BITCOIN BEARISH PULLBACK BUILING UPMarket sentiment is bearish at the moment. We saw price broke the weekly market structure and made a temporary support at the level. Price gaining bullish momentum and pushing towards daily and 4H demand zone. Kindly refer to the chart and watch out for the noted levels.
Bullish Divergence
Bitcoin is about to go parabolic !As I mentioned yesterday, there are many similarities between the 2021 and 2017 bullrun.
On the daily we are actually putting in a double bottom as we speak with bullish divergence on the RSI.
This is a wild coincidence especially when the RSI bullish divergence is angled on the exact same angle as 2017(30degrees), assuming we bounce from here.
This could mean were about to go parabolic. Time will tell. Good Luck!
USDCHF Intraday Buy IdeaD1 - Price is bouncing higher from a strong support zone where the bottom of the range coincides.
No opposite signs.
Expecting short term bullish moves to happen here.
H4 - Bullish divergence.
Higher highs.
Until the strong support zone holds I expect the price to continue higher further.
BNB Update Analysis!BNB UPDATE ANALYSIS!
As you can see my yesterday prediction price about BNB. i suggest BNB will make falling
wedge bullish pattern. But suddenly BNB
drops the price until reach 570.1.
But after the effect. I can see another bullish pattern
that possibility appears on BNB H4 Timeframe chart.
BNB now have possibility to create D.B.W bullish pattern.
As you can see on stochasitic indicator. There will be make regular bullish divergence. So
the stochastic and DBW pattern may be the reason behind BNB will goes on the bullush trend again.
I also predicting that BNB bullish move 688.7 - 707.8 price range. Because there are 3 Fibbonaci cluster areas with
the golden ratio converges in the area of the price range.
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
$CGC Revisiting The Bat PCZ For a Second Time.CGC had a bullish setup in this area before why not try and go for it again and potentially fill the wick that we created during the last run?
We have bullish Divergence on both the MACD and RSI suggesting that we may get a bounce from this zone again and this time we may even go higher than the last time.
Check out the related idea section if curious as to what conditions CGC was under just before the last bearish reversal.
ADAUSDT / ADABTC Long until end of November15minute length graph is the wrong one I have put ! Please look at the 5 hour length graph below ! sorry !!!!
I see rsi (relative strength index) as the 1st differential of the price by time !
(let's study how rsi values are created later and see if my idea is right or wrong XD)
The fundamental is that If I see the rsi going up where the price is going down or not going up, I buy !!
But there are major conditions that I put on after this fundamental to confirm the bet. I don't buy something just because I saw the upwards divergence.
I close the position with loss when the rsi value goes down too much that the upwards divergence has lost its shape.
(I look at local minimal points of the price, trade volume of those points and whether rsi values of those points are going up)
I hold until the point where I feel and examine that it is fair price aviation for that good upwards momentum we have been leveraging on.
(I only do spot trade now, no leveraged bets. I mean I am leveraging on the upward force !)
There are many minor details among this process, I can tell you if you want just let me know I might make a video of sh1tty quality of me trying to explain those stuff, but it's really just the fundamentals that the legends have been emphasizing quite much !
For example, in ADA USD or ADA USDT graph, you can find three lower apex prices in the 5-hour unit chart, they were impactful lower points in my eyes.
However, I observed rsi values of those three points went up subsequent to the former ones.
So I looked at every other hour unit graph and one extra rsi graph with different numbers for averaging tick bundle (length), and I confirmed to myself that the anabatic force is being applied, and I also felt that it isn't too weak to fail to support the anabatic energy, and also it isn't in short time interval either.
So I made a speculation that the price would go up to around 2.821$ in usdt scale for binance chart, and that time will be roughly around 19th of November this year !
So from today, my plan is to hold on to ada for about 8 days !
I will close the position if the rsi anabatic divergence is interrupted with a bigger catabatic rsi change, but I wouldn't sell ada if that divergence is still there. In that I mean, even if the price of ada in usdt scale hits lower than 1.78$, I wouldn't actually close the position if the divergence hasn't been disturbed !
There are much more that I would love to talk about during this thought anabolism, I will tell you just one more principle during this process.
It is about why I used binance usdt chart for feeling how ada is doing !
I mean, I could have used adakrw, adausd in coinbase, kraken, etc ... There are so many other counter-values or exchanges that forms a team.
However, I have chosen binance usdt chart for ada for speculation, because I believed that it has the biggest volume among all the other, and I also believed that it will be harder for the bigger one to possess a bigger overpotential than the smaller one when it comes to the inertia of real price - shown price regression.
