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Bullish Divergence

USDCAD Buy Idea With Two Possible ScenariosD1 - Price is bouncing higher from a key support zone. Multiple false breaks with bullish divergence. H4 - After the strong bullish move currently it looks like a flat correction is happening. Scenario 1 - More aggressive approach. Looking for bullish setups from the bottom of the consolidation. Scenario 2 - Breakout above the consolidation zone, and only then looking for bullish setups. If we get a valid breakout below this strong support zone then it would invalidate this bullish view.
Long
by VladimirRibakov
4
BTCUSD - H1/M15 - H & S FAILED BY A BULLISH DIVERGENCE !H1 : The expected Head and Shoulder formation failed ! Indeed the yesterday's intraday low @ 47069, triggered a bullish divergence on RSI, confirmed, later by other indicators which triggered a short term reversal in building an uptrend channel. On its way up, BTC recovered above KS, TS and MBB which now should be seen as the cluster support @ 48440 on H1 time frame. Interesting to note that this new short term support zone coincides also with the clouds top area and a failure to hold above it would put the focus on the bottom of the clouds. Clouds are thick therefore also difficult to break ! Currently, attempting to breakout the former downtrend resistance line. On the upside, the D1 cluster is @ 50000. M15 : Above the clouds and KS, MBB and TS. Also above the former downtrend line resistance. Watch carefully price action over the coming M15 period for validation or invalidation of this downtrend line resistance line and keep in mind support zone between 49000/48950. On the upside watch 49500/49735 as first resistance levels to break.
BITSTAMP:BTCUSD
by Ironman8848
2
slight bullish DIV in a falling wedgeAfter last breakout DOT formed a falling wedge which usually goes up, moreover, even if very mild, there's a bullish DIV on 4h RSI and also on MFI (not shown here because I don't have tradingview PRO account). Price has also bounced off BB lower band so this should head upwards from here but off course it's all up how market will behave. If everytime BTC dumps people sells his alts we'll be stuck here forever. As I've written in other analysis and I'm probably gonna paste in every one with education purpose: "Unfortunately in cryptomarket if BTC goes down people freak out and sells everything. Which makes no sense to me, is like betting against your own team only because the strongest team of the league loses.". Please share my thought, every BTC dumps doesn't mean bull season is over or other crypto are over as well! To enter the trade use the control line (red one) on volume profile as resistance, if we close a candle over that you can open a position there, however if volume remains low I think we can postpone the breakout. Entering at this point I think it's pretty risky.
Long
by Shotokhan
4
4hr chart h&s has formed. Will bull div keep it from triggering?Considering the h&s pattern is so blatantly obvious while also in a bull market is reason enough to be slightly cautious here... when you throw in the bullish divergence with that (yellow trendlines) the confluence really increases the likelihood of a fakeout...I think it's also probable we could get a breakdown that doesn't reach its full target as well. For now these seem like the two most likely outcomes here. *Not financial advice*
GEMINI:BTCUSD
by DrDovetail
1
GBPCAD Buy Idea Based on Key Support ZonesH4 - Bullish trend pattern followed by a double wave correction. Bullish divergence. We have two key support zones that have formed based on the fibonacci retracement and expansion levels. The first key support zone is formed by the 38.2% fibonacci retracement zone of the bullish trend pattern and the 100% fibonacci expansion level of the first wave. The second key support zone is formed by the 50% - 61.8% fibonacci retracement zones of the bullish trend pattern and the 161.8% fibonacci expansion level of the first wave. Until both these key support zones hold my view remains bullish here.
Long
by VladimirRibakov
GBP/AUD will start the bullish movement?Hi every one BRITISH POUND / AUSTRALIAN DOLLAR GBP/AUD has formed an ascending triangle with 2 regular bullish divergences (+RD) as well! these signals will make the bullish movement more likely to happen we just have to wait for the breaking of the triangle! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
14
Bullish Divergence on the MACDBeginner Friendly I love to see bullish divergence on the MACD(moving average convergence divergence) indicator. It usually always makes a bullish cross to the upside :) Bullish Divergence: To put it simple, when price action is making lower lows while the MACD is making higher lows, its considered bullish divergence. This is a good indication that a trend reversal is about to happen. Of course no one indicator is 100% accurate, so make sure to also evaluate the sentiment of the market/stock. I like to pair this indicator with the RSI (relative strength index) to get a better idea on where I should position myself in the trade. For example, lets take this PLTR chart: Price Action is falling (making lower lows) The MACD indicator is rising (making higher lows) There was a bounce off of the support line as the MACD is crossing up The RSI indicator is pretty low indicating that the stock is oversold These make great conditions for a trend reversal. I would only take this trade once the cross is complete because remember, no indicator is 100% accurate. As stated in my previous post, I wont be hopping into this trade until a trend reversal is signaled because the market is too mixed for me. I found a really awesome post that will help you understand different type of divergence's ---> Types Of Divergence Thanks for reading, leave a comment and me know what you think!
PLong
by diamondparker
2
USD/CAD IN COMING DAYSHello every one U.S. Dollar / Canadian Dollar The USDCAD chart has formed a very big falling wedge this means there is a huge pump is coming to the market but only after breaking of this pattern there is also a regular bullish divergence as well(+RD) which means that this signal is much more reliable Note that the indicators shows the future of the market Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
13