Bearishdivergence
Bearish Divergence played wellSNGP Analysis
Closed at 117.34 (29-05-2025)
Bearish Divergence played well & dragged the
price from 129 -130 towards 113.
Now, Seems like HL has been printed around 113 - 114.
If this level is broken, we may witness further downside
towards 102 - 107
Immediate Resistance is around 123 - 125 & then
around 130 - 132
$BTC Bearish Divergence Confirmed | Correction ImminentBitcoin has formed a clear bearish divergence on the daily timeframe, accompanied by declining volume, an inverted hammer candlestick at resistance, and a MACD crossover to the downside. Price has also retested the upper trendline but failed to break higher.
Key levels to watch:
First support: $96,000
If broken, further downside to $80,000
Ultimate support around $60,000 if market sentiment weakens further
Also, be cautious as today's Moody's downgrade of U.S. credit may increase market volatility.
This presents a solid short opportunity if BTC fails to reclaim key resistance levels.
Beautiful candle but Bearish Divergence is also there..
Beautiful candle formed on Weekly basis.
But Bearish Divergence is also appearing
& a very strong resistance is around 111.
Crossing & Sustaining this level will expose
125+
Remember, if 104 - 105 is not sustained, the channel
bottom is around 80 - 82
Bearish Divergence appeared.Bearish divergence appeared on Daily as well as
Weekly TF.
Strong resistance is there around 127 - 129.
Once this level is Crossed, we have open ways
towards 145 - 147
On the flip side, we have a good support around
120-122. However, breaking 116 this time will bring
more selling pressure towards 113 initially.
Seems like Bearish Divergence is somewhat Sync now.
Closed just above Weekly Trendline Support
(i.e. above 115000)
as mentioned during last week.
However, the Daily Candle Closed below the
Trendline Support; that means 116000 is the
Immediate Resistance that needs to Cross &
Sustain.
In case of Selling, we may witness 112800 - 112900
as Important Support.
No Bearish Divergence on Monthly Tf.No Bearish Divergence on Monthly Tf.
But 39-40 is a Very Strong Resistance
that needs to Cross & Sustain with Good Volumes to
reach 45 - 46 & then 50+
We should not ignore that it has taken Support
from a Very Important Fib level around 32.40
Monthly Closing above 33.60 would be a Very Healthy sign.
So any dip towards 32.50 - 33.50 can be a Buying Opportunity.
However, it should not break 31.80 otherwise we
may witness further Selling Pressure towards 28.50 - 28.70
Bitcoin Double Top Signals Caution: Key Support Zones to WatchCRYPTOCAP:BTC previously formed a strong double bottom around the $74,500 level, which led to a bullish rally pushing the price up to a saturation zone near $86,000. However, current price action suggests a double top formation — a classic bearish reversal pattern. This aligns with RSI trendline rejection and signs of bearish divergence, reinforcing the bearish sentiment.
The key question: Is this a correction or the start of a deeper dump?
If BTC holds above $79,000, it may just be a healthy correction.
A breakdown below $79,000 brings the next support near $76,000 into focus.
If that fails, Bitcoin could revisit the $69,000 zone, which aligns with earlier consolidation.
Traders should monitor RSI closely and watch for reaction at the support zones. Opportunities exist for both short-term scalps and long-term positions near key levels.
SPY | Things Could Get Ugly | ShortSPDR S&P 500 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
Cup & Handle Formation in process but..Cup & Handle Formation in process but Yes, there is a Bearish Divergence
on Weekly Tf.
Resisted exactly from the mentioned level around 116-117.
Could not Sustain this level.
Now Weekly Closing above 104 - 105 is important.
Next Support lies around 96 - 97
If 118 is Crossed & Sustained, we may Target around 145 - 146.
Bearish Divergence on Weekly TF but..Bearish Divergence on Weekly TF.
However, Breakout on Daily TF from 452 - 453.
Weekly Closing above this level would
be a positive sign.
Upside Targets can be around 495 - 500
& if this level is Sustained, with Good
Volumes , we may witness 540 - 550.
Should not break 400, otherwise, we may see
heavy Selling pressure.
No Bearish Divergence Yet!Bullish on Monthly TF.
Though HL Confirmed on Bigger TF but Important
to Cross & Sustain 730 & if this level is Crossed with
Good Volumes, we may witness 770 - 775 initially.
On the flip side, 640 - 645 may act as Immediate
Support.
It should not break 608, otherwise we may witness
more Selling Pressure towards 550 - 570.
Btc pullback is waiting around 89k🚨 Bitcoin Alert: CRYPTOCAP:BTC back above $87,000! 🚀
Key zone ahead: FWB:88K –$90K This level is make-or-break.
Here’s what to watch:
✅ A strong breakout above $90K could spark the next leg up
🩸 Bearish divergence will also form which is dangerous that can trigger correction.
❌ Rejection at this zone might trigger a correction $79k
#BTC #Bitcoin #Crypto
Bullish on Monthly TF but..Bullish on Monthly TF.
No Bearish Divergence on Monthly Tf.
But 40 - 40.20 is a Very Strong Resistance
that needs to Cross & Sustain with Good Volumes to
reach 45 - 46 & then 50+
We should not ignore that it has taken Support
from a Very Important Fib level around 32.40
Monthly Closing above 33.60 would be a Very Healthy sign.
So any dip towards 36.50 - 37.50 & then 34.50 - 35.50
can be a Buying Opportunity.
However, it should not break 31.80 otherwise we
may witness further Selling Pressure towards 28.50 - 28.70