Short postion for long time of BitcoinHello, guys, in Daily timeframe, I believe that Bitcoin want to soon to drop of the price in Daily, there are 4 reason why put hort position in long at the price of $9700 USD, so, in my case from yesterday my short position is $9,686 USD. So, in the Daily, we have a bearish divergence in the RSI, and the price action has advising us a possible drop of the price until the zone of $8,200 USD. So, wow, this is an great opportunity to put in short for lojnger from $9,750 -$9,650 USD until the $8,200 USD. And the target profit is $8,200 USD approximately, but always and when the Bitcoin show us a bearish candlestick, chart pattern validated and use the bearish price action to following in short.
Now, Macd also doesn't have force to continue up, expecially the fourth rejection of the zone of $10,300 USD, this is a liquidation of long, so my trades, i believe that it's a movement what Bitcoin want to change the trend, especially in Daily timeframe, we have in the bearish rising wedge, and so this mark in blue, this is a possible proyection of waht Bitcoin do in the next days.
Well, also, I find up that Bitcoin is the zone of Distributtion, because if you see this indicator Acumulation. Distribution, we see that the force to continue up is ending. So, look below in the H4 timeframe
Divergences
Potential long opportunity for THETA:BTC.Ichicloud still thickly bearish in the 1hrly though.
Price now at the 61.8% Fib retrace after retracing ca. 53%.
CYBER ENSEMBLE triggered a blue Buy signal.
PRISM Oscillators Set Analysis:
pRSI Stochs in the oversold state.
Bullish divergence in the pRSI, as well as pRSI about to cross bullish above its 30 VWMA.
Momentum already in the positive, pulled up by the bullish Acceleration/Jerk-Ribbon; which is in turn sustained by the positive (yellow) snap-oscillator.
Summary:
Buying if price holds above the green 50 SMA, and the red 21 EMA crosses above the green 50 SMA.
USD/JPY Short On Friday November 15, 2019 there was an established downtrend for USD/JPY. In fact, within the activity of the following price action, there were clear signals of a trend reversal. I took the liberty of pointing out some obvious cases of hidden bearish divergence and also regular bullish divergence. These two indicators pointed out an overall possible reversal. Bulls are exhausted. Warning of possible trend direction change from uptrend to downtrend.
AUD CAD looking interesting for a SELL setupThe price in the making of triple top in the 1 hour chart. Waiting for the price to crack below neckline and pull back to retest.
The price was in a short term up trend in 1 hr chart, also nearing the top of the descending channel in the daily chart. It then broke the upward channel to retest it again to possibly form the triple top.
Also, regular divergence is spotted in the 1 hour chart against the short term up trend.
Confluence exists wiht the higher time frames. Both daily and weekly charts showing bearish price action.
All of the above reasons points towards a possible SELL setup.
Key is to wait till the price falls below the neckline in the 1 hr chart and retest it to confirm a SELL entry.
RSI Hidden Bullish Divergence on BCPTBTC [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy BCPT and enter a coin that just started a strong uptrend.
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20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
BTC/USD - Daily - Nice consolidationDaily :
-Doji close with higher volumes than previous bearish daily session
-Rejection from 9400 support, which is a good VPVR level since early-2018
-MA-EMA 30 still ok
-RSI hidden bull div on the edge of confirmation
-Golden cross MA 50-200 into weekly bull context
4h :
-RSI hidden bull div + bull div to consider
-Two bear trials rejected from S1 weekly support
I'm still long until 13k, which is the yearly R1 pivot.
Mo Momo, yoInterested in buying under $33 and taking partial profit at $57, or long term options.
Amid China's current nCov 2019 epidemic, it seems that the internet/social media based companies are handling things well.
There is a lot of open interest for puts 30-35 on options a few months out. Considering their top holder with 14 million shares is Black Rock and MOMO is backed by Alibaba, I am near certain the puts are merely hedges for their positions should MOMO not be able to reclaim price above $40.
