Bitcoin short-term view - bullish divergence for recoveryBitcoin short-term view - bullish divergence for recovery
After the second leg down as I predicted we see a bullish divergence on this 1h chart
Picture will get more bullish when BTC breaks $30.630.
For further downside moves $28.728 is next price action support.
Any comments on that?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Divergence
MSFT MSFT is still bearish so any bullish trades need to be quick with trailing stops to capture gains.
MSFT presented a bullish divergence that suggests a reversal.
I jumped in after the bullish divergence and as soon as the MACD crossed over to green.
The additional confirmation of the trade is now that the MACD is going bullish above 0 and the RSI is crossing the 50 mark. Bearish vol on the 4hr is still weak - but watching for a signal to exit and save gains.
My plan for now is to see how 50MA affects the pricing and if RSI can reach overbought to signal an exit.
AMZN bullish divergence with RSI confirmationAMZN on 4H formed a clear bullish divergence with lower lows being formed in price action and higher highs in the MACD. This can also be considered a double bottom. (possible reversal)
I was late to jump but entered at 2182.70 and holding especially as RSI crosses the 50 mark and suggests a bullish trend.
AMZN has been bearish and for awhile, so will be careful to look out for weakening of this small trend.
Planning to hold till either MACD crosses over and/or RSI becomes overbought.
#Bitcoin short-term view - above SMA200 but bearish divergence Bitcoin short-term view - above SMA200 but bearish divergence
BTC also broke the resistance trendline channel but with low volume.
Overall not really too bullish IMO. Suggest to wait and watch.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
AXS is gonna Reach 3$ (or is it?)AXS is in a Rounded Top. The Price is in Big Trouble,because The Price Is in a BIG bearish Pattern (Weekly Time Frame) .The Price can Decrease as Much as The Length Between the Top and the Bottom of the rounded top and fall to 3$. BUT there is a Regular Bullish Divergence on MACD which will Make Us doubt This Movement. There is a Slight Chance that the Price would Obey this Divergence Instead of the Pattern which We Talked about. So we Can also Rely on a Bullish Scenario as well. But The Break out MUST Happen which is gonna Take a week or two for Us to come to a Conclusion about This.
-AXS is in a Rounded top
-The Price can Fall to 3$
-Weekly Timeframe
-(+RD) On MACD
-The Price Might Become Bullish.
-wait a week or two For a Conclusion.
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Thank you for seeing idea .
Have a nice day and Good luck
EURUSD Bearish Open, Bullish CloseI think we'll see a bearish start to the day. But that initial breakout will only complete the retracement we saw last Friday. The real money's to the up side. Stochastic is showing bearish divergence going into the London open. Long traders be cautious! it might be safer to wait for a break of structure down towards demand. See my weekly projection below for more on that. I'm currently in short looking to trade the breakout. I'll keep you updated.
Ethereum Daily Bulish DivergenceHey everyone,
you wanted to see ETH/USD view ? Nothing Special ? Huh ... Well here is one :)
Been a while since I opened leveraged short position on ETH based on Weekly chart seen below
We allready scoped ETH on Weekly month ago but this time I see exact oposit of previous Weekly bearish divergence actually on Daily timeframe which is bullish Divergence
Divergences are good way for smart investing on Daily/Weekly charts
It takes a long time but the odds are on the proper R:R side
*** I sold the 4K range to load in sub 3K. I´ve added major positions at 2200 range and I feel like its time to add more now
We at 2K that is a 50% Discount and I´m going back all in
Chachain
KEYWORDS
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BTC can Get Above 60k in MIdtermIf we Look at Bitcoin In Bigger Timeframes Like Weekly, We can See that the Price is in a BIG Broadening Wedge Pattern.This is a Good Pattern and Since the Price Haven't Managed to Break the Pattern, It means It is Still able to Range in This Pattern. The Price has touched The Bottom of this pattern Last week and now Is Near it. The Bullish Chance Is Pretty High Since We can also See a Regular Bullish Divergence On MACD as well (+RD) Which is another Reason For BTC to Become Bullish Pretty Easily. The Price in Midterm Should get Back above 60K.
-BTC is in a Big Broadening Wedge(Weekly Time Frame)
-The Broadening Wedge is still Reliable (No Break out yet)
-Price is near the Bottom
-(+RD) On MACD
-It can Get above 60K in Midterm
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Thank you for seeing idea .
Have a nice day and Good luck
ZCASH Can Become Bullish Even In This Bearish PatternIf We Observe ZCASH in Bigger Timeframes like Weekly, We can See That the Price Is in a Big Descending Triangle! So you Might Think to yourself that the Price is gonna Decrease,But there is a Bullish Sign as well! There is a Regular Bullish Divergence (+RD) On MACD which will Determine our Calculations. The Chance of being Bullish Is High So we can Safely Say that the price will Increase Soon & WILL break the Triangle. The Next Possible Resistance is around 280$.
-ZCASH is in a Big Descending Triangle (Weekly Timeframe)
-(+RD) On MACD will Change the Situation
-Price will become Bullish
-Resistance at 280$.
NZDCHF Sell Opportunity - Stock decline coming up tonight Illusion - Stocks have recovered and all our problems are over.
Reality - This is a deep retracement and it means the sell off is going to be stronger. The NZDCHF bull run has come to an end and there is a M15 pattern to short.
H4 divergence present although not overbought
M15 divergence present
Wed 18th May 2022 GBP/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Buy. Enjoy the day all. Cheers. Jim
Wed 18th May 2022 EUR/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Buy. Enjoy the day all. Cheers. Jim
Wed 18th May 2022 AUD/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/USD Buy. Enjoy the day all. Cheers. Jim
Wed 18th May 2022 AUD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Buy. Enjoy the day all. Cheers. Jim
SPY- Potential Reversal (Update- Bullish)Following a massive head and shoulders forming, the SPY has seemingly found a bottom. Watching closely for a potential bullish reversal here as there has been quite a clear shift in momentum the past few days. The SPY is forming an inverse head and shoulders on the hourly timeframe (Not Pictured, while also forming a massive bullish harmonic pattern as well as a bullish ABCD Elliot Wave on the 4-hour timeframe (See attached chart below). This is accompanied by bullish divergence on the RSI as well as a clear increase in buyer volume relative to seller volume. Still treading lightly at the moment given broader economic conditions and very possible rate hikes by the Fed coming, however, am leaning more towards bullish than bearish at the moment. Staying hedged & scaling into long-term buying opportunities. Just some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime - (Previous Charts Attached Below)
-- 4-Hour Timeframe --
-- Previously Charted --
JasmyCoin Jasmy - can bullish divergence help to pump?JasmyCoin Jasmy - can bullish divergence help to pump?
Not that likely as normal under current FUD mood IMO - but bullish divergences like this have to concern all bears.
Do you hold this crypto?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Microsoft Stocks will be BullishMicrosoft's Stocks is in a Descending Channel and Now the Price is at the Bottom of that Channel. The Price Will Start to Increase to the Top of the Channel Pretty Soon because the Fact that It is at the Bottom of the channel, makes it enough Reason to Increase and also we have a Regular Bullish Divergence on MACD Indicator as well Which is also another Reason for Us to Think about Bullish Stuff!
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Thank you for seeing idea .
Have a nice day and Good luck