Divergence
EURAUDAs a student of SMC, there might be a reversal probably by next week.
Divergence happening
market structure formed
major down trend
let's see how the price will react next week. If you have any idea or suggestions, drop a comment down below.
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.
XAUUSD SHORT POSITIONaccording to the chart we can see the rising wedge pattern also price is in strong resistance (1950) and we have a divergence in 4H time frame on RSI
FOLLOW AND SUPPORT FOR MORE
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.
CADJPYThis will be my trade for CADJPY as the current market had made a new pattern on the chart. As a student of SMC, there is a break of structure, and it has a strong rejection on the OB. it may reverse from here. let's see how the price shall react.
if you do have any idea or suggestion, leave down your comment. let's discuss about it
Sail Short DivergenceSail Showing Strong Divergence in Hourly TF
Short Position can be taken here with SL around 89.55
Only for Educational Purpose.
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.
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.
Adobe (ADBE) - Hidden bullish divergence On the chart, we can see a hidden bullish divergence. This means that the price will probably increase in the next coming period. Also, the gap needs to be filled and the earning announcement looks positive, these suggestions are in line with the hidden bullish divergence.
So an entry can be taken when the price breaks to the upside. Take your profits at the targets. All further details are shown on the chart.
Goodluck!
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.
BTC 1W Siglal + Divergence=🤑Look on history how short signal and divergence works together.
Let's wait
Strong SHIB Down Move I Get multi confirmation for SHIB and it will go deep down 28% Next days so i think its the best time to short SHIB
(its not Financial Advice i only Share my opinion if i have any problem in my chart text my to fix it <3 )
Thank you
Shortsqueeze BNB?oh, yes today was a volatile day, while Powell gave his testimony, the market moved a bit up and down.. With the news yesterday, that the increases may continue, the market was in a panic since a few weeks ago It was assumed that there would be no increases. Surprise the Fed did it again. But currently the market must price in .50 and who knows if .75, what I currently expect is this shortsqueeze move and then a gradual fall. Good luck friends.
The Hidden Negative Divergence of BTCWe have already broken rising trends and channels in a short time range.
It seems to have strengthened the effect of MR.Powell's explanations in the fundemental analysis section in the fundemental analysis section, which we have been exposed to in recent weeks and the negative incompatibility of the daily period and the price of the daily period and the relative power index.
As if it were not enough, there has been an obvious hidden negative incompatibility in terms of price and relative power index choice during the weekly time interval.
I think that the decline will last up to $ 18.500 and we can start to focus on the $ 12-14K band depending on the reaction it will receive or get from those.
#NVDA looking toppish with some serious bearish divergenceNvidia starting to look toppish here with bearish divergence forming on both the MACD and RSI off the top off the parallel channel. Trying my luck here for a move to close the gap between $207 to $211.
BTC TREND IS BEARISH IN 1 HR TFBINANCE:BTCUSDT IN 1 HR TF BTC shows bearish trend but Bullish Divergence shows in RSI.
Bearish Divergence on Weekly TimeframeThere is a very serious negative divergence already present in the weekly timeframe. If it works, a possible catastrophic decline seems inevitable. If we fall to the target levels, I do not think that the support levels at the technical target can hold the price.
BTCUSDT - Wanna go hit the fence?We've seen an amazing push in BTC and in crypto in general but, I don't know, I can't believe that the bottom is in yet, looking at the actual situation.
It doesn't seem like the market is in risk-on mode quiet yet, so anyhow, I'm going for a small short on BTC, back to previous level @ 22500. Sorry I didn't show it before, I'm in since the wick we've had a couple of days ago on H8 as you can see with my position
But here is the situation with BTC, after a big push we're starting to see what looks like a double top, with a divergence on oscillators on higher timeframes. The price recently broke under 23500, which appears to be a strong level. It poked the 22750ish level, before to go and retest the 23500 area. I was then watching for price action to go short, aknowledging that we were at a trendline, and that price actually reacted to the 3rd touch of the trendline but, not much follow trough and, looking a the macro, I'm bearish BTC for now.
It's tight, I'm definitely babysitting this one untill it leaves my level, but, price action gave me enought reasons to enter this short term trade, so, I did.
Cheers everyone and as always, trade safe!!!
"Swing Trading COIN: Bearish Divergence and Golden Pocket Setup"Confirm bearish divergence on RSI: Wait for a clear bearish divergence on the daily RSI chart for COIN .
Watch for a break below the 50 EMA: Keep an eye on the price action and volume to confirm a break below the 50 EMA. Volume increasing as it breaks 53.66 could signal a stronger bearish move.
Enter short position: Once the break below the 50 EMA is confirmed, consider entering a short position at a price level slightly below the 50 EMA. Set a stop-loss order at 58.10 to minimize losses if the price moves against the trade.
Set take-profit level: Set a take-profit level at 44.62, but consider taking into account the whole golden pocket between 52.78 and 43.78. The golden pocket is a Fibonacci retracement level and could act as a significant support level.
Monitor the trade: Monitor the trade closely and consider moving the stop-loss order to a trailing 5% once the trade is 15%+ in profit. This can help protect profits in case of sell exhaustion. Also, consider oversold levels as the price approaches the profit target.
Note: This trade setup strategy is based solely on technical analysis and does not take into account any fundamental factors that may affect the price of COIN. It is important to conduct further research and analysis before making any trading decisions, and to only risk an amount you are comfortable with losing.
How to Trade With Relative Strength Index (RSI) Indicator
Hey traders,
Relative strength index is a classic technical indicator.
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change.
Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it with the following tips:
💠First of all, let's start with the settings.
For the input, we will take 7/close.
For the levels, we will take 80/20.
Then about the preconditions:
1️⃣ Firstly, the market must trade in a trend ( bullish or bearish )
with a sequence of lower lows / lower highs ( bearish trend ) or higher highs / higher lows ( bullish trend ).
2️⃣ Secondly, RSI must reach the overbought/oversold condition (80/20 levels) with one of the higher highs/higher lows.
3️⃣ Thirdly, with a consequent market higher high / lower low, RSI must show the lower high / higher low instead.
➡️ Once all these conditions are met, you spotted RSI Divergence.
A strong counter-trend movement will be expected.
Also, I should say something about a time frame selection.
Personally, I prefer to apply it on a daily time frame, however, I know that scalpers apply divergence on intraday time frames as well.
❗️Remember, that it is preferable to trade the divergence in a combination with some price action pattern or some other reversal signal.
Let me know, traders, what do you want to learn in the next educational post?
Descending Triangle + Bullish Divergence = ConfluenceHi All,
On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.
There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.
Feel free to leave feedback on the idea
Blockbullder.
Bitcoin The Bearish JustificationSomething about patience that I dont have? It's possible I am reading the weekly discrepancy for the stochastic RSI wrong ? Even a move towards 25.3k again doesn't change much on a larger time frame. Divergence ? Patience?
