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Bearish-divergence

ETH/USDT short opportunity !! Bearish divergence appeared The live Ethereum price today is $3.436,29 USD with a 24-hour trading volume of $16.184.015.412 USD, -0,15% in the last 24 hours. After its bullish momentum ETH seems approaching now a significant correction, as the price has already hit the upper level of Keltner channel on 4h timeframe . Historically after such a bullish momentum, price usually starts its rally to the downside, ranging between the trend line and the lower level of Keltner channel. Also indicators are pointing out to a possible decrease, in fact a bearish divergence has been spotted, as shown by the black lines. MACD is looking bearish, below the trendline, RSI is 50, buying volumes are decreasing and RSI divergence is still under 0 . For all these reasons I highly expect the short position to play out. In order to enter the position, wait for the bearish fractal to appear (green triangle). A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart and signals the price could move lower. The entry point corresponds to 0.236 Fibo level and all the targets corresponds to previous resistance, as well as to 0.382, 0.5, 0.618 and 0.786 levels which all have almost perfectly predicted support and resistance zone historically. POSITION: SHORT ENTRY PRICE : > 3.450 $ TARGETS: $ 3.300-3.200 / 2.800 – 2.700 / 2.450 / 2.200 / 1.900-1.800 / STOPLOSS: $ 3.900 ------------------- TRADE AT YOUR OWN RISK NOT FINANCIAL ADVICE
Short
by vf_investment
2
Correction Immanent Bearish Divergence Incoming I believe the market is looking for a correction after a 25 day run. Here are my reasoning. Enjoy! -Bearish Divergence has now been formed on the 6h timeframe -Wolfpack id has been losing momentum and on lower time frames have turned into the red. -Fib Retracement shows the 60% has been reached, although a further move to 80% is likely. I just want to point out that BTC can still run up to 52k , however a correction is necessary for further gains. Add that to the FUD over the Infiltration bill and the SEC regulatory crackdown down. Price prediction: ***$40k within the next 12 days*** These are just my observations on the market not financial advice. Please Leave a comment and let me know your thoughts.
BYBIT:BTCUSD.PShort
by rpmtrades
3
US30 July 27 Megaphone Detailed Analysis I have two megaphone patterns on 4H and 1H. Megaphone pattern is identified as Bulls & Bears in price disagreement. It can be a bullish or bearish pattern. Today I'm defining it as a bearish pattern because of a few reasons. We have bearish divergence on 4H where price is starting to lose momentum for higher highs. There is also a Head & Shoulder pattern into play on 4H. Bringing confluence to perspective. On the right side (1H chart) you can also see bearish divergence forming where the right shoulder is. You could monitor the right shoulder for a perfect entry or you could wait for the break of the 1H Green trendline. Price could drop to the 4H Trend line and reverse up quickly which would respect the daily trendline if it closes above before the day over with. Or price could Break out the megaphone completely and break both trendlines and reach 33000. We know when US30 is ready for a sell/dip it happens fast and does numbers so be prepared for possible compound trade for major profits. Expecting price to reach at least to trendline area 34120 and 34220.
OANDA:US30USDShort
by JasonFosterII
Bitcoin's view 365 days after the third halvingThe cryptocurrency market has gain a tremendous popularity within the past 4 years. Unarguably during the 2017, bitcoin was on all the report news highlights with a solid return of 1318%. Besides, this wouldn't prevent it to have an 84% drawdown that would last more than a year. Just as a simple understanding and in a fundamental view, Bitcoin has a limited supply of 21,000,000 coins with a decreasing rate of mining halved every 4 years. Here are some interesting remarks: - Since the inception in 2009, it takes between 365 and 560 days after every halving for a bear market to begin with a drawdown greater than 50%. - The best moments to buy Bitcoin are within one year before the halving date, which would represent the low of the next era. - After reaching the high of the current halving era, the level will only be broken upside during the next era (in 3years or more), trapping late buyers. - Each era lasts 4 years, which is the timeframe between two halving dates. In a technical analysis view, the RSI indicator and the weekly chart are perfect tools to confirm the remark statement. The RSI has been overbought for quite a long time, has a declining trend and is approaching the 50 level. This week marks the first anniversary since the third halving therefor we might have reached the high of the era at 65,000 USD per coin. In case the market resumes the bull trend, this would be considered as a late entry as there is not enough room left and by the end of this year 2021, we might experience the upcoming bear market. How to buy at discount prices : The end of the bear trend can be spot when we trade around the oversold areas of the RSI or as stated previously, 365 days or less before the next halving. Another way to trade Bitcoin efficiently is averaging down with equal contributions and equal intervals, preferably weekly: By the time we reach back another top, all the unrealized losses would be filled by the gains. Thank you for reading me and don't forget to share your thoughts on the comment section :).
BITSTAMP:BTCUSD
by Theperfectionist
8
BTC Divergence ?? White line: We had such a this movement in past and in same support line and now we are testing the Old same line and also with almost same chandle stick and price actions which to me is something bullish (if we say history will make it again) RSI Divergence: In exact same time we had a Bullish Divergence which moved the market to +45% from the low and it did very good job, as we can see , we had a 25 degree angle on RSI and -18 degree angle on chart , to make it compare to now its almost near to each other with 32 degree angle on RSI and -16 degree angle on the main chart. which it make me think about a good time for have bullish move in short-term By The Way: in last Divergence which i mentioned it on chart and RSI we saw 3 Lower low that for now we've had just 2 LL on chart and RSI. Maybe we're going to move a bit more downward before the upward move begins ALSO, we have a very important support on 50K but if we go lower than that its not a good sign If you do agree with me or disagree its very good to have your opinions on comment sections. LEST TRADE BETTER TOGETHER
BITMEX:XBTUSD.PLong
by Sharifmoghadam
Short HD; you can do it, I can help.A couple of indicators are showing divergence for the past week or so, as HD has melted up choppily. It needs some relief and is being sustained by erstwhile investors scrambling for a safe investment in a volatile bond market when the banks can't be counted on to manage their risk. I'd suspect that this could continue a little bit, but within the next week or so as the market changes again this should take a pounding. Note the marked divergences and the weakness of the indicators after we passed the shaded area. Today might well be the double top we need to leg it down. The way I see it, the weak technical picture hides an interesting scenario; bond yields calm, money flows back into more conditional investments like tech (this will keep happening to a lesser extent everytime yields 'decline' and consolidate) and away from HD. Bond yields increase and the market panics. Bond yields stay the same and people go back to their riskier bets. In all scenarios HD and other builder, stocks decline in the interum. Perhaps they'll pickup before earnings but they need price discovery now.
NYSE:HDShort
by PreferredStonk
18