BTC falling wedge + bullish divergenceLooks like bitcoin is in falling wedge + classic bullich divergence
Bullish-divergence
Retry: Bullish divergence on Bitcoin daily Trade #0002Posting the analysis is a bit late, I reentered but had no time to write on Tradingview. I saw the setup becoming interesting again and bought in the 32-33K area. We're above 34,8k now, best to wait on the 4H for a pullback. Otherwise the R/R ratio ain't good.
The exit target 1 is a bit higher now. The second target could be considered the same, as 40K resistance is strong.
Weekly: MACD-H is ticking up, right now, although candle is not closed. But this Timefame shows MACD Histogram is flattening
Daily:
There is a bullish divergence and a rejection candle, and this false downside breakout closed above the support line, showing that the market is not ready (yet) to go lower then 30, there is still too much buying interest over there.
The Stochastic RSI is crossing and coming from and oversold condition, and is turning bullish right now.
Interestingly, we have a bullish divergence on MACD-Histogram, as well as MACD lines, EFI AND there is also a ATR Channel divergence. This is bullish and makes me go long.
4H:
4H chart is up now and strong. Best to wait for a pullack. Afther the bullish divergence, we are at a Higher High now. At the arrow I entered this trade. Perhaps a pullback will bring us back in the lower 34K range
Entry: 34,6K (can be bought up to 33,8, so at the moment of this writing we have to wait for that first)
Exit:
1: 38,5K
2: 39,9K
SL: 31,9K
BTC - downtrend broken ?Hello all,
As discussed in the past, BTC was trading below the lower boundary of the downtrend corridor, which was built as an extension of the diamond pattern formation from early May. That figure preceded the Bitcoin crash.
The BTC/USD pair, however, managed to break above it three days ago for the first time since May 19.
So, what we have currently is the following:
Positive:
- Price trading above the 21-period EMA on the daily timeframe.
- As commented, it also broke the diagonal resistance coming from the diamond pattern from early May.
- There is a Bullish divergence signal on the RSI on daily timeframe.
- Above POC (Point of control) line on the volume profile indicator, which marks the zone with the biggest trading activity.
Negative:
- The BTC/USDT pair quickly broke above the the $33,500 - $39,000 range, but immediately went back into it.
- Significant lack of volume and momentum.
- Still struggling around the January peak at $42,000 - horizontal resistance.
- Weak weekly timeframe performance - quite bearish
What I will be looking for here in case the current level fails is a support at around the $38,700 level zone where the local horizontal line is located alongside the 50-day EMA and the mentioned horizontal downtrend. It is also where the point of control is situated, which makes the zone extremely important for keeping bull's hopes alive.
Best Regards
ANKR Moon Potential The potential of the coin is amazing. We have a weekly stoch RSI cross forming. Weekly stoch RSI is a very powerful signal.
ANKR current statistics
- Ranked #97
- Already on Coinbase & Binance
- Ankr marketcap is 750 Million
- 6,996,232,711 out of 10,000,000,000 circulating supply
Lets compare marketcaps...
Vechain is worth $8 Billion
Matic is worth $12 Billion
Ankr is worth $750 Million
Also very similar charts ^
A $1.37 Ankr price would = 9 Billion evaluation
A million is $1,000,000
A billion is $1,000,000,000
A Trillion is $1,000,000,000,000
Unique Use Case
- Ankr goal is to provide value in the cloud computing industry. Very ambitous. Cloud computing is a growing industry. Google & Amazo.
Ankr Team
- Comittee of 16 advisors. All have credible backgrounds. I even met one person from the team. Very credible people.
This is not a get rich quick coin. This is for a true investor that seeks value in return. This is alternative to coins such as ADA, VET, & XRP that already proven their value in use & price. I believe Ankr has true potential to succeed and be a top #25 coin.
With such a microcap. This coin weilds very violatile adjustments. This can happen very quick. Especially now since it is listed on Coinbase. Moon city is the goal. Diamond hands.
XPEV to 39 BoolishXPEV looking amazing. Breakout of large wedge and 78.6% fib level resistance with volume and MACD bullish divergence. Above 33.50 should see 39 easy
SNX, the upside caseSNX, Weekly: Long term uptrend continuation implied (this is the weekly). Easy risk management with stop under the .236 Fib. Upside targets are very conservative: easily achievable, in time with patience. The recent, higher low establishes hidden bullish divergence, and the RSI maintains the bullish control zone at 61. SNX seems to be lagging in alt-season so perhaps we are done with the $17 region. Moon targets could be much higher, you decide.
