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Bullish-divergence

SAND looks interesting hereSAND is currently holding on to it's bull trend against BTC. We're currently testing support at the 50 EMA and we just had bullish divergence on the 4-hour chart. This makes me moderately confident that the bullishness will continue, at least in the short run. Will it have enough momentum to break resistance? I think there's a decent chance. This isn't my ideal entry, but I'm considering a small long here. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
Long
by mercury_rising
Why I'm BULLISH on BITCOIN. psssst its hidden divergences In this chart we use the RSI on Daily TF to review bullish divergences in the BITCOIN price action compared to RSI readings. starting with the Summer 2021 Bear market. you can see we had a high volatility drop in price which in turn sent the daily RSI to a rather oversold reading. as the days went on from that initial price drop we trended lower however the RSI continued to grind its way higher eventually making a HIGHER low while the price of Bitcoin grinded to a LOWER low. this type of divergence is referred to as a "Bullish Divergence" looking at the yellow box I labeled "neutral zone" you can see the bottom of the box was support for the price of bitcoin at the same time the RSI reading was supported by the bear market RSI low. since then BITCOIN price had gone up and now coming back to down to retest the "neutral zone" bottom making a HIGHER low on the BITCOIN price while making a LOWER low on the RSI reading. this type of divergence is referred to as a "Hidden Bullish Divergence" this "Hidden Bullish Divergence" is my thesis on if we have bottomed on BITCOIN and will begin to trend higher. what do you think? follow me at @brooklynboy436 (ELM Trading NYC)
COINBASE:BTCUSDLong
by ELM_Trading_NYC
It could be the last chance for BTC 🦬Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTCUSDT- Daily Time Frame - Candlesticks 📌 Bull Flag - Fractal - Support Resistance zone 📍So, BTC is playing around the 45k - 48k price zones lately and decisions are really hard to make at the moment. Therefore most of the traders have no clue in which direction price may go further. 📍I can see a possible bull flag here like the one we have seen at September this year. 📍 This bull flag is also combined with a three drive pattern which also can be seen here in the chart. Both scenarios are bullish for mid-long term 📍 There is also a bullish divergence in daily time frame in RSI which can make the price grow BUT 📍 There are a couple of new scary bearish signs in sight, like: 1- HUGE monthly bearish divergence 2- Double Top in monthly time frame 3- Double Top in weekly time frame 4- Double Top in daily time frame 5- Close of the RSI below 50 level in weekly time frame 6- Daily ichimoku cloud 7- POSSIBLE Death cross in daily EMAs 8- Close of daily candles under the 200 EMA 👉🏼 Here is the RSI bearish divergence along with double top pattern which is really scary, and the scariest bearish sign that can reverse the price 📝 In conclusion, 40k-44k price zones is very important; once they are broken we have to worry for long and mid-term price reversal 📝 The next very important price zone is the 29k-32k; we can expect a very long wick to those levels once the 40k level is lost 👉🏼 Here is my bullish flag TA in 27. September which did not get enough attention and everyone was worried about the price reversal :) 📝 As a matter of fact this time I'm less bullish with all those bearish signs! THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION GOOD LUCK NP TRADER
Long
by C_EWAVE13
4
BTC - Strong Bullish DivergenceAnalysis BTC currently created a Strong Reversal Bullish Divergence on the 4H and 1H chart. Nothing much to explain on this part of the chart. Bullish Divergence, specially strong ones are a clear hint of market reversal. This can mean that the last 2 days it has been a massive Bear Trap, and we would want to wait for a Hammer Candle as an indicator of that. It can also mean nothing, and BTC is still going to $43000, like I Published before. In the end, we don't know sh*t about f*ck. Personal Thoughts BB shows oversold. RSI shows oversold. Stoch RSI shows oversold. EMA shows oversold. Volume seems to be adjusting. I am waiting a couple of hours to confirm this reversal, then take action on it. I know that BTC can still be a drama queen and drop some more before screaming Happy New Year.
