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Bearishdivergence

ETH BEARISH DIVERGENCE?ETHEREUM along with BITCOIN have both produced huge gains this year with ETH up 93.66% and BTC at 166.35%. For me ETH is at a crossroads and the positives and negatives in my opinion are as follows: POSITIVES: - The market looks strong, consolidation periods are not long in duration, and price has just broken out of a long term range. It looks like crypto interest has returned and with ETF decisions in sight it looks like the sentiment is LONG into this news event. - Fundamentally ETH is in a strong place right now, it recently gained 'deflationary' status too which helps the supply/demand dynamic for the bulls. - ETH tends to follow suit after BTC, so when BTC goes up the profits rotate into ETH when BTC is consolidating and then it catches up. Since BTC is so far ahead in terms of %gain this year I do believe ETH is due it's major rally however I don't think it will come soon, I can see BTC continuing to dominate it for some time until the BTC ETF narrative has passed and the final blow off top at the end of the Bullrun which is some time away, 2 years or so... NEGATIVES: - It looks like we're at resistance on the volume profile after a huge rally with very few pullbacks. - Reliant on BTC to maintain the move forward. If BTC falls off a cliff it will bring ETH down with it. - Major bearish divergence on the 1D timeframe. - Approaching overbought on the weekly time frame. - Euphoric sentiment, both on CT but also in your own feelings. If you've been into crypto for a number of years you would know getting euphoric often leads to returning any gains that were made. - New yearly high for the fear and greed index @ 75. To conclude, I am still macro bullish on ETHEREUM. Over the long run (next 2 years) I have no doubt ETHEREUM will see new highs. However, I do want to be wary of a pullback , not just for ETH but also BTC as altcoins are subject to any changes in BTC which has gone parabolic in recent days. This coupled with the bearish divergence means from a Technical analysis standpoint maybe this is a good time to take profits. From a fundamental analysis standpoint the market is strong and everyone is euphoric. What happens next will be decided by people being bullish team FA or if people are team bearish on TA.
BITSTAMP:ETHUSD
by ProR35
2
BTC / USDT - Bearish Signals at 4H TimeframeBTC / USDT - Bearish Signals at 4H Timeframe Technical Analysis: Double Top Break and Retest: price is showing signs of weakness with a break below the double top neckline followed by a retest, suggesting potential bearish pressure. VWAP Break: The VWAP (Volume Weighted Average Price) has been breached, indicating a shift in market sentiment and potentially favoring the bears. Bearish Divergence: A bearish divergence is observed, adding to the indications of potential downside movement. Weakness Confirmation: If the price fails to hold the critical level at $41,666, it could trigger further downside movement. Target: The initial target is set at the 200 moving average (MA), acting as potential support in a bearish scenario. Risk Management: Consider implementing risk management strategies, including stop-loss orders, to protect against adverse market movements.
Short
by K_M_M
DIA DOW ETF ShortDIA tracking the DOW widely in an ETF format on the two hour chart had a 7% rise in the past month which was widely followed in the investment media. I believe that it was a bull trap. In the past week price action has been sideways while the Stochastic RSI shows bearish divergence as does the zero lag MACD. Tradign Volumes has fallen off since burst of buying volume in mid and late November which pushed the price up 7%. In the past week, relative volatility has fallen off in general and now negative volatility exceeds positive. I believe that this is a top for the time being. A short position will be taken of 10 shares with a stop above the top at 363 The target is 342 just above the POC line, where high liquidity and volatility will return as long positions, would pile back in there and get a bounce or even a squeeze. This would be about a reward of 8 for a risk of 2, which seems reasonable. I will however take a 1/3 partial at 350 where the Fibonacci retracement comes into play. The SDOW ETF would be another way to play this idea.
AMEX:DIAShort
by AwesomeAvani
$USDJPY Short (Short-Term)Technical Analysis Report: USDJPY Trading Opportunity Overview: At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend. Technical Indicators: Further substantiating the bearish sentiment, the MACD remains entrenched in negative territory, underscoring the prevailing bearish momentum. Additionally, insights derived from our proprietary probabilities indicator on w.aritas.io illuminate a notable surge in selling pressure. Trade Setup: The proposed strategy entails a prudent SHORT position initiation, contingent upon the confirmation of a breakdown at 150.690. This entry point is strategically chosen to align with the identified technical weaknesses in the current market structure. Risk Management: To mitigate potential downsides, a meticulous risk management strategy has been devised. The Take Profit (TP) objective is judiciously set at 145.450, offering a favorable risk-reward profile. Simultaneously, a well-calibrated stop-loss order is positioned 0.83% above the Yearly resistance, providing a defined exit strategy. Market Context: Contextualizing the trade within the broader economic landscape, the prevailing conditions suggest an advantageous environment for a resurgent greenback. This perspective is fortified by the observation of a gradual uptrend in the EURUSD, further reinforcing the anticipation of a prolonged USDJPY upswing. Future Outlook: In alignment with our comprehensive analysis, we posit that the current correction is a precursor to an imminent bullish resurgence in USDJPY. Our projections point towards a potential retest of yearly resistance levels in the first quarter of 2024. Conclusion: This meticulously curated analysis seeks to present a comprehensive view of the current USDJPY scenario, substantiating a compelling SHORT position opportunity. However, it is incumbent upon traders to exercise prudence, maintain vigilance, and adapt to evolving market dynamics. As always, thorough risk assessment and adherence to a disciplined trading strategy are paramount. Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. It is advised to consult with financial experts and undertake independent analysis before making trading decisions.
Short
by wikitrades
2
Google: Bearish Deep Crab Dark Cloud Cover Type 2 Return EntryGoogle, after its initial bearish reaction to the PCZ, has returned to the PCZ as the RSI managed to make a 3rd lower high and is set up to give us an impulsive move downwards in the coming days. We also confirmed a textbook Dark Cloud Cover today after the rejection of the ascending trend line. I think we will see extreme downside from Google pretty soon that will undo most, if not all of its 2023 upside price action.
NASDAQ:GOOGLShort
by RizeSenpai
/ES: Bearish Bat Still Targeting $4250 or Lower/ES formed another level of MACD Bearish Divergence near the HOP of this Bearish Bat, and from the $4,400 level of interest after briefly peaking above it. During the PPI release, it has peaked back above it again, but on what seems to be less relative strength, so I overall suspect that it will fail from here and come down to test $4,350, and if that level doesn't hold, then it will likely go all the way down to the lower support range of $4,250, where it will then be in danger of breaking below the trading range entirely, which would take it potentially to or even below $4,000 really fast.
CME_MINI:ES1!Short
by RizeSenpai
EURUSD: Bearish Bat with MACD Bearish DivergenceWe have an Intraday Bearish Bat on the Euro with Bearish PPO Confirmation and MACD Bearish Divergence. Earlier today, the Euro Doubled Bottomed at $1.05 and has since been on the rise, but so far it has only managed to come back up towards the moving averages and move up to complete a Bearish Bat. Now it is showing multiple signs of coming back down, and if it does, I don't think $1.05 will hold but that it will instead break and make its way towards $1.035. I think we will continue this trend until the Euro Is Back Below A Dollar.
Short
by RizeSenpai