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Bearishdivergence

BTC bearish divergence ?Hi, I'm just starting to understand technical analysis so note that I'm just an enthusiast. What do you think about this bearish divergence? (pink lines) Price makes higer highs while the oscilator (macd) shows volume going down. I interpret this as an bearish divergence. (let me know if I'm wrong please) I know evryone wants to go to the moon but I think it might be better for the rest of the bullrun if we saw a solid retracement. I think the move up or down would happen 13 or 14 nov. Cheers!
Short
by ShadowJunglist
KEY - Head and Shoulders Potential Move -ve 38% I own this stock, and I'd prefer not to sell, I have to accept that price can move on technicals if there is a catalyst. Could be some tax-loss harvesting, vaccine troubles, insert reason here. RSI showing bearish divergence. Would prefer that the neckline is tested in the next month or so, at 20, which presents a good buy price to add, of course with the yield climbing as the stock goes down and if it goes down, anywhere between 18-22 is a sweet spot for my account as long as price does not collapse and the fundamentals remain decent. If the neckline fails to protect this stock can go all the way down to 15 and change which would represent a measured move to complete the head and shoulders pattern, and something bad happening (excuse). Also earnings report in February can potentially cause some volatility here. I will have to look at other midstream companies to determine if this is an outside case for the industry. If it is systemic, then I might be seeing something similar with other names, ENB and PPL. Oil and Gas have done quite well in the last month and a half, so if the trend continues this will only be a pattern that does not manifest most likely.
TSX:KEY
by JJMa
6
PPL Cup and Handle - of use for aggressive traders perhapsMidstream linked Analysis KEY, PPL, to a lesser degree ENB Tracking some minor bearish divergence on the 4hr RSI, this is a supplemental analysis with regards to a study for KEY > trying to see if there is an overall pattern for the industry as a whole. I am not interested in looking for a sell on either of these, but I must report what I see. Thus far, both stocks have performed incredibly well over the course of the last four weeks, coinciding with a post election (US Presidential 2020) boom. The only commonality other than steady buying since Mid-November of 2020 is RSI bearish divergence on the 4 hour chart seen at this time on both stocks. Bearish divergence by itself does not guarantee lower prices in the near term, but it is a possibility. Perhaps this can point to caution for new investors looking to start a position on either of these two companies at this time, where a waiting period might provide better entries. This can also help investors looking to add to existing positions with significant upside still available over the course of the next few months for both stocks. Both stocks provide an attractive yield even at these levels for buy and hold strategies however. Current resistance on PPL is 34.80 where I would expect for at least token distribution to occur at supply levels. Next week will be key as this would be the last week of decent volume for the year of 2020. For the record, I own both companies at lower levels, and I am looking to deploy some spare cash for lack of other significant opportunities at this time as I can always use additional dividend income. Next analysis will be fundamental for both; I will post anything of interest on either company.
TSX:PPLLong
by JJMa
Bearish Divergence for Bitcoin?In one of my previous charts, I was hinting at the potential of an Ascending Triangle forming, once again the green upward sloping support of the pattern has acted as support several times, and on the contrary, the horizontal resistance has rejected the bulls multiple times. Notice on the RSI the blue downward sloping resistance has caused lower highs to form, meanwhile, the price of Bitcoin is trending sideways and downward, we could see another re-test of the green upward sloping support before a breakout to the upside. On the KST there is a noticeable bullish cross. The DPO is in an area where BTC has seen rejection numerous times over the previous several months, the red line has basically called micro tops fairly accurately, however, the sell-offs are moderately short-lived.
COINBASE:BTCUSD
by ScotianBot
S&P500 tracking a trend of bearish divergence on the RSICan't justify a crash without a catalyst, but perhaps we get some additional deals for Chanukah and Christmas, or perhaps it's profit taking under the pretense of those January credit card bills will be pretty steep. Not short, just looking to put more capital at a better price, as always. Possible catalysts for more downside pressure - more government harassment of the "little darlings" of big tech, and the stimulus story. Possible even if stimulus is past, it might be a sell the news play. On the other hand, we are near the bottom of a broadening wedge pattern near 3640-50ish, which is typically bullish in the short term should price hold in this pattern to the end of the week. Should markets run back above 3700, target of 3800 for end of year is very possible. I've heard and read several analyst numbers as high as 4K on the S&P500 EOY. Truth is, no one has a crystal ball. So I buy with the understanding that the market exists to make fools out of everyone, but I buy with a long time horizon in mind.
SP:SPX
by JJMa
S&P at Yearly Resistance; Out of the Monthly BB With screaming bearish divergence I've zoomed into the 3d chart to help get the best picture of the divergence and price action, balancing the pros and cons of using either the 1D or 1W charts. The price action is clearly out of the green monthly bollinger band and a chart lower down in the post will show how much SPX doesn't like that condition. The purple line is the resistance for megaphone that a lot of people have been watching since the price action bottomed late March. The megaphone should tighten either into a diamond or some other pattern but lots of people have been blown out shorting or FOMOing in due to all the gains they see. The MACD is showing bearish divergence on the MACD proper, but also the histogram. Not a great place to be The RSI is also showing a lot of bearish divergence with the arrow shaft being used to show a clear resistance line on the RSI. Target Setting The chart below is a little cleaner to see the big picture so lets take gander. The most common reaction to the price being out of the monthly bollinger band is a return of price action to the weekly baseline. That is only some 6-7% away at this point which would be a very minor drop. I would expect the RSI would be bouncing in the shaded area I added which is between 49-53. I don't think we will see that. A more realistic move would be to either the lower limit of the weely bollinger band or the baseline of the monthy bollinger band, which are roughly at the same place (just like they were in the March dump. A long term chart shows how the price action acts when it has popped out of the monthly bollinger band. This isn't crypto, we don't start a parabolic bull market when the price action finnal forces its way out of the monthly bollinger band. With SPX at this long term resistance and in a position where it cold lose a lot of its value I am getting risk averse.
SP:SPXShort
by This_Guhy
3
BTC Daily: Bearish divergence - Ichimoku - Rising wedgeBTC Daily Let's keep the chart and analysis as simple as possible. The daily shows a bearish divergence between RSI and price. It could mean that bears are ready to take control again. The rising wedge also signals a reversal pattern to the downside. So where does it go from here? As a first target we could see a retest of the Kijun line on the daily. Further analysis including moving averages and fibonacci levels can be done separately for further indications on price targets. (Coming soon) Trade safe.
Short
by Elpidaldo
$BTC upcoming correction? Bearish Divergence on daily timeframe.Hello there ladies and gentlemen, BulloTaurus here with fressh Bitcoin analysis for today . If you look at Bitcoin's monthly timeframe across top exchanges, you can see that #BTC had the highest monthly close since December 2017. “History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain. I like to refer to Mark Twain's words, but if you look now, again in December, but for this time after 3 years, in 2020, we are on the same 20.000 resistance level trying to break from the rising wedge and hopefully close this monthly timeframe with a new ATH with a round number. Last week we closed with a Bearish Spinning Top candlestick pattern. Another confirmation of possible bearish action is the bearish divergence that you can see on the chart above. I would avoid trading before a full trend confirmation of maybe after a potential upcoming correction. Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
COINBASE:BTCUSD
by BulloTaurus
VET Bearish divergenceVechain forming a bearish divergence on the daily channel with the MACD. It has broken the downtrend, however you could draw this trendline in a different way (connecting it to the most recent high), which would invalidate a break of the downtrend. Entry: around 62 sats SL: 56 sats Target: 95 sats Where do you see Vechain going? ------------------------------------------------------------------------------------------ Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot!
Long
by Coinathlon
2