btc breakout happening as we speak, double div up to 108kbtc chart - double 4h div into breakout, i think is good chance for blaster
Divergence
BTC Expanding Triangle Whipsaw Pattern (Elliott Wave)The last few weeks on BTC have formed a huge whipsaw pattern, constantly faking out in each direction. This is common for an expanding triangle pattern, and this current triangle also has very good time relations (and lack of fibonacci price relations). Wave-e also broke beyond the a-c trendline as is standard for expanding triangles.
Last week I said that we'd get one final run up to the highs and BTC would double top while some alts made new all time highs. This is exactly what has happened, and based on this expanding pattern, as well as the longer-term chart that I published in December, I believe the top is in for the rest of the year.
The next move down should be extremely large and violent, probably ending somewhere around $30k towards the middle of this year. The b-wave recovery after that will likely be slow and followed by another c-wave before we finally end this major correction sometime in 2026.
S&P500 & US30 Active DivergenceDivergence does not always have to be observed through the lens of a lagging indicator. Closes do provide powerful signals as to when a move is likely to reverse direction. They also allow us to enter with a smaller risk.
Lets first compare the previous swing lows marked out on both charts (dotted orange horizontal line) on the 20th Dec 2024. Zoom in on the white arrows! What do you see with the closes?
Now focus in on the S/R zone in purple. Notice that the block width is created from the highest high and the highest low of the same swing. These are very important inflection points from which to compare closes when observing divergence between both instruments.
Now observe the yellow arrows!! What do you see with the closes when comparing the S/R zone in purple?
Now look at the yellow UPWARD diagonal median line of both purple pitchforks . have they both touched the same median line? Yes or No? perhaps another line confirming divergence?
As an additional confirmation the market has touched the upper line of both light blue DOWNWARD pitchforks on both instruments with the current candle
Lets see if we get the reversal.
Cheers
EUR/USD Trade Plan Summary - Reversal
Entry: Place a Buy Stop at 1.04355, confirming a breakout from the falling wedge.
Stop Loss: Set at 1.01702, below the recent lower low to limit risk.
Take Profit: Target TP1 at 1.06993 and optionally TP2 at 1.09253 for extended gains.
Confirmation: Wait for a daily candle close above the wedge before activating the trade.
Risk Management: Risk 1-2% of capital and adjust position size based on the entry-to-SL distance.
The last bullish chance of MYRO in short term!Price has created a divergence on the 4-hour time frame which can raise the price to the middle of the wedge in the short term.
Give me some energy !!
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Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
potential div h4 eth, long from 3210an idea i've had for eth, aggresive dump and fud at the bottom, potential div forming which has given me confluence for my blind market long
Why I think UNI can be bullish despite the bearish pattern!BINANCE:UNIUSDT
UNI is in a bearish pattern(Descending triangle!) but I think the price will increase cause I see some bullish stuff going on:
1-Bullish divergence on MACD
2-0.618 (61.8%) of the Fibonacci retracement shows a positive reaction for UNI so this might be a turning back point for it!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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FARTCOIN Analysis - What Shall we Expect !!!The price has formed a wedge, and if the wedge breakout is confirmed with the daily candle closing, it can be said that the price will be bearish towards the 0.618 Fibonacci line. After that, if good volume enters, it can be said that the price may be bullish; otherwise, the price can be bearish down to 50 cents.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NEAR can ascend further!The price has faced a volume shortage after breaking the ascending triangle, which is well indicated by the divergence and volume. Technically, in the first scenario, the price can drop to the support line of the triangle and then reach the 0.618 line, or it may fall below the support line of the triangle and reach the 0.382 Fibonacci line, causing traders to get liquidated as usual, and then price rise up.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETH Zigzag Short Setup (Elliott Wave)ETH has created a perfect zigzag pattern, with a triangle for wave-B. Since wave-B is a limiting contracting triangle, wave-C should relate to wave-a of B by 100% in price, and end around the apex of the triangle timewise. Both of these requirements have been perfectly fulfilled, and the standard time target of (a+b)/2=c is also satisfied.
On top of this wave pattern, we also have the first wiseman forming on the 4hr, as well as momentum divergences on multiple shorter-term charts. At the higher timeframes, ETH and BTC have both hit long-term fibonacci targets, time targets, monthly/weekly/daily wisemen, and momentum divergences. All of these long-term and short-term signals and wave patterns are indicating a potential long-term top, and at the least a significant pull back to new lows.
