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Bullish Divergence

Is Bitcoin trading in a Giant Descending Triangle?On the RSI there appears to be a noticeable divergence, there's a series of higher lows forming an ascending triangle. The price is displaying a series of lower highs forming a descending triangle. A bullish divergence or bearish divergence? A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again. On the KST there has been a bearish cross on a 1-year chart. In this 5-year chart, it appears as though a bearish cross is on the verge of occurring near term on the Williams alligator. It's always possible this pattern plays out as a Giant Bullish Flag, expect to see a re-test of the baseline of support & possibly a fake-out to the downside before breaching the horizontal resistance and re-testing ATH's.
COINBASE:BTCUSD
by ScotianBot
2
Pond hidden bullish divergence. Upwards continuation.Historic bounce off of RSI oversold support line. Hidden BULLISH divergence on MACD to confirm upward trend continuation. Price respecting the upward trendline dating back to JULY. Price fulfilled long term Fibonacci 'ABC' pattern, waiting on price to reach target 'D' (0.22494) - our first take profit. Price also completed a short term Fibonacci sequence, 'ABC', first short term Fibonacci target 'D' (0.21911) aligns nicely with long term Fibonacci target. Have patience, don't get greedy and not take profits when price reaches our targets :) Have a nice day.
Long
by Secret_Cervix_Agent
4
BTCUSD one last breath at major support! My overall bias has been bearish but having said that I trade level to level, day-to-day, and will change my mind if we invalidate key levels to take us out of the current bear market. BTC is showing bearish momentum and a very bearish market structure but that does not mean we can't look for longs. After the perfect .618 golden pocket rejection at 48k, we now have everyone in panic so this would be the best time to take a nice, fat long again. We're almost at critical support and it will be thoroughly tested IMO. What I can see coming up is a nice swing long at around the 38.4k range. Looking at TA: We have the golden pocket (yellow lines) of the ENTIRE uptrend. There will be tons of buyers in this range from 37.2k - 38.5k We have a daily level (blue line) of 38.1k Fib 1 - 1 extension (red line) gives us 38.4k for the move down and this typically gets completed as such. 4H - 8H RSI is very, very low and this suggests we've got more room to drop from where we are. Daily hidden bullish divergence if we maintain the 38k level and don't take out the wicks. I think we'll be bouncing in this channel I have created. We're currently halfway through. I'll share some more ideas below in the comments! NFA. Good luck!
BYBIT:BTCUSD.PLong
by christophergeeltrader
NZDUSD Buy Idea After Bullish ConvergenceD1 - Bullish convergence. Currently it looks like a correction is happening. No Opposite evidences. H4 - Currently it looks like a flat correction is happening in the form of a range. Bullish divergence. Until both the key support zones hold my view remains bullish here. If the price breaks and holds above the top of this range we may then consider it as validation for the bullish view and may expect the price to move higher further.
Long
by VladimirRibakov
2