Quick Update - BTC Possible Path to RecoveryWith around 4 hours left on the daily, the window for a bullish recovery today is getting narrower but the single other time we dropped below the 20/21w MAs in a bull market we spent a couple days under it. Additionally on the 1D chart the last five times our Stoch RSI dropped to the level we are at now, it spent an average of 3 days there, and we are currently closing day 3.
At smaller timeframes (under 4 hours) we are starting to see numerous bullish divergences, on MACD, RSI, DMA. However we are painting a descending triangle which suggests the potential for a breakdown below the current support.
That said, the bullish divergences suggest to me that any bearish breakdown will be soon followed by a strong reversal. Even if we dip, the 200 DMA (immediately below at the bottom of our next support zone, is a strong support and hosts a collection of orders that could provide the volume needed to break bullish and climb back above the 20/21w MAs.
Bottom line: a bearish breakout can quickly flip bullish. We'll want to watch how BTC reacts around 44.7k (top of triangle resistance) and 42k (bottom support); if it breaks under the triangle we have the possibility for a strong bounce from the 200 DMA which also aligns with the next lower support zone. If it falls under there we have room to continue dropping, as low as 32k imo. Not financial advice.
As always, I am not a financial professional and this is only my speculation. Practice good risk management and best of luck.
HP for bullish divergence w.l.HP looks like a terrific stock to own for me. I would like to get in asap, but earnings on Friday keeps me on the sidelines.
The indicators are not strong on the daily chart, but on the 4 hour they are like perfect crystalline formations. I had to zoom down and do my analysis from there. Am I breaking the rules a little? Yes, I am.
Speaking of breaking the rules, I may be drawing the Fibonacci wantingly. I could see that the current correction looked like it was at or near 50%, which is a documented level, so I included it to illustrate what I was seeing.
The structure it has come down to looks fantastic. It's no wonder price is attracted to the area. Clearly buyers and sellers thought this was a fair price. I think buyers want to see if they can get a little more out of it, and frankly, if they do I think they will be coming out ahead.
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Price action surrounding earnings, to me, is basically random, so I will wait to see if there are any opportunities to get long after the report.
JD for the bullish divergence w.l.Clearly it's in a long correction. Bullish divergence is seen on 2 of the 5 indicators we look for, which is good enough to get it buy listed.
The post scan criteria factors working against us are that:
1) we are supposed to be above the 50 and 200 weekly MA's, however, we are messing around with the 50 MA at the moment, which gives indecision.
2) earnings is less than 2 weeks away. Earnings is May 10th. Earnings means possibly large volatility and strange price action.
3) above average volume on recent low. This is not present. If it was it would show us buyers like the new low prices, but not seeing that, we can not say that.
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If it wasn't for the earnings and lack of volume on recent lows I would be pretty favorable according to the criteria. It's not 5 stars, but it's probably at least 3 1/2. Worth keeping an eye on.
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I will start putting these out in the mornings if I can ever get myself figured out that early. It is kind of hard doing this knowing the futures markets are spinning, and I'm not watching them.
CRV Ascending Triangle OppurtunityIf CRV manages to show support on the trend line thinks could be looking very bullish for CRV.
- On the daily MACD you can see that we are very close to a bearish cross and are set up for a pullback
- RSI shows us a bullish divergence, this means less overbought at the same prices
- The trendline support area is set up between the 0.5 and 0.618 of the fib which is known as a good area for a bounce (cant see this very well on this chart)
If the ascending triangle would break out to the upside there would be a very big resistance around 4.4 based on 2 strong fibonacci retracements
Price targets:
For me there are 2 main price targets:
20% at 3.41 if the trend line gets respected and bullish momentum shows
36% at 4.428 if the ascending triangle breaks out
NOTICE: These price targets are at exact levels and I would recommend taking profits mildly lower.
BTCUSD- Another bullish divergence???Quick update
Another bullish divergence in the price after a flash wick down
Whales doing something????
if you want more detail look at my last idea I pretty much feel the same.
This bullish divergence can also be seen in the BTC spot chart on the 4h
Comment what you think and follow if you liked the idea.
Also look at the related ideas or click it on the chart.
WKHS ReversalWKHS has been on a slow decline recently ever since the news of them not getting the USPS contract.
It has steady been in the demand zone for a while. RSI showing a bullish divergence and Cathie Woods had been loading up on the dip. Gap to fill at $30. Potentially a good long term play. Catalyst would be the USPS contract.
CRO Continuation After almost a Month of reaccumulation CRO looking like it wants to continue the uptrend i mentioned in the last post. Once again CRO looking very bullish on the higher time frames, this time not only on the CROUSD Chart but also on CROBTC Chart.