The 4hr wisemen on ETH gives us a good way to minimize our risk on this trade by putting our stops at today's highs. From here, we should quickly retrace all of wave-C faster than it was formed to get confirmation that the zigzag is over. After we have confirmation, we can be very confident that we are heading to new lows and will probably end this wave somewhere around $3,090 to $2,770
VIRTUAL IS BEARISH !!!!The price is in a wedge, and if it breaks the wedge, it can drop to the 0.618 Fibonacci line. Also, the bearish divergence in the RSI strengthens this signal.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Decoding Reversals: Technical Analysis of ONGC: Educational postEDUCATIONAL POST
Technical Analysis of ONGC Stock
This post is for educational purposes only and should not be considered as investment advice.
In this post, we'll analyze the ONGC stock chart using technical indicators.
Key Points:
1. Bullish Divergence: Price and MACD are diverging, indicating a potential reversal.
2. Bullish Divergence: Price and RSI are also diverging, supporting the reversal idea.
3. Resistance Breakout: The stock has broken through a key resistance level with strong volume.
4. MACD Turns Positive: MACD has turned positive after the breakout, confirming the reversal.
5. Elliott Wave Counts: Wave counts suggest a potential reversal.
What to Expect:
Based on these indicators, we can see a potential reversal in ONGC's stock price. It may retrace to Fibonacci levels (50-61.8%) before continuing upward.
Conclusion:
This post is meant to illustrate how technical indicators can be used to analyze a stock chart. Please do your own research and consult with a financial advisor before making any investment decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Not enough lows amid friction dense marketsRate of return is still bullish but rate of friction is bearish. This lead to stronger bearish market to normalize returns.
Catch Big Reversals Like a Pro Using the GOLDEN RSIHow to Catch Market Tops and Bottoms Using the GOLDEN RSI Indicator
Trading market reversals can feel like a daunting task. But what if you had a secret weapon to help you identify tops, bottoms, and potential reversals with ease? Enter the GOLDEN RSI Indicator—a custom-built tool designed to revolutionize your trading strategy. In this tutorial, I’ll show you how to leverage this powerful indicator to spot reversal trades like a seasoned pro.
What is the GOLDEN RSI Indicator?
The GOLDEN RSI builds on the traditional RSI (Relative Strength Index) by adding optimized zones and visual signals that highlight potential bullish and bearish reversals. Unlike the standard RSI, which requires subjective interpretation, this indicator provides precise entry and exit signals by visually marking key market conditions.
How to Use the GOLDEN RSI to Catch Market Reversals?
Understand the Key Zones:
Overbought Zone (Above 80): Signals a potential market top or reversal from bullish to bearish.
Oversold Zone (Below 20): Indicates a potential market bottom or reversal from bearish to bullish.
Neutral Zone (60-40): Consolidation phase where trends are less decisive.
Spotting Bullish Reversals
When the RSI dips into the oversold zone (below 20) and begins to reverse upward, the GOLDEN RSI will highlight a Bull signal. This suggests a potential upward move, ideal for long trades.
Pro Tip: Look for confirmation with price action, such as a bullish candlestick pattern or a break of resistance.
Spotting Bearish Reversals
When the RSI climbs into the overbought zone (above 80) and starts to turn down, the GOLDEN RSI will mark a Bear signal. This indicates a potential downward move, perfect for short trades.
Pro Tip: Combine with chart patterns like double tops or bearish engulfing candles to strengthen your confidence in the trade.
The Hidden Power of Divergences
Bullish Divergence: Price makes lower lows while the RSI makes higher lows. This signals potential bullish momentum.
Bearish Divergence: Price makes higher highs while the RSI makes lower highs. This signals potential bearish momentum.
The GOLDEN RSI visualizes divergences clearly, so you can spot them effortlessly.
Use Risk Management Tools
Set stop-loss levels below recent swing lows (for bullish trades) or above recent swing highs (for bearish trades).
Use risk-reward ratios of at least 1:2 to maximize your profit potential.
Real Trade Example Using GOLDEN RSI
In the SPX 15-minute chart above, the GOLDEN RSI accurately identified:
A Bearish Reversal near the market top, as the RSI entered overbought territory and started to fall.
