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Bullish Divergence

Bitcoin Bear Market Bull flagsHi Investors/traders Today I'm looking at the 2 week chart of BTC on a line chart. We are comparing the bear markets with a bull flag out look. Although they are NOT technical bull flags they bare some similarities with the support and resistance areas along with false breakouts. We will go over false break outs and they usually mean and result in. There are only two indicators in this chart although one is turned off for the purpose of clarity and keeping the chart clean. The one not visible is the (Bitcoin Fibonacci Log Regression) and the (CM_Ult_MacD_MTF) it is basically the MACD with different colors, a line that marks the zero and dots to mark crosses. As we can clearly see the 2 week MacD has had an upward cross which has historically marked the bottom was in and momentum is slowly being gained on the upside. This should tell you the fight to battle resistance zones has already begun. False breakouts whether they are on the upside or downside act the same way. As we can see in 2018 Bitcoin was in a down ward trading channel (Bull Flag) and broke out of it on the downside, it then recovered back into the channel, which is a bullish move as we can see the result was a fairly substantial run afterwards. Last year Bitcoin did the same thing but opposite. It broke out of the channel but to the upside this time, then falling back into the channel again proving to be a false breakout. This is a very bearish move, But when does is it end? Well, no one knows, probably not the answer you're looking for. Clues for the answer to this question In my experience are in the indicators. One powerful indicator is the MACD, especially on the 2 week. The RSI as well is a very powerful indicator although not in this chart is showing a bullish divergence. Also a third indicator that is very powerful is the Stochastic RSI, which itself is also showing momentum is on the rise as well. Does this mean BTC will flip bullish any moment? No. Does it mean we will not go lower? No. There is no 100% guarantee, only risk management. Historically what we can see here is that it has been a very good time to buy and a reversal would come in the next few weeks or months. I have two possible targets on this chart, why? First off no knows the actual future of anything. The only thing we can do is use educated guesses. By looking at at history, and using indicators, we can try to plot how the future could happen. After that we just follow a and see where it goes. So, the possible targets.... If you believe in manipulation of outcomes, (covid) being one and the addition of (leverage trading) and (Derivatives). I see people arguing that it affected the price of BTC, the crypto market and caused anomalies. Anomalies always happen, like we said earlier there is no certainty. However, one action begets and equal opposite reaction. so, it there is any truth to these things they will eventually correct one way or another. The only thing we can go by are the facts, the facts are BTC had a bull run, it then pulled back, then it had a false breakout, that then lead to the collapsed, and now is showing that momentum is flipping to upwards again. You could say this is all just junk information, but by comparing it to the stock to flow we can see there is something to it. I have stock to flow comparison charts as well. Another thing to be aware of is that BTC as of the FTX debacle, is now untethered from the stock market. What does that mean? I don't know. For how long or permanent? I don't know. Yes, Bitcoins moves throughout it's history have been mirrored to stocks. I want to add that a break and close below 13.7k is not a good thing and it's not a buy in my opinion. I think a close under 13.7k will eventually lead to a bigger collapse to at least 3k and would take years and years to recover. I do have this scenario in the chart as well, however I don't expect it at this point in time. I'm not saying that the price can't go below and quickly recover, I'm saying if it does go below and does not quickly recover, than there are most likely bigger problems in the market. Time will answer these questions from above. I think within 6 months a lot of these questions will be answered. So sit tight and let's see. Thank you for looking leave questions or comments below WeAreSat0shi
COINBASE:BTCUSDLong
by WeAreSat0shi
12
DBA: Bullish Abandoned Baby on Agriculture Futures ETFThe DBA Agriculture Fund is an ETF that has futures exposure to various different commodities including: Wheat, Corn, Sugar, Live Cattle, Lean Hogs, Cotton, Soybeans, Coffee, and others. As of right now the fund has recently pulled back due to a Bearish Test of the Bearish Bat PCZ but during this time it has formed what looks to be a Cup with Handle and has confirmed a Bullish Abandoned Baby off the 200-Day SMA with Bullish Divergence on both the MACD and RSI. With all these factors being considered along with the recent dramatic increase in charter rates across the containership and dry bulk segments, I think it is very likely that we will see the pricing of these commodities rise once more and likely break significantly above any of the bearish zones.
