Get started

Divergence

Usage of OBV, RSI and Volume1. Combination of PVA is very interesting and powerful tool that we can used to predict the price trajectory. 2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market). 3. This is my analysis on the stocks: a) Price making lower low and retesting a major trendline. b) Low volume while retesting the trendline c) A bullish divergence is shown in RSI indicator d) A bullish divergence is shown in OBV e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
MYX:LAYHONG
by MeggsyLopez
Bitcoin's Small Upside Potential Amid Stock Market DownturnAs the stock market experienced a significant downturn today, Bitcoin continues to show signs of strength, defying traditional market trends. The wave master indicator on the 4-hour timeframe suggests that Bitcoin may be on the verge of a final upward move. In this write-up, I will explore the potential impact of this move on Bitcoin's price, altcoins, and market dynamics while also discussing key factors that could influence the cryptocurrency's future trajectory. Bitcoin's Upward Momentum According to the wave master indicator mixed with a little Fibonacci sauce, Bitcoin is poised to make a move towards the $29,400 target. This bullish trend could be attributed to the resilience of the cryptocurrency market despite the stock market's recent decline. If Bitcoin successfully reaches this target, it may open the door for altcoins to gain traction and benefit from the increased interest in digital assets. Bitcoin Dominance and Altcoin Opportunities Bitcoin's dominance recently approached 50% before retreating slightly. However, a move closer to the $30,000 level could result in Bitcoin's dominance reaching the 50% threshold, which would increase the likelihood of altcoins experiencing a surge in the next two weeks. As a result, investors and traders should keep a close eye on the Bitcoin dominance indicator to identify potential opportunities in the altcoin market. Full Moon and Bearish Divergence While the wave master indicator points to an imminent upward move, it is essential to remain cautious. Full moons (such as the one on April 6th) have historically coincided with increased volatility in Bitcoin and other financial assets. Furthermore, the wave master indicator is beginning to show signs of bearish divergence, which may indicate a potential price reversal after one more higher high. Reducing Risk and Realizing Profits Given the current market conditions and potential risks, it is crucial for traders and investors to prioritize risk management and consider realizing profits when opportunities arise. Taking profits off the table while leaving some room for further price action can help protect gains while maintaining exposure to potential future growth. Despite the recent downturn in the stock market, Bitcoin appears to be maintaining its upward momentum for now, with the wave master indicator suggesting a possible move towards the $29,400 target. This development could have a significant impact on Bitcoin's dominance and the altcoin market. However, it is essential to remain cautious due to potential volatility around the full moon and the emerging bearish divergence. As always, risk management and profit realization should be top priorities for those navigating the cryptocurrency market.
by bitdoctor
KBE: S&P500 / BANK RUNS / RSI / MACD / DIVERGENCE / BANK CRISIS DESCRIPTION: The chart above shows a relationship between KBE & SPX which is important for the current ongoing banking issues. KBE is a BANK ETF that reflects the overall performance of the banking sector in the United States. At the moment there is a major discrepancy between KBE & SPX value. Normally there is a consistent relationship between the banking sector performance and SPX value but one will have to give in eventually. POINTS: 1. Deviation is 6.25 Point difference & represent crucial points of control for price action. 2. Vertical Orange Lines represent peak price action for S&P 500 & KBE before correction. 3. AVERAGE CORRECTION OF 12% ON KBE DURING BEAR MARKET. RSI: Overextended from RSI AVERAGE banking sector can see some pullback in the coming days. MACD: Currently in EXTREMELY OVERSOLD TERRITORY on MACD FULL CHART LINK: www.tradingview.com AMEX:KBE SP:SPX
AMEX:KBEShort
by DGSTBROKERACC
AUD/USD 1H Technical.Recently there was a bearish CHoCH made on the 1H time-frame for AUD/USD. We might see double sided trade opportunities potentially. Reason for potential long entry; We see that the price recently was consolidating the past days, we might see a jump from the Order block that the price is right now and filling the FVG recently made, retest the S/R area and continuing the consolidation trend by moving up. Reason for potential short entry. The price broke the recent Support level at 0.66550, me might see the continuation of the bearish trend because it was recently discovered a "Change of Character" . It might potentially move lower after retesting the 0.66550 Resistance level (previous support). By any means, moving the price below the Anchored VWAP line and strengthening of the US Dollar, we might be looking for shorts. REMINDER; Always make your own analysis and before taking any kind of trades, make sure you have a solid confirmation about the move that your willing to take. FUNDAMENTAL REMINDER; Watch out for the interest rate decision on 22/03/2023. It will have a really important impact on the US Dollar. Looking forward for your comments on this idea.