Long
by Venatore
3
Short Term #Bitcoin TheoryBitcoin is looking BULLISH. - #BITCOIN is showing quad bullish divergence on 1HR - Fed news could've had an affect but Bitcoin has been oversold for days now - Bitcoin needs to break through $50K resistance and then retest one last time before revisiting ATHs - Seller exhaustion looks to have peaked as well Overall, Bitcoin charts are boring right now. Not much going on. Bitcoin is still in consolidation and I expect it to be for the rest of December. Which is why I forecast #BTC visiting resistance at $50K region and then falling to $46K (max pain) region to get one last retest before going back to the $60K region we all know and love. Bitcoin is still #BULLISH and on-chain metrics look better everyday. Continue to hold. Buy the dip. And DO NOT SELL YOUR COINS AT A DISCOUNT. NFA. This is not financial advice whatsoever. Best,
BITSTAMP:BTCUSD
by TheJonesPortfolio-100T
GBPJPY Bullish Possibility GBPJPY bearish movement seems unable to penetrate the strong support. GBPJPY made a base around strong support which indicates the price had big chance turning into a bullish move. A bullish negative divergence is also seen on the Stochastic Indicator. I predict the price will reach the area of ​​151,570 - 152,217. Because there is a small resistance and the golden ratio of the Fibonacci clusters gathered together in the area of ​​the price range.
Long
by ivanderyoshua
BEST - MACD bullish divergence and channel breakout!Hi Guys, BEST broke an almost 2-years down trend channel (started on January 21st 2020) on September 2021, with huge weekly volumes. The price target for this technical pattern is 3$, which is also the 0.382 Fibo level of the downtrend leg which started also in Jan 2020. In addition to this, MACD on the weekly chart is showing a huge bullish divergence which makes pretty realistic an inversion in the upcoming weeks. Please also note that the price action is now consolidating in a symmetric triangle and forming a right shoulder. Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NYSE:BESTLong
by FrancescoMerlettini
DOGE MASSIVE BULLISH DIVERGENCEDOGE is in the process of confirming a major weekly bullish divergence. 1. Price double bottom confirmation - this forms an uptrend 2. MACD downtrend - further supported with MACD histogram creating higher low as indicated by green lines 3. PFE downtrend - very sharp contrast Price uptrend combined with multiple oscillator downtrends is classical hidden bullish divergence. 4. Decreased consolidating volume - liquidity is low and spread on exchanges are thin (necessary set-up for volatile price action) 5. Price confirms 50 EMA twice - simultaneously having crossed MACD and massive oscillator downtrend and not breaking below 50EMA indicates very strong support on price upside.
BITTREX:DOGEUSDLong
by uncleFA7HER
1
ADAUSD Showing Bullish Divergence Important things to note: BTC broke out, showing bullish continuation. Extremely Strong BTC buy signal found 2 days ago. ADA will make a run for resistance soon. It will test 200MA on 1H first. Strong bullish divergence from RSI . I believe the correction is ending. Altcoins will lag behind a bit but will still move with market, just a bit slower at first, speeding up the further we get down the road. Set alert for main trendline, a break from here would result in a drop to 2.2. I passed!! Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) So when I came back from my test I decided to take a well deserved nap. Turned out I slept for around 3 hours which is kind of crazy if you know me. Only to be woken up by an earthquake lol. I live on the top floor (5th) so I popped right out of bed. LOL I thought it was pretty funny. Anyways, BTC is showing strong bullish energy, in fact, I would say the pullback is coming to an end. All I see if flagging and continuation. Not to mention, I got an extremely strong buy signal a couple of days ago that rarely shows up. I looked into some on chain metrics along with other data and have concluded that this next BTC run will likely be bigger than the 100k target people originally thought. Now, if we take a look at the chart, I see a head and shoulders pattern, but I do not see a clear neckline (maybe I am missing it). However, what I do see is bullish divergence on the RSI . I believe this will likely be the run of resistance we are looking for. ADA will first test the 200MA on the 1hr. If things take a turn for the worst, set an alarm for the main trendline, a break from here would signal a drop to 2.0. Right now, I do not see that being a likely scenario. Things look overall bullish in the short term. ADA just looks like it is consolidation like I said in my last post. Overall, I believe altcoins will lag behind a bit from the BTC push. This is normal. However, they will pick up speed as the trend continues and far surpass BTC . I have only had a small amount of time to look at things, but I will be updating and putting out more posts now. Thanks again everyone for your patience while I study. I should also mention I am going to be on vacation until Wednesday, but I will bring my laptop with me and continue to post. I will keep my eye on ADA and update you all accordingly. Thanks again everyone!! Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
21