AMEX:DBALong
by RizeSenpai
CADCHF: Bullish Reversal Potential - Long Trade Setup📉 Overview: CADCHF is shifting from a downtrend to sideways movement, signaling a potential bullish reversal. A sharp bullish divergence and a strong 97% bullish market sentiment enhance the likelihood of an upward move. 📊 Technical Analysis: Transition from downtrend to sideways, coupled with a bullish divergence, sets the stage for a potential bullish reversal. 📈 Market Sentiment: A robust 97% bullish sentiment supports the potential strength of the upward reversal. 📉 Trade Strategy: Traders may consider a long trade if the key level at 0.63910 is breached. Entry points near the coming higher lows (HL) or Fibonacci retracement levels like 0.236 or 0.382 are potential considerations. 🛑 Risk Management: Implementing effective risk management, including appropriate stop-loss orders, is crucial to safeguard capital. 📈 Conclusion: CADCHF presents a compelling long trade opportunity with bullish signals and strong market sentiment. Monitor the break above 0.63910 and adjust positions based on evolving market conditions.
Long
by miansarimhameed
WKHS: Falling Wedge With Bullish Divergence Into The 2018 ZoneWKHS has formed a Falling Wedge with Bullish Divergence on the Daily as it has come down into the December 2018 Low. It has also Bullishly Engulfed the previous Daily Candles and has exhausted the Options Chain. At this point in time I'd expect WKHS to make its way back above 50 cents and perhaps run up to around $1 or perhaps a bit higher which would be best played by buying the call options at the 50 cent strike which currently trade at below 5 cents.
NASDAQ:WKHSLong
by RizeSenpai
2
Unlocking Potential: EURGBP's Consolidation and Bullish MomentumIn the current market scenario, the EURGBP pair appears to be undergoing a phase of consolidation following a preceding downtrend. The price action is forming a discernible flat bottom, a pattern indicative of accumulation, further complemented by a bullish divergence observed on the Relative Strength Index (RSI). Should the price breach the defined entry point, the imminent breakout could propel the currency pair upwards. Notably, the overall market sentiment stands at an overwhelmingly bullish 96%, adding a reinforcing element to the potential upward trajectory.
Long
by miansarimhameed
1
USDCHF bullish move possibilityPrice is currently testing the lower boundary of a daily bearish channel, the 78.6% FIB retracement level, and a long-term support area as well as bullish divergence between price and stochastic momentum oscillator in daily timeframe. This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move, correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
2
#AUDCAD potential bullish continuationAs you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay indicator. Thirdly, we have bullish divergence between price and the stochastic oscillator, suggesting that momentum has shifted to the upside. Also, from a market structural point, the price is forming higher highs and higher lows and is currently testing the previous resistance, which has now turned into support. After observing all these bullish confluences, the price then formed a bullish engulfing candle, suggesting that bulls are active in the market. To participate in this market, there are two things that we can do. Either we can engage in this market by executing a buy order at the current price or place a buy limit order at 50% of the bullish engulfing candle, of which I prefer to use the second method.
Long
by mohemati
2
Cardano ADA - Bull Cycle - BUY & HODLCardano is getting ready for Black Friday. It's on Sale, and it's time to lead some more, on each big dip. ADAUSD ( ADAUSDT , ADABUSD ) is showing a "beautiful" Reversal Pattern. I am holding and loading more. My next good level: $0.15 . Technicals: * Elliott Wave A-B-C Pattern * Fibonacci Retracement * Demand Zone * Cycle Analysis * Bullish Divergence My Fibonacci Time Zones tell me that early '23 is BOOMING! One more dip please, and then we wait for Valhalla.
ALong
by EW4X
4
Polkadot DOT to $150 - BUY & HODLPolkadot is a nice project, it has real value behind it. DOT ( DOTUSD , DOTUSDT , DOTBUSD ) , like all others, is cooking something. Cryptocurrency Markets will eventually start another Bullish Cycle. However, for that to happen, first and last: bad news and bad bad things need to happen. Why? So that rookies will give in and surrender. That's how it works. When people sell out of fear, I buy! So, I have been, and will continue buying all major falls. I am a Crypto Bull, what can I say... I'm not investing my bread money, and neither should anyone else. It's for the long-term, and with a little bit of luck, I will put my son to a good school once he's of that age. Yeah, that's why we keep buying all these :poop: coins. :D So, let's get on with it! My best buying level is: $2.5 . The Fibonacci Time Zones & Cycles tell me that this December there is a good chance that Santa will come. IMO, The 2nd wave of the Fibonacci Summation is here. Patience is needed though, because this rocket needs to gather fuel for that trip to Mars. I've decided to set the bull-leg time-frame for early '23. Until then, I'm loading ammo: HODLer style LOL. Technical Analysis: * Elliott Wave A-B-C Pattern * Harmonic Pattern: Bullish Cypher * Ending Diagonal * Bullish Divergence * Fibonacci Retracement: 88.6% * Fibonacci Extension: 127.2% * Demand Zone Good luck my fellow HODLer! Richard
DLong
by EW4X
9
SHIB Santa - Taking 2 Zeros OutShiba Inu ( SHIB ) is coming to town. This Christmas, forget about Santa! Shiba is what we need. Another :poop: coin that will take away two zeros. The patterns are clear. Cryptocurrencies are getting ready for a great '23. For the record, I'm not a fan of SHIB ( SHIBUSD , SHIBUSDT , SHIBBUSD ). I am only holding a few millions, like every other HODLer out there. It has no real purpose, unless it's destiny is to go to Mars. My next Strong Level: 0.000006 . BUT! You asked, I deliver .. an analysis on Shiba Inu. SHIB Technical Analysis: * Elliott Wave A-B-C Pattern * Bullish Divergence * 88.6% Fibonacci Retracement * Ending Diagonal * Double Bottom * Demand Zone That's it. Merry Christmas my fellow HODLer!
