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Divergence

ADAUSD - Upward move coming - 2023!It looks like Cardano it's going to start 2023 well. On the 4-hour timeframe chart(left), Cardano's price is showing Regular Bullish Divergence. The Divergence is indicated by the Relative Strength Index and the Stochastics. On the daily timeframe chart(right), Cardano's price is showing an Oversold condition. The Oversold conditions are indicated by the Bollinger Bands, Relative Strength Index, and Stochastics. Both charts complement each other. The new innovative plans for 2023 are in line with these ideas as well. Enter your long position only if/when the candle closes above the key level and confirms it as a support. All further details are shown on the charts. Good luck!
BITFINEX:ADAUSDLong
by vf_investment
10
5 Important Points About BTC.D🦍BTC.D or Bitcoin Dominance is one of the most important factors for investors to find out, if it is better to keep more Bitcoin in their bag or Altcoins. Don't forget, it's not all you need to make your decision but it's the important one! To make a decision about BTC.D, I've checked multiple parameters on weekly time-frame chart, so we dive deep into them one by one. Let's hit it. #1: Indicators (RSI and MACD) : MACD is showing a bullish divergence on the chart, that means the bearish momentum is getting weaker. It doesn't mean we're going up, but it means if any bullish power happens we can easily go up because Bears are weak now. Let's check RSI on the chart, the RSI is completely moving above a ascending trendline (Yellow line). Until we're above it, then BTC.D is good to go up. It looks like RSI is going to touch it's trendline again, if it does, I'll consider it as an important date to check my altcoins to swap with Bitcoin. #2: Consolidation channel for 1.5 year : This is a very strong and important channel for BTC.D because it has trapped BTC.D inside of it for more than 1.5 year, and many traders have used it to accumulate more BTC. How? Swap altcoins for Bitcoin in the bottom of the channel and the opposite in the top of the channel. Now that we're very close to the bottom of the channel so we have to consider swapping again, from Altcoins to Bitcoin. But be careful, you have to check each of your altcoin's chart one by one before making any decision. #3: Very strong support area (green area) : At the bottom of our consolidation channel, you can see a green area that is the strongest support area in BTC.D history. Because almost every time BTC.D had reached this level, it has forced BTC.D to move upwards. The overlap of this support area with the bottom of consolidation channel makes me seriously consider to swap most of my altcoins (with capital/risk management) with Bitcoin. SO TAKE BTC.D AROUND 40% SO SERIOUSLY. #4: BTC.D All Time Low : It is possible to have a downward fake breakout to 35.4%, because this is BTC.D ATL (all time low). It has happened before, so I'm still bullish on BTC.D unless this area is strongly broken downward. Other than that I believe we're in the BTC.D floor or at least close to it. It means, I prefer Bitcoin to Altcoin for long run as this is a weekly time-frame. #5: Comparing Bulls and Bears : I compared last two waves in the consolidation channel, greens from bottom to top and reds from top to bottom. As you can see on the chart, it took 20 candles (week) for bulls to go from bottom to top and 13 candles for bears to cove top to bottom. It means, in last two waves bears we're definitely stronger than bulls and we didn't see enough momentum in bulls. Although BTC.D is on the floor but my impression is that, BTC.D doesn't have enough momentum to break the channel upwards with one bullish wave. I think we need at least one strong correction in the middle of the road, before upward breakout. This will be my tough about breakout unless we see a super strong momentum when the bulls start pushing BTC.D. I wanted to add something else about this breakout, no matter when it happens, the target of BTC.D will be something around our green area (58%). So that date, will be a good time to check the market to swap Bitcoin for Altcoins. Well, this is my analysis on BTC.D, don't forget this is a weekly timeframe, so it is for long-term investors not short-term traders. Feel free to add up your ideas about my analysis in comment section, I do like to discuss different ideas with you guys to educate ourselves and take the best out of the market.💖
CRYPTOCAP:BTC.DLong
by ArshiaZojaji
13
ALT Season about to start Well, USDT.D. has formed a massive divergence; there could be a last shakeout to eliminate the retail investors. It's a very good opportunity to start buying into some of the altcoins. I believe file, coin, dot, dash, and sushi are nearing or have already reached their bottoms. After breaking out of this massive rising wedge, we will see a huge pump. Today's dump was harsh, and there was a lot of fud about Binance. Binance isn't going anywhere, but I always suggest keeping only 20–30% of your holdings in the exchange so you can trade. So be careful while buying and do not use bigger levers, as leverage is designed to take your profits through fake wicks. There isn't any better opportunity to buy on the spot than now. Good luck, and hopefully next year we will see at least 2-3x in all major altcoins. Also, there is so much fear in the market right now; that's an indication we are much closer to the bottom.
CRYPTOCAP:USDT.DShort
by Bitsleader
3
Divergence + Minor SNR + OrderblockI spot a divergence on 5M outlook, which then price seem to reject as well giving to a possible orderblock entry and as well as a minor SNR level could be into play as well. Although the SNR level is not so much clean but to stand more chance is the Divergence as the dominant Reason. Cons are the price is overall bullish and has just returned from mitigating a price structure and might push more to the upside to mitigate the minor extreme orderblock as AUDCAD mostly does.
Short
by Lavimystic
DIS - Long term support heldA look at the monthly chart revealed that DIS has establised a strong support between 79 - 84 since 2015. This zone has been tested several times (2015, 2016, 2020) and the last time being just recently in the last week of Dec2022. A bullish divergence is seen on it's monthly chart, increasing the odds of a bounce lasting a couple of (monthly) candles. (bullish divergence usually predicts a short term reversal that may last 2-3 candles and does not necessarily predict a longer term trend change). It's probably a good opportunity for long term investors to accumulate at current levels or at any near term dips (as long as it does not breach $79). Bear in mind that it could remain volatile as it has yet to clear above its 200 day moving average. In the unlikely even of the stock breaking below the long term support of 79, then all bullish bets will be off. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:DISLong
by Juliac
AAPL - Will support @ 128 hold?AAPL had been the most resilient among the FAANG stocks despite being in a volatile and toppish pattern for months. However it started to break below major neckline support @ 134 on 19th Dec and then an attempt to break the horizontal support @ 128. It managed to close the month with a weekly bullish pin bar above 128 and a potential bullish divergance is also forming between price and RSI on the weekly chart. Hence a near term bounce could happen but any bounce right now is best viewed with a grain of salt until we can see change in the chart structure Any close below 128 is potential for the bear trend to continue towards 110-115. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:AAPL
by Juliac
2
Oil ready to run?Looks like $OXY is in the mix of a bullish divergence. So lets dig. Look at the lower low on the price it is sharp. It needs to rest the oscillator. Here is the thing, if we can hold above the 0 line on the MACD and start to open up we can see the ticker really run. Bull Case we have a divergence forcing the gap up. I am looking that if there is a gap fill to take it back to the top with the ema as support. We will see what the market have. for continuation it need to blow pass $65. One of those are the entry. Bear case first time above the ema since November with 2 candle open and close. This gap fill will be the beginning of the run back down. We are below the 0 line, there is nothing here to see but read. Break below $62 new lows will follow.
NYSE:OXYLong
by JDTheGreat
⚠️ SPY with OBV in bearish divergence📈 The chart continues with higher funds, but the volume does not follow this movement as demonstrated by the OBV. Which signals a bearish divergence. 🐻‍❄️👎 🤔 I believe there could be a spike just to liquidate the positions, leading to a big trap: 🛑 Furthermore, the OBV has just broken the white dotted line, entering the red zone, overcoming the fall of the Corona Crash for the worse: 🤥 That is, the price is higher than Corana Crash, but the volume is lower... ☁️The market can be manipulated by the big players with their Machiavellian plans and government artifacts, but volume doesn't lie!
AMEX:SPYShort
by andre_007