A Bullish Reversal as the RSI dipped into the oversold zone and recovered upward.
These signals allowed for precise entry points, minimizing risk and maximizing rewards.
Why the GOLDEN RSI is a Game-Changer
Unlike generic RSI tools, the GOLDEN RSI is designed with traders in mind. It eliminates the guesswork by providing visual cues for market reversals. Whether you’re trading stocks, indices, or crypto, this indicator is a must-have in your toolkit.
How to Get the GOLDEN RSI Indicator?
Want to try it for yourself? Head over to TradingView and add the GOLDEN RSI Indicator to your chart. Use it alongside your favorite price action strategies to take your trading to the next level.
Conclusion
Reversals can make or break a trader’s portfolio. By mastering the GOLDEN RSI, you can confidently spot market tops, bottoms, and reversals with precision. Start using this custom indicator today and watch your trading results improve dramatically!
Don’t forget to like, share, and follow me on TradingView for more tutorials like this one. Let’s catch those reversals together!
#AVAX #AVALANCHE 2025 TARGETSBased on what we see on the three-year chart of AVAX, the uptrends of this currency are also created on parallel trends. The last time this trend level was touched was on November 3, 2024, and we are currently observing a hidden divergence on the MACD indicator. Therefore, we can expect the next uptrend for AVAX to begin soon. The price targets are:
1- 60$
2- 84$
3- 123$
4- 205$
STOPLOSS: 29$
Big bullish move incoming for EOSBig ascending triangle forming with strong hidden bullish divergence. Enter as close to the bottom trendline of the triangle as possible. Targets are on the chart.
Still depends on BTC price moves but with dropping BTC dominance the effect of BTC on alts is diminishing. With BTC price action currently turning bullish I think this will play out quite nicely!
Trade safe!
SILVER Outlook after the Dip. What to expect NOW?As you can see, the price has repeatedly hit the trendline and then increased. This time, the same situation has occurred, so the trendline can be relied upon. Additionally, a hidden bullish divergence is visible, indicating a potential price increase.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC- bearish divergenceBearish divergence on weekly = more downward movement expected. Trade with care.
S&P500 Weekly - Toppy SituationDivergence between price and the RSI oscillator, and between price and the MACD oscillator indicate that the current situation going into 2025 is a toppy one. One might consider watching these oscillators and being on the lookout for a shorting opportunity or a bullish resolution of the divergence (less likely) through Q1.
US30 Short Idea based on monthly-minute breakdownAfter thorough breakdown i see US30 diverging in the weekly & hourly TF, after that I measured the daily-weekly moving average and concluded that it has finished the average pip movement before usual daily retracements. So after deciding it will be bearish I’m looking for a bullish retracement in the 1min-15 min TF to the 45100 area where I’ll be looking to place my SELLS. TP targets have been set from TP1-TP6 (Make sure to set to break even after TP1 hits if deciding to swing trade). Bulls usually control December so I did mark up the possible bullish scenarios from the 1st 4 TPs. Let’s see if US30 can FEED US !!
$REGN LongThis is just my observation, but not an advice.
Technical:
REGN touched its two strong trendline since 2020 and 2021.
REGN reached the 50% correction since 2020.
REGN is oversold daily and weekly.
A significant divergence is observable on daily chart.
Price touched SMA 200.
Fundamental:
P/E: 16.9x (moderate undervalue)
Since last ATH NASDAQ:REGN has come up with wide ranges of successful clinical trial outcomes. Nonetheless, prices dropped due to competitive pressures on Eylea.
Last week, after significant clinical trial results of Odronextamab and Poze-Cemdi, the market moved up. However, the price slid after the BoA's PT revision.
Analyst sentiments: 17 buy, 7 buy, 1 sell (BoA)
The long possibility is high from now on.
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
DXY 1W Forecast until March 2025Consolidation below 106 will last until October 2024.
Breakout will happen in October peaking at 111-112 followed by a retest (mid November 2024 - January 2025).
Further upward movement + correction will happen in January-March 2025 between the top of 113-114 and the bottom of 105-ish.
Consecutive HH and HL will be followed by rapid increase in pace of changes: time will shrink and levels will expand.
This will mark the start of hard times of Greatest Depression in March 2025 sending all markets down and making USD the king.