SLong
by EW4X
5
#Verizon a recovery buy? NYSE:VZ Verizon Communications Inc. has recently released an impressive earnings report, surpassing expectations across the board and increasing their Free Cash Flow (FCF) guidance by a substantial $1 billion compared to their previous guidance. This announcement has injected new life into the stock, and it's evident in the pre-market trading where VZ has surged by almost 4%. The current outlook for VZ is highly favorable, and here's why: A bullish divergence is emerging on both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators, particularly on the weekly timeframe. This divergence suggests that the stock is poised for a recovery, possibly leading to a profitable swing trade opportunity for investors. Furthermore, VZ presents an additional allure for long-term investors. With a generous dividend yield of over 8%, this stock becomes a compelling choice for those seeking a stable, income-generating investment. In summary, the combination of robust earnings, a notable increase in FCF guidance, and the promising technical indicators on the chart indicate a strong potential for VZ to recover from recent losses. Whether you're looking for a shorter-term swing trade or a long-term income play, Verizon is shaping up as an attractive option in the current market landscape
NYSE:VZLong
by sajalgoelin
The SPY is Bouncing off of Support for the Second Time (Updated)Previously a trade was taken on the spy from this support level that targetted tthe $420-$425 level of Previous Support and Resistance after hitting this level of interest price came back down to support in early October. By this time we developed Bullish Divergence and eventually Gapped Down Below Support only to close Bullishly back above Support therefore Giving us a Bearish 3 Line Strike at Support along with a Bullish Divergence. Thisd is an update on that trade setup to point out the fact that price is now coming off that support zone and that on the Weekly we tested the 200 week moving average and are also Bullishly Diverging on this timeframe. If price comes back up to test the $420 level again it will hhave confirmed a Partial Decline and will be very likely to Breakout of the Descending Broadening Wedge pattern and test; Near, At, or Above the All Time Highs.
AMEX:SPYLong
by RizeSenpai
3
Japanese Currency Index: Harmonic Bottom with RSI ConfirmationThere is a Confluence of a Bullish Butterfly and a smaller Bullish Bat visible on the 5-day and Weekly timeframes on the JXY as the RSI ticks out of the oversold zone for the 4th time at this level while making higher lows each time. It would seem as if the JXY is confirming to us that it has reached a Harmonic Bottom and is preparing to rise up to some of the longer-term moving averages, with the highest being at around $89-$95. During this time, we have seen the JXY continue to strengthen against other non-USD currencies, but now it's starting to look like not only will the JXY rise but that the Yen will gain dominance against the Yen, and when this happens, I also expect the JGB Yields to rise significantly. So beyond my forex positions, I will be adding YCS puts to my list of Bullish JPY positions. YCS is a 2x Return of USDJPY so if JPY starts to go up from here, this ETF could really crash down fast.
TVC:JXYLong
by RizeSenpai
PancakeSwap CAKE - The Road to $150PancakeSwap is the place you trust when it comes to swapping your AltCoins. Its symbol: CAKE ( CAKEUSD , CAKEBUSD , CAKEUSDT ). If you take a look at this one, it's a no-brainer. Things are looking up. Although the Crypto Markets have been smashed lately, the Sun will shine on almost all projects. And I intend to be ready. Got myself a portfolio and adding gently to it on most big dips. HODLing requires patience, but time passes anyway, so might as well do something with it. My next buying point is: $1.2 . So, let's ramp things up with some awesome CAKE Trade Idea. CAKEBUSD Technical Analysis: * Elliott Wave Impulse: Cycle a (white) * A-B-C Elliott Wave Correction: Primary A-B-C (red) * Ending Diagonal in Primary C (red) * Bullish Divergence * 88.6% Fibonacci Retracement * 61.8% Fibonacci Extension of Primary A &B (red) * Demand Zone * Double Bottom Early '23 I'm expecting a start of a greater cycle. Good luck HODLers!
CLong
by EW4X