Bullish Divergence
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.
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!
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.
Bullish Pennant- BreakoutWatching HD closely here and looking for a breakout (Broader Market Conditions Permitting) -
- MACD is seemingly about to cross
- Bullish hammer right on the 50-day EMA
- Slight bullish divergence on the RSI
- just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones
PT1- $325.78
PT2- $328.73
PT3- $329.49+
$UBER Bullish DivergenceClosed out last Uber trade with profits. Re entered here as I noticed 11/19 calls sweeping.
Indicators showing bullish divergence and trading well below respected AVWAP.
Looking for a reversal and move back up towards the AVWAP/middle of channel. Run up to earnings also in play with the 11/19
11/19 45C 1.77 avg 21K OI
11/19 47.5C 1.2 avg 4K OI
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9.
The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
EURUSD Aug 25th Swing AnalysisWeekly MFI is oversold indicating possible bottom out and major trend continuation to upside. 4H bullish divergence. 4H engulfing candle crossing ichimoku cloud. If price breaks channel looking for swing to resistance levels and final swing price goal of around 1.23000. In the past when price moved from this area it took a month give or take to move 500-600 pips when it was ready. Since August is almost over. If price breaks channel expecting September and October to be bullish and get to final price 1.23000.
Post-Profit Reentry at PCZ of Bullish GartleyA few weeks ago USDCHF bullishly reversed at the PCZ of a Bullish ABCD and reached the profit taking zone and has since reversed bearishly from that profit taking zone. Now it looks to want to make a higher low and could be forming an Inverse Head and Shoulders along with a Bullish Gartley to back it up.
I will look to reenter long here and aim to ride this up to much higher targets this time.
$SOS Looks ready to explode Just noticed the bullish divergence in the OBV indicator and went long calls and a few hundred shares at 2.7
With Crypto going on another bull run , stock appears to be completing phase C wyckoff accumulation . Expecting a move up soon.
Just an idea not advice, but with how long this has been basing I prefer shares over options to avoid any theta burn