Here is a copy paste from Yahoo Finance:
"Momo Inc. operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live talent shows, short videos, social games, and other video- and audio-based interactive experiences. The company also operates Tantan, a social and dating app to help its users to find and establish romantic connections, as well as to meet interesting people primarily for young mobile Internet users. The company was formerly known as Momo Technology Company Limited and changed its name to Momo Inc. in July 2014. Momo Inc. was founded in 2011 and is headquartered in Beijing, the People's Republic of China."
Social media is the future.
And this has to be one of my most favorite bullish trading patterns:
CHFJPY Set Up...Be ready to short. My technical analysis points towards big bearish movement, but we wont chase it. instead we will wait for a retest as shown and after clear rejection we can sell. DO NOT continue this plan if the novel corona virus gets very very serious!
. 0.5 Fib rejection
. bearish divergence
these r examples of why I feel it will drop.
Bitcoin RSI Tells the StoryExactly 30 days of Bullish divergence from the Relative strength index in correlation to the price action shows why Bitcoin is increasing exponentially. Unfortunately on the 4 hour time frame there is Bearish divergence forming. Therefore a few days will turn into a week of bearish divergence and we will see where the price goes.
Is Ripple about to skyrocket?There are several signs that indicate a huge Price-Jump for Ripple/BTC (XRPBTC).
We see multiple Divergences on the weekly Chart. There are some bullish Divergences and a bearish one as well. These Divergences are based on MACD/ CCI vs. Price.
In September 2018, right after a bullish Divergence , followed by a Trendline-Break and a MACD/ Signal-Line-Crossing , Price was peaking up to the yearly Pivot-Point.
One year later, we see again a strong bullish Divergence . The Trendline was already broken and MACD crossed the Signal-Line . This time there's an additional confirmation of the bullish Signal: RSI was very oversold and is starting to recover now.
The past couple Candles are green and this might become a very strong uptrend.
It's probably the right time to go Long with XRPBTC - the Profit Target is the current yearly Pivot at 0.00012164.
Ethereum: There is something going on. Let's make a Plan!Sometimes it is worth to check out other Timeframes than the ones you're used to.
I usually check 1-hour, 4-hours and 1-day Candles - but of course technical indicators can be applied to all kind of Timeframes in-between. And sometimes you can see profitable Setups that are not obvious on the default ones. So why not check 45-minutes? Or 2.5-hours?
Talking about Ethereum, there are multiple bullish Divergences on the 2-hour Chart. My Script "AutoDivergence" is applied to the Chart three-times to detect Divergences of Price vs. Momentum, CCI and MACD. In this case, AutoDivergence detected bullish Divergences agains CCI and MACD - so these could be signals that indicate a Trend Reversal.
As an additional confirmation for this - we can have a look at RSI: it was oversold but is rising again.
Alltogether - this seems to be a nice Setup for a Long-Trade.
The Plan is to wait until the Trendline will be broken (I'll create an Alert for this) and then enter the trade - either if the crossing-candle is a green one, or if lower timeframes give additional indication that Price will start to rise.
In case that all conditions to enter the Trade are true - the Profit Target will be the weekly Pivot at 182.
Let's make some money ...
Bitcoin bullish divergence againThis TA should give you better understanding of divergences
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as a top and reversal here
If you take a look at the right side which is 5H timeframe you can see that the trend looks very similliar.
Triangle consolidation with break down, massive drop and then bulish divergence formation
Overall long term trend is pointing up
TRX Worth a look (bear trend still in troubles?)Hello =)
This is only a possible scenario.
Last divergence generated a nice swing high. good possible gains.
We then moved lower along with the BTC drop and plenty of other coins.
What is interesting though, is that, on one hand we have a situation on a long term Time Frame that is not looking very good now; on the other hand we have multiple Divergences ( possible kick-off (a)? ), a dynamic support that is holding the lower lows, Moving Averages getting tighter.
ETH and LTC are showing a similar condition, BTC is showing a POTