EURUSD Short Term Sell IdeaD1 - We had a bearish divergence, then the price moved lower and broke below the last low thus forming a bearish convergence.
In addition to this the price has also broken below the uptrend line, we may consider these as evidences of bearish pressure.
H4 - Bearish trend structure (3 lower highs, lower lows pattern), we may now look for pullbacks towards the sell zone marked in the chart. We may then look for bearish setups with bearish evidences around this sell zone (candle stick patterns, false break, trend line breakout, etc...) in order to start looking for the sells.
Invalidation - If the price moves higher and breaks above the 61.8% fibonacci retracement level in one straight move then this sell setup will be invalidated.
Bearishdivergence
Litecoin Short Term Bearish and Long Term BullishD1 - Price has reached an important resistance zone, bearish divergence
H4 - Price is holding inside an important resistance zone formed by the big and small waves we have.
The H4 resistance zone coincides with the daily resistance zone thus making this area a very strong technical resistance level.
We also have a potential bearish divergence, I am waiting for this potential H4 bearish divergence to complete first, we may then consider it as an evidence of bearish pressure.
My short term view is bearish and the long term view is bullish here.
Apple Inc - APPLE Possible short term trend reversal Divergence says trend should reverse at least for a short time, but trend is also accompanied by a strong support levels. It's too risky at this time for both short or long entries. Wait until it drops to the mentioned Fibonacci levels and decide whether it will reverse or continue.
Discussion on Regular & Hidden Bullish and Bearish DivergencesHi everyone. Just wanted to provide some more information and to offer some clarity on the type of divergence pattern that has formed and is potentially still forming.
There are actually 4 types of divergences and here is typically what we look out for:
Regular Divergences
1) Bullish Divergence - Lower Low in Price + Higher Low in RSI
- This usually occurs when the asset price movement has been on a downtrend and usually is a signal that the bears are exhausted and a potential bottoming and reversal is taking place. (This actually did happen when BTC price was at its bottom of 6400+ - check chart)
2) Bearish Divergence - Higher High in Price + Lower High in RSI
- This usually occurs when the asset price movement has been on an uptrend and usually is a signal that the bulls are exhausted and a potential top and reversal is taking place. (This actually did happen when BTC was at its 14K peak - on the way down to 6400+ this bearish divergence played out a few times). This is also what is happening in this chart and the bears are making a good case of it.
Hidden Divergences
3) Hidden Bullish Divergence - Higher Low in Price + Lower Low in RSI
This usually occurs during an uptrend price retracement or correction. It indicates that the bulls still have strength and the uptrend will continue. Best time to buy those dips! (This actally did happen when BTC was trending upwards and when the corrections were taking place along the way up to 14K from 3K+ (previous bottom). This is also what I see on this BTCUSD chart. BTCUSD bottomed at 6400+ and has been uptrending ever since with corrections. As a bull, I believe this is another minor retracement or correction after touching 9500+ and a possibly a good chance to buy the dips.
4) Hidden Bullish Divergence - Lower High in Price + Higher High in RSI
This usually occurs during a downtrend price retracement or correction. It indicates that the bears are not done yet and there is more downtrend continuation to occur and bears can probably load up or enter a short trades at possible resistance areas.
So in this case bears make their case that a bearish divergance has formed and a potential reversal is taking place and longer term downtrend is to follow. The bulls make a case that this is a correction or retracement from the uptrend from 6400+ and breakout of the downward channel from Jun 2019 that showed BTCUSD has indeed bottomed and a longer-term uptrend is taking place.
I am pretty new at this and just want to share this interesting position I found myself in. Refer to the chart below for the comments from the bears and their point of view.
Here is a website I found that explains this in more detail: www.altcointrading.net
Dax Short Term Sell IdeaW1 - Price reached a resistance zone formed by the 61.8% and 100% fibonacci expansion levels of the big and small wave we have. bearish divergence.
D1 - While measuring the two waves we have on the daily chart the fibonacci expansion levels 61.8% of the second wave and the 161.8% of the first wave coincides with the weekly resistance zone which makes this area a very important resistance level. Bearish divergence.
H4 - Bearish divergence, if the price breaks below the last low at 13428.5 we may then look for pullbacks and then sells with more bearish evidences.
SHORT - ETC - Trading OpportunityMultiple bearish divergences have been forming for a while now on various time frames on FTX:ETCPERP .
Entry: 11.5
Target 1: 10.83
Target 2: 10.379
SL: 11.81
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
ASX - Bearish Divergence - SELLGood morning traders,
The ASX has reached a key level failing to break above the inclining channel.
There is currently a bearish divergence on the RSI followed by an inclining wedge formation.
With global indices looking very fragile at the moment due to the Coronavirus, Impeachment and earnings season in the US, the ASX could follow suit.
Any comments are welcome!
Short KLAC - KLA Corporation - Bearish DivergenceKLA Corporation KLAC.
On the weekly we see strength is lessening and we even see a possible missing right shoulder divergence on the weekly,
so this could be a longer term trade as well.
KLAC Weekly:
This particular trade now focuses on the daily and 4H charts.
The weekly is just shown that is shows the lack of strength, and a declining RSI as well.
Impulse is yellow.
On the daily a bearish divergence is seen, a bit depending on the opening on monday.
Impulse is yellow.
Looking at the 4H chars, we already do have a divergence, and on the daily it will therefore be likely it becomes a nice bearish divergence as well.
on the 4H chart we can see the bearish divergence is already happening and perhaps we are a bit late to the party. Let’s see how the market opens. Impulse is already red here.
The idea is:
Entry: 179.40 / or better
Stoploss: 185.25
Target zone 169-165
R/R Ratio: 1:1,8 to 1:2,5
Is TNY trading in a Bull Flag?Since my previous two post about TNY trading in a bullish flag pattern & a ascending triangle; which both broke out to the upside, it appears as though Tinley is trading in another Bull Flag that may bring us over the 200 Day MA, and there's also a series of micro higher lows.
Only time will tell, but notice on the rsi TNY appears to have a bearish divergence?
Divergence can occur between the price of an asset and almost any technical or fundamental indicator or data. Though, divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator.
Positive divergence signals price could start moving higher soon. It occurs when the price is moving lower but a technical indicator is moving higher or showing bullish signals.
Negative divergence points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals.
Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring.
Divergence is not present for all major price reversals, it is only present on some.
BTC UpdateLooks like we hit a high of about 9190 then the bearish divergence did its dirty work. Because of the additional price gain, I reajusted the FIBS. Also, the 50% retrace may be more likely now; there seems to be a decent amount of support in that region. Trade safe and remember, we are STILL i na downtrend! Betting against the trend is risky buisness.
BTCUSD - Short on 4hrThis would be a short term trade, as we're trading against the trend.
Key takeaways:
Price topping out around 200 day MA
Lower volume levels on the bullish price action
It looks like a bearish divergence on just about every indicator that I use regularly.
-MACD
-Stochastic
-StochasticRSI
-RSI/SmoothedRSI
I would look for a test of our old channel resistance or 50 period 4 hr MA to take profits. It's a difficult time to trade against the bullish sentiment and price action but in order to break these divergences Bitcoin will have to pump HARD and probably break the 200 day MA. If I were trading this with margin I would definitely keep TIGHT stops, if it does go the other way could easily hit 10k.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
GBPAUD Short Term Sell IdeaD1 - Special or triple cycle completed, currently it looks like a retrace is happening in the form of two waves down,
Price still has room lower towards the 38.2% - 50% fibonacci retracement zone.
Bearish divergence followed by lower lower and then we had a pullback with bearish hidden divergence.
H1 - Bearish hidden divergence followed by bearish continuing divergence. We may now start looking for short term sells with more bearish evidences.
CADJPY Long Term Buys and Short Term SellsD1 - Currently it looks like the bullish trending pattern has completed itself, bearish divergence on MACD.
We may now look for pullbacks and then buys on the long term.
H4 - Bearish divergence on the MACD.
H1 - Bearish convergence, we may now look for pullbacks and then short term sells with more bearish evidences.
SHORT - ETC - Trading OpportunityBearish divergence formed on FTX:ETCPERP after it couldn't break this strong resistance twice. Expecting a momentary retrace.
Entry: 5.08
Target 1: 4.8585
Target 2: 4.712
SL: 5.237
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
CHD - Bearish Move Looking To ContinueChurch & Dwight has been in a descending channel since early September immediately following a bearish divergence signal. The slow stochastic is showing that the stock may be getting ready to roll over again at the bearish resistance line of the channel.
The last time this stock began to pull back with the RSI & Stochastics at this level, the stock did not pull back enough to become oversold. It is possible the stock will not fall down to the support line so always be ready for a shallow move. The channel is the play until it no longer holds one way or the other.