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Bearishdivergence

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
BTC USDT 4h bearish divergenceHas BTC reached the top and will we see a healthy correction before exploring new heights? I received a lot of calls from friend with the question should I buy more, sell or hold. At this moment nobody knows this answer, which is actual also not through. The big wales will dictate in what direction we will go. What does this technical analysis is telling us: - If we look at the 4h BTC-USDT chart we can clearly see a 4h bearish divergence. - if we look on the monthly BTC-USDT chart we clearly see a double top . - We also see on the weekly chart an overbought sell signal which means that RSI , Stoch RSI , Volume etc.. are in the overbought zone. - The fear and greed index is @ 94 All those indications are an indication that we probably reached the top for the moment. Based on those indications I would say that we could see a healthy correction. This does not mean that you need to sell all your BTC right now. Now, when should we sell some BTC . I will only sell when we see a clear breakdown of the 4h support line and if that line becomes resistance, and if we break down on the wedge in the OB/OS zone indicator. So if we go through this line I will not sell immediately but if we hit that line in the next wave up and we can't break it I would sell some BTC (max 25%). Now if we go down how far can we go. According this technical analysis we could go down for about 35% and find support on some big support line around the 0.786 fib @ 11896 USDT (always look left on the weekly chart) This is also the lowest we could go. I don't believe we will ever see bitcoin going below $10000 Sheers,
by seoco
BTCUSD: A Potential FadeReasons to consider getting out of short risk exposure if the highlighted area fails: Bearish Divergence Break of Structural Gap Overextended state These reasons might trigger some traders to short or sell this pair; however, in terms of probability, the market still favours bullish bias, evidenced by the context to the left. The break of the highlighted bullish structural gap area can serve as a warning for short risk exposure. If that happens and higher timeframes close below that area, that can be considered as a decent indication towards further downside for short risk exposure. Constructive discussions are always welcome, just drop a line in the comments section.
BITSTAMP:BTCUSDShort
by Zoen_Trieste
2
Ascending Triangle fake-out?It appears as though Bitcoin has broken out of an Ascending Triangle to the upside, but was quickly rejected back into the pattern forming support on the upward blue sloping line of the Ascending Triangle. Maybe a fake-out before moving higher, however, at the moment the blue horizontal line of the pattern is acting as resistance instead of turning into support when being back-tested. On the RSI there's a descending triangle pattern that I mentioned in my previous post linked to this chart, the blue downward sloping line of resistance has been very consistent, the only divergence outside of the pattern coincides with the price of BTC breaking out of the ascending triangle. On the KST there's a similar pattern, if we see Bitcoin continue to rise & there's another rejection on the RSI & KST at the blue downward sloping line it could get fugly, time will tell.
COINBASE:BTCUSD
by ScotianBot
EURUSD: More downward movement expectedHello all, Analysis earlier this week proved successful with two solid shorts. To be honest, there's lots of lines, patterns etc but the majority of my decisions rely on divergence, bullish and bearish. I use these to determine when to close a trade and when to enter. I really like using the 4hr chart to enter trades. Using divergence on the 30min or smaller time frames doesn't always prove as powerful or successful. Wait until you confirm divergence on a 4hr candle before entering. Use the daily and weekly to help confirm your view and also determine how long you should stay in the trade. For example: you can find 30min bullish divergence but if there is no indication on the 4 hr, you might expect a quick correction to scalp on but the overall longer term still has more downward movement. In this case you would look for a quick exit. Apply this to all time frames and you'll see how important divergence is.
Short
by infbp22
Warning TIPS ... max sus!The TIPS ETF, is the ETF for Treasury Inflation-Protected Securities (TIPS) has had a good correlation to the market indices as shown here in Orange (S&P500) and Cyan (NASDAQ). However, in the last few weeks, particularly the last week... market indices have been on a massive bull run, with parabola. Today, the icing on the cake was the announcement of a viable vaccine by Pfizer. Note the bearish divergence of the TIPS price in recent weeks. The last three days the divergence got ridiculously large and today is at an extreme. What does this tell us... that either TIPSis going to rally hard, or market indices will fall hard. No prizes for intelligent postulations based on this observations... Caveat emptor!
AMEX:TIP
by Auguraltrader