3H - Possible wave 3 Setup, ready to move?Good morning traders and happy weekend! I hope you are all doing well and have a great weekend! I didn't catch C98's first pump. I waited to see what it was going to do after. Last night I threw on some fib measurements when I assumed the first wave was done. Looks like wave 2 closed about the .618 fib and we've started to move up. White lines indicate we are seeing a bullish trend continuation. Lets hope it stays that way! There's not much above that would prevent upward movement!(IMO) Lots of volume going through this new token right now! Price movement is fast. Be sure to take that into account if you use stop loss. The solid yellow lines are apart of the VP-Period Indicator and they indicate strong points of resistance based on the volume. Currently battling it out over the $1.5 resistance and then we'll need to make it above the $1.6 for the next big push. NFA & DYOR
Long
by Erialos
NEXO - potential reversal, back to bullish price actions?Dear Nexonians After i watched the NEXO Chart for a while now i wanted to share my thoughts with you, because there are multiple signs of a HUGE reversal coming in the near future, if that happens i dont want you to miss that. First of all we have to consider that BTC will lead most of the movements in the market right now, so BTC also needs a bullish continuation for NEXO to play out like that. We also have to consider that NEXO's perfomance itself just like announcments, FUD or technical problems could have a bullish as well as bearish impact on the chart. Now that we all consider these things i want to start with the explanation of my TA. At the moment there are multiple bullish signs that speaks for a BIG reversal. The first thing i want to mention is the tripple bottom (red curves), as you see its similar to the most charts atm, also BTC had a similar triple bottom which already played out, so it looks like that this triple bottom had more weight than we thought and it seems like NEXO is lagging behind so i think this could be a important factor for the potential reversal. The second important factor of this potential reversal would be the clear "W" pattern also known as "cameltoe" which is forming right now, if we break out of this pattern it could lead us to a even faster rise with big momentum, so the breakout would mean even more fuel for the way up. If that pattern doesn't play out like that, it wouldn't be a bearish sign it could just mean that we are seeing more sideways action in this channel before breaking out somehow. In addition to these two factors, there is a bullish divergence which is also a strong bullish sign and with the other two factors it could lead us through this breakout because the resistance(C), where we at right now, seems kinda strong. So we need the momentum from the "W" pattern and/or triple bottom in addition with the potential upside correction from the bullish divergence to breakout and going to higher price levels or even to a new ATH. If we breakout of this resistance C, i think the next battle would be between the D1 and D2 resistance because there is a strong demand and supply zone, so we will either going sideways between them or we going back to the resistance C to retest the breakout or to hold the line. In my opinion we will only drop more if BTC does hard, in that case i think we will not drop more than the support A, anyways as long as BTC will move sideways or up i think we are in a very good position to get this BIG reversal. We also have to keep watching what NEXO itself does because a lot of the BIG movements in the past were around an announcement or a new feature. STAY TUNED AND BE CAREFULL! I would love to hear your opinion on all this in the comments. See you there ;)
Long
by monotrix_
2
FISV, Plenty of Bullish signs in two time frames!FISV is able to make a new All Time High? lets follow and see. FISV is showing a bunch of bullish signs in weekly and daily time frames. On the right side of the chart we have weekly time frame: As it shown on the chart price reacted well to a strong support formed by 0.382 retracement of the rally from 73.5 to 127.34 and 0.786 retracement of the rally from 100.36 to 127.34. In addition, stochastic indicator has already made a bullish reversal in oversold zone. A possible divergence at base is also shown on the chart which can be a strong signal. All these signals on weekly chart suggest that 106.36 low may remain the last low for several weeks. Now lets see what we have in daily chart in left side : First of all, currently we have trades above short term down trend line. Next, price just took out last minor high which is 109.48. Moreover, stochastic indicator is bullish and has made a divergence at base. All these signals suggest that FISV is in a good position to go long. However please note that in despite of all these beautiful bullish signs stock may follow a completely different path. That is the nature of the market. Therefore I strongly recommend you to set your stop loss to 106.36 if you decide to open the position. It is worth to note that Reward to Risk ratio is extremely high. Wish you all huge profits my friends.
FLong
by SaeedSajedi
This looks quite familiar!!!Good day ladies and gents! The chart above is a perfect example of a bullish divergence going into play and a confirmation of a tend reversal. We could argue to say that BTC bull market kicked off in 2019..not 2020...but that a be a whole topic itself lol. I like stated in my previous ideas...bitcoin is trading inside a symmetrical triangle which is set for a breakout this week...and has a much similar divergence set up, signaling for a trend reversal like we had back in 2019(gave returns high as 350% before cooling off...ummm yea lol). High volume...breaking resistance...4hr-daily candle closes above resistance is KEY!!! IM SO PUMPED HEHEEHEH Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :) Peace Love Money ;)
BITSTAMP:BTCUSDLong
by NoMi_Kidd
5