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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
Long
by Tornado_Trading
2
Similarities between DASHBTC and ETHBTCI have had a favorable view of Dash for a while and have been trying to construct a trading plan. The scratching in the back of my head had me look at the DASHBTC chart and compare it to the ETHBTC chart and here are the similarities I plan on using until my plan is invalidated for the next couple of years. Chart Overview and Analysis The black bands were drawn on the monthly chart and are zone of serious consolidation for many years for both trading pairs. When price finally clears the area on the monthly timeframe there massive gains to be had. The top of the zone failed as support there was a multi-year bear market against bitcoin Ethereum moved faster against bitcoin but it also had less upside and downside. Dash is taking longer to consolidate against Bitcoin but when it finishes it very likely will have more gains for the patient. The speed of the movements can be seen with ETH already way above its 400w EMA and finding resistance and consolidating against zone of price action where it failed to find the 400 as support. Dash has a chart pattern against the 400 EMA just as ETH and I suspect it will resolve bullishly. This will take price action above the 400 EMA and to the resistance trendline which is now some 7 months old. From there a retest of the 400 EMA/Megaphone support would be very natural. DASHBTC retesting the 400 EMA is a very serious even. It could be over a 50% pullback on the pair and an even more serious pull back against USD, up to 70 percent. DASHBTC could resolve itself bullishly while DASHUSD and BTCUSD are in a multi-year bear market. More Charts Below is the Fib Retrace from DashUSD ATH to bear market low and we see that price action failed right in the golden pocket. I suspect we will see a lot of consolidation and the next major stall will be at the 0.786 and then price action will test the 0.618 as rough support. The next chart is the most provisional but it shows a possible recovery route for Dashusd. There was a quick move to just shy of the 0.5 retracement level, a consolidation and then a move to the the golden pocket. I expect something similar but not an exact repeat. Here is a zoom in of DASHBTC on the daily chart. The MACD Histogram has a lot of bullish divergence as does the MACD (Asprey Version) and the RSI has found a technical double bottom. I suspect price action will stall at the top of daily BB and Keltner Channel and have some chop but the price action in February does show I could be pleasantly surprised by a very quick move to resistance. DashEth on the weekly is looking like it will return to the black trendline and possibly beat it as resistance. The purple arrows show bullish divergence and the orange line shows a technical double bottom. Very promising and even if it stalls at the black trendline again it still doubles against ETH. Final DashUSD targets Here is Dash next to ETH on the long term chart. Both have the ichimoku clouds on the weekly setting turned bullish and it makes it clear that in very short order DASH could be closing in on its 1.414 fib extension over $8,200 or perhaps an even higher fib target. Off to the left we see the importance of taking profit before the major levels as ETH came to less than 10% of the 1.414 level. But if Dash is anywhere near close to target in a year or so I will be a very happy man. One reason why I do like fib channels is it called the Eth high perfectly. I might have to settle for mere 5k Dash before a major consolidation. A mere 30x from here. Closing Thoughts This charting reflects a lot of my trading style and personality. I am sure they new coins out there that may have more upside than Dash and that are moving a lot faster but as I get further along in my trading and active investing I want something with more history against both itself and major alts. All the general disclaimers of this not being trading advice and myself not being a advisor apply.
Long
by This_Guhy
4
Bullish DIV on SRMFirst some FA: kraken announced SOL and SRM will be listed on 17th of June so this should push the price up. As you can see there's a clear bullish DIV (the div is on CCI as well) and there's a compression on BB indicating something is about to happen. Considering the recent maket dump combined with the bullish DIV I think this should go up. At 4h timeframe VLPR (not shown) mark current price around the control like, in this case buys and sells are almost the same. It's a decision point, I think it'll go up, you can buy now and set a tight stop loss.
SLong
by Shotokhan
Restaurant Brands Breakout Based on technical analysis, I see Restaurant Brands breaking through resistance which is the red cloud above the candles. Heres why I believe this, Double Buy signal on the Guth 3x confirm which is highly accurate Growing bullish divergence as indicated by the MACD and D+ ( green shadow below candles representing growing bull strength ) Daily volume is low meaning the selling of should be nearing and end initiating a bull cycle as investors buy this low Comment your thoughts below & like if you see this happening
NYSE:QSRLong
by Myantman101
How to analyse Divergences using RSI for BTCUSDThis tutorial on RSI Divergences is the second part of a RSI Masterclass series. We have already discussed how to make use of the basic RSI indicator in our previous masterclass tutorial. We will understand the use of Divergence oscillators in short timeframes for BTCUSD. A divergence happens when the price of an asset (BTC in this case) moves in the opposite direction to a momentum indicator or oscillator. It is the opposite of a confirmation signal, which is when the indicator and price are moving in the same direction. How to use Divergence in trading A divergence is often seen as a sign that the current market action is losing its momentum and weakening, meaning it could soon change direction. there is a significant chance of a price retracement Bullish Divergence A bullish divergence is the pattern that occurs when the price falls to lower lows, while the technical indicator reaches higher lows. After a bullish divergence pattern, it is common to see a rapid price increase. Bearish Divergence A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. There is a likelihood of a rapid decline in price following the divergence Please note: One of the most common problems with divergences is ‘false positives’, which is when the divergence occurs but there is no reversal. The technique does not give a set price point at which to open or close a trade, just an indication of the strength or weakness of the underlying market sentiment. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas! - Mudrex
BITSTAMP:ETHUSDEducation
by Mudrex
1