by RumbaCash
BTC - Where we've been, and where we're likely headed.What an exciting ride it's been in Macro Markets lately! If you're into S&M; that is. I've long said, thanks to Luke Gromen, BTC is our best Liquidity Gauge in markets. And BTC hasn't failed us this time either. It sniffed out a change in tides, well before any other asset in markets. Where we've been.... 1) BTC on the Weekly chart puts in a beautiful, textbook "Bullish Divergence". 2) BTC closes on the Weekly, above the Kijun, and with High Volume (Green candle, not color, the 'g' below it; indicating high volume and high price movement : Bill Williams theory) 3)BTC breaks above the Descending Forecast Line (Orange Dotted) from our 69k ATH! This is HUGE. I took profits on Longs here, as generally speaking, the first touch of a Forecast Line rejects. We proceeded to grind down the Forecast Line (on the upside of it), and this week have broken back out to the Upside, consequently also breaking through the new Forecast Line made by our original piercing/pullback of the 69k Line. This is all beautifully Bullish, and as I said...was indicative of BTC sniffing out a Pause/Pivot/Trouble in the FED's "tightening" scheme. It will definitely be interesting to see what Powell does re: Rate Hikes in a few days. So here we are, breaking through many "resistance" areas, and now sitting just below this very thick Cloud. A pullback to the Ascending Forecast Line (from the 15,xxx Lows) would not surprise me, and would likely represent a perfect Buying Opportunity (currently 19,2xx and rising). Where we're likely headed.... 4) The 32-33k region has a very flat Kijun and SSB, a likely candidate for a Target on running Liquidity/Pausing/Resistance. 5) The current Monthly Kijun as well as ~~Weekly SSB around 42,2xx would be the next higher target. 6) Followed by the 69k ATH Monthly Forecast Line (Red Dotted Descending) currently > 50k and descending. Unless Global Macro forces change suddenly, and the FED decides to ramp rates much higher ( I don't see this happening ), I see Medium to Long Term upside for BTC, and Dips are for buying. As always, good luck, have fun, and practice solid risk management.
BITSTAMP:BTCUSDLong
by mrjones2020
EURAUDHi EURAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
ROSE LONG Reasons to be long on rose/usdt . With a huge bullish divergence on the RSI 1H time frame . Bullish order block . Oversold RSI H1 Unfortunately for altcoins they don't usually move independently of BTC, especially when btc is bleeding it causes alts to bleed even more. With this in min this is a great long opportunity for a swing trade back up to local highs, however if BTC decides maintain its SFP (swing fail pattern) then a stop loss under the most recent higher low would confirm bearish structure and the trade has failed.
Long
by ProR35
GBPAUDHi GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Long
by HamidRamezani1992
1
BTC bull run has started!!! BTC rally to new ATH from May 2023!!Dear community and my loyal followers. I would like to share one of my best analyses which proves all my analyses have been posted since 2022 June . I'm looking at monthly timeframe. As you see on the bellow indicator, after consecutive green columns when price created equal highs, a grey column appeared on monthly & marked BTC bottom + a new bull run start. After 1st grey column the last green column appeared & price dumped and tested the base of the structure, 2 months later the price bounced above equal highs and BTC started its rally to new ATH)) Where is the price now? in 2015 BTC dumped 12.19% bellow the trendline with the wick but candle close above it. I expect the same 12.19% dump bellow the trendline at the current moment hitting the orange line/almost 18K/ could be +-300-500$/. I expect the price to go below the trendline and test my main zone 17.5-18.5K zone with the candle close above the trendline. I inclined that the same scenario repeats this time and BTC will be above 25K on 1st May when 2d grey column appears & BTC starts its rally to new ATH. Don't forget that the same 2015 scenario happened couple days ago when BTC reached 25K/ Check my previous analyses titled BTC Super Guppy's super prediction)) 24-25K then 28-30K or 19K & Will BTC repeat this identical pattern as it did in 2015?. Also please check my previous analysis posted before this one/ BTCUSDT !! My ideal BTC scenario for coming days and weeks./ and pay attention to comments where you can fine more than 5-6 proofs about BTC bottom and a new bull market start. Don't forget to like, share, comment, and follow please. I will appreciate any single comment.
BITSTAMP:BTCUSDLong
by ergal91
4