On the 1d Chart CROUSD shows triple hidden bullish divergence on the MACD Histogram and classic hidden bullish divergence on the RSI which would imply that the uptrend will continue. The next real resistance is at 0.253 and right after that the 1.618 fib extension from the 2020 ATH to the Low from January 2021 at 0.28$ which most likely lead to some profit taking and will not be easy to break.
On the 2d CROUSD showing potential hidden bullish divergence on the MACD Histogram and the RSI pivoting of the 60 level which is also bullish and a sign of strength. The bullish engulfing candle that will print in a couple of minutes, could act as the start signal for a new rally to higher prices.
On the 3d CROUSD it could be argued it's also showing hidden bullish divergence on the RSI and gaining on positive Momentum on the MACD Histogram again.
The 2d CROBTC chart is lookin insanely bullish. Today it will close with a massive bullish engulfing candle. In a couple Days we will probably see the 20EMA cross above the 50EMA for the first time since October 2020. On the 1d CRO gonna have a golden cross and all the major moving averages will finally cross above the 200SMA also since the s**tstorm back in October 2020.
I don't even want to start talking about a common FIbonacci Retrace on the CROBTC chart because it would imply a move between 80% for the 0.382 Fib and a 170% move till it would reach the .618 Fib.
Let's see how this plays out :)
Probing the Indicator Rabbit Hole. Bullish Divergence.This is a stock trend trading strategy that is heavily reliant on indicators. I was seeing if I could use this same strategy for futures, and surprising no one, it does translate.
You need at least 2 of the indicators to be giving you exactly what you want, and the other indicators to be at least not working aggressively against you.
This is a super crisp example, literally everything came out right. That's why I chose this example. Not an accident. If you really want to test the metal of this strategy, by all means, don't let me stop you.
The ending conclusion, if you've got your head right should be the following : "If I had been able to notice everything going on here I could have had a lot of confidence using a high probability order placement."
ZIL, Targets to FillZIL, 4H, no shame in swinging for that 1.618: increase in thrust, triple divergences and yesterday's 1D bullish engulfing candle make the case. Easy low R:R. Leave a comment if you like.
KGC, cuz Why Not Gold $ometimesThis KGC chart seems poised for upside due to many technical reasons. It's just plain beautiful. Harmonic, divergence, moving average support on the weekly. First positive momentum in a long time showing this week.
Denison Mines, Blowing MindsDNN, 4h, This right-angled consolidation contains some scrubby harmonics excluded, so the headline here is the formation of higher lows on all 3 momentum oscs - MACD, RSI & Stoch - while the asset has held $1 essentially during. Continuation inferred by the Class B bullish divergence across the trio coupled with seller exhaustion makes a break of the 1.32 region critical for upside targets, so a formidable entry nearer the current range ensures proper R:R of 3.45/ 4.95 / 6.8. Our recent high serves as the first of the 3 overhead Fib targets with a break of the present range below the 0.382 retracement.
BW - What a beautiful Weekly chart
Weekend preperation and discovery. I love it when I find something as beautiful a BW on the Weekly time frame. I looked through about 300+ charts today and found 22 that I fell in love with for April.
Explanation:
Focus is the stochastic indicators, mainly the middle and bottom one. The top stochastic is my signal with a shorter setting. It shows me direction and confirmation for trade execution. The idea is to find charts that have stochastic that angle like the one in BW, almost like the stochastic wants to jump out of the indicator and move into the chart. Extremely good and pronounced BULLISH DIVERGENCE.
Price continues to try to move down, while momentum continues to move to the upside. Bullish divergence, trend reversal and dollar signs. I boxed the angle/shape on the stochastic. Hope ya'll enjoy.
Top - Stochastic signal
Middle - Stochastic 14
Bottom - Stochastic 21
Very possible yum yum style for Genius Brands! Kid's ed stockThis children's multimedia education stock is looking truly juicy! I'm all in with a large position! Let'sgooooo!!!!
Do research, think for yourself!
Not investment advice.
Bullish divergence + symmetrical triangle (1D) USDHUFYesterday I wrote about the symmetrical triangle (blue lines) + As you can see, a nice hidden divergence (red lines) formed in the daily chart.
The situation is still very bullish. Around 309.5-310 there is a good buy opportunity.
Possible breakout situation for Sundial!This fledgling cannabis stonk has a great future ahead of it in my eyes. Just peep their instagram! They're definitely seemingly in-the-know. I'm thinking of this position as a long hold. But also will probably reach a short term peak soon.
Have fun!
Not investment advice
