Bearishdivergence
Double Bearish Divergence for Bitcoin?Notice how the price of Bitcoin has created higher highs but the KST & RSI are displaying lower lows, despite the deviation on the RSI there's always a rejection back into what is forming into a descending triangle
The pattern could always play out bullishly, only time will tell.
Btc/usdYESSSS... I know I’ve been talking about these bearish divergence’s for last few days, but I still believe it’s in our short term future. I re-evaluated what I was seeing on a smaller time frame (4 hour) and I think this is the most logical BTD scenario. With BTC this thing could continue up to $30K easy though so I wouldn’t recommend shorting. I would Just look to add more spot near these levels. Good luck ya’ll!
To $617 - Short after earnings (Weekly chart)BLK has moved nicely in the FIB channel since 2008. It is now over-extended and filling in the triangle on the weekly chart.
I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan.
Side note: A Bearish divergence is forming on daily chart view as well.
Price target: $617-653 (by March 2021)
S&P500 has been bearish divergent for a monthIn the last one month, the ES1! (S&P500 futures) have been obviously divergent and continues to be so.
We have seen this before in recent times, particularly before COVID-19 struck the markets.
Although divergent, the market does what the market wants, and this can hold out for a very long time. It just leaves us with a warning that at some point, a trigger could, and would, set the ball rolling down into an avalanche.
With the seasonally thin trading volumes this week or so, perhaps expect the first week of 2021 to see some proper resolution of this bearish divergence.
CADCHF Short Term Sell Idea Inside A Bearish ChannelH4 - Price has bounced from the top of a bearish channel. Bearish divergence.
Price still has room lower towards the bottom of this channel.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to continue lower further in the short term.
BTC is going to retraceWe have had a great bull run from the last bullish divergence around 19650 (blue arrows). Now we have a lot of confirmed bearish divergences (violet arrows) as well as descending volume. Therefore I closed my long since 23600 and expect a retrace to 0.382 fibonacci level around 20K which is also the last ATH.
I'm also watching some alts right now, BTC dumping would be a sign for a up coming alt season.
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Btc/usd bearish short termAs I mentioned before, there is a huge bearish divergence forming on the 4H and we are overdue for a pullback.. This thing may have some more upside (up to 25K or so), but eventually the pull back will happen. Basing this off of our last pull back, I’d expect something like this to happen. Maybe a more extreme second bounce where we can form a bullish divergence. Either way, every dip is a buying opportunity right now. So take advantage of it! I’m currently taking it easy on trades until this happens. Good luck y’all!
Btc bearish divergence Unpopular opinion of the day. Bitcoin is forming (unconfirmed) a pretty monster bear div on the 4 hour. Wouldn’t be surprised to see a drop back to previous support near high 19s low 20s... in my opinion a drop there followed by accumulation would lead to a nice alt pop. Good luck y’all!
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!