. that's when we are going to take action.
Have a good day :)
RVNUSDT Analyze (ETH Merge soon Launching)!!! 🧐
I think something special is happening here to Ravencoin (RVN) , but please don't get FOMO.
Of course, the good news for RVN is that there is the launch of the Merge tomorrow 2022-09-15 at 6:00 UTC in approx 13 hours frome now. But as it has been hyped since weeks now ETH could crash after the launch. RVN will be one of the only coins profitable for GPU mining so people are expecting a rise to happen here. We should expect at least a correction after the strong upward trend that it had in the previous hours.
RVN Analyze ( RVNUSDT ), Timeframe 15m ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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DXYHi all,
DXY is in parabolic trend and cash is king.
9 WEMA holding like a hero so no many reason to be bearish until now.
However a bearish divergence can slow the parabolic trend.
If DXY slows down we can see the markets pumpin' for short term.
The BTC and crypto can also see a bear market pump.
What do you think?
USOIL - Bearish analysis part 2Not much of an additional analysis here, rather more of an update. Take a look at my previous post to get an idea of the EMA rule I use so that this makes a bit more sense.
As I mentioned in the last post, we fell through the 21EMA (red one) and failed to get back above it, which generally means we're headed to the 55 EMA (yellow one). Well, that pretty much just happened, so now we have to wait and see if it holds. If the price falls through and close beneath the 55, chances are it'll run up and retest it, possibly wicking the 34 or 21 EMAs (orange & red) before getting b**** slapped into downward oblivion. Where is oblivion, I hear you ask? That be the Sasha Grey EMA. Or the 200 EMA if you have more of a thing for numbers. No judgement here.
That being said, we do have support levels that could be cushy enough for a bounce. That is where I'd expect one to happen if it does fall. However, if it doesn't fall, our next target would be the 21 EMA for a candle body close with the 55 EMA possibly receiving a good wicking.
Another fun thing to keep in mind before I end this - the closer the EMAs are together, the harder it is for price action to rise through them. Think of them like brick walls. If the walls are all back to back, they form one thick wall that would need a huge amount of force to break through. If they're spaced apart however, you'd need a much smaller amount of force to break through one by one, making it easier to get through them. When you see them really spaced apart, have a look at your other indicators such as RSI for bullish/bearish divergences and volume. Chances are that when you get the divergence, the spacing of the EMAs could give you a great idea of how big a move there is to come. If the volume significantly tapers off, it's highly likely the move will be explosive.
Hope this was useful - stay safe!
BTC Weekly HUGE Hidden Bull Divergence?Just found this recently.. I'm a believer of zooming out and looking at the weekly I've noticed a few things. Not only that there is a hidden bullish divergence in play, the RSI is a lot LOWER than 2021 May Dump. What are your plays here?? Long but short term?? Or longing in the next few weeks?
Let me know your thoughts!
[Signal] EURJPY: Safe Haven PlayFX:EURJPY
Timeframe: H1
Direction: Short
Technical Confluences for Trade:
- Price action at Resistance of Ascending Channel
- Stochastic Overbought momentum
- Widening of the EMAs
Fundamental Confluences for Trade:
- There is some risk with EUR spiking higher due to the rising inflation situation in Europe but at the same time, global inflation pressure is starting to leave a drag on growth. Risk assets may continue to take a beating and may see some safe haven plays.
- Inflationary pressure is starting to pick up in Japan; may see a change in BOJ's monetary stance (reducing the yield differential between the US and Japan)
Suggested Trade:
Entry @ Area of Interest 139.70 - 140.50
SL: 140.92
TP1: 139.25 (move SL to Entry level once TP1 is achieved)
TP2: 137.85
RR: Approx. 3.30 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.