Like, if you are to ask the answer to a question that your teacher has given you for homework, I would believe a friend who has a higher score on that major would have more tendency to answer it better than a friend who has a lower score !
Here it is just my playground and I am trying to have fun.
I am happy to share my thought process, and you can share what you think, I'll be fine with it !
Here is ADABTC chart if you want to try applying my thought process just for fun !
BINANCE:ADAUSDT
EURGBP - Looking To Buy PullbacksW1 - Price is bouncing higher from a key support zone formed by the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Bullish trend pattern.
Higher highs.
Bullish hidden divergence.
Until the two strong support zones hold my view remains bullish here.
SOL BUY SIGNALSeeing similar patterns across quite a few projects.
A bullish divergence RSI occurs when the stock makes a lower low while the RSI forms a higher high. RSI doesn’t confirm the low and shows momentum is strengthening. The RSI or Relative Strength Index is a momentum indicator . You can apply this same strategy to other lower indicators, like MACD or Money Flow Indicator too.
DOTUSDPrice made lower lows
+
MACD making higher lows
=
Bullish Divergence
RSI is currently around 45 which is right in the middle of the overbought/sold zone.
200 ema acting as support lined up with the.618 Fibonacci ratio.
For those who are cautiously optimistic, there is a decent chance of a wick down to .5 - .382
First target if you break out is ath.
$DPET Bullish Divergencethe $DPET is showing :
+ bullish divergence on the RSI on daily and 12h and 4h frame
+ today we will close with a bullish engolfing candle
+ over a key level : support that was a broken resistance back at the 10/july/2021 (link down on related ideas)
Targets are :
T1 : $2.3
T2 : $3.5 - $4
T3 : $5.5
T4 : $8
SLP bullish divergence on market cipher I was bullish on AXS and SAND months ago but it feels too risky and late to jump now on either of them.
Whereas SLP bullish MC divergence is showing us that it might have already found a bottom at 0.06 and looks pretty much ready for a reversal to the upside.
This could be a great opportunity to enter with a DCA or grid bot.
Grid bot could range similarly to the long position shown in the chart.
Even an infinity grid could work.
The opportunity is a 500% upside vs a potential drop 50% so risk reward is 10 to 1, much more attractive than trading AXS but at the same much more risky.
I will go with a position below 1% of the capital using a DCA bot.
EURJPY Bullish IdeaD1 - Higher highs.
No signs of trend change.
Currently it looks like a correction is happening.
Expecting further continuation higher after this correction.
H4 - Bullish divergence.
Until the two strong support zones hold my view remains bullish here.
A valid breakout above the downtrend line would be the validation for this bullish view.
GBPAUD Intraday Buy IdeaD1 - Price has reached a strong support zone.
Bullish divergence.
Engulfing candle pattern.
Expecting short term bullish moves to happen here.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Colgate: bullish divergence + 1st higher lowWeekly:
Price has hit support for the second time and although the divergence is not pure, it is kind of a bullish divergence, on MACD-H and EFI. Stochastic RSI is coming from an oversold condition and shows some movement in a positive direction. Also, -2 ATR is has been the outer stretch mostly and could indeed pull up to value zone
Daily:
Ticker has made up a good upmove already, will check intraday to see if it would give a better entry. There is a bullish divergence on MACD-H and EFI, and a first higher low acter that. The impulse has changed to blue and price has upshot since the decline, ending in the lower area of the value zone. Stochastic RSI is also showing a bullish divergence as well as macd lines. %K just crossed the %D line. I expect it to move a a possible higher high, and at least reaching the previous high.
Entry: Around 75.5 But I will check after market open if we could find a better intraday entry. I will enter after market open.
Target 1: 76.9
Target 2: 77.95
Stop: 74.15
R/R: 1.3 - 1.8
Is $34.59 the double bottom? Falling Wedge complete?I called $33 as the bottom and wait it until November 1st to see. But what I saw today price movement might suggest $34.59 is the double bottom. If it continues to dip to Monday. Then $33 is still in play. What I like to see is can AMC bounce back up to $38-$39 next week quickly and then break the $44 neckline to $53? I don't expect much price movement tomorrow. Although there are bullish divergence flashing on the hourly chart indicator suggest we will see more higher price movement tomorrow. Only time will tell. Until then I am chilling with AMC.
EURCHF Intraday Buy ideaD1 - Price is currently holding in a key support zone.
Potential bullish divergence.
Expecting short term bullish moves to happen here.
H4 - Bullish divergence.
Until the key support zone holds my short term view remains bullish here.
If we get a valid breakout above the high at 1.07028, we may consider it as a validation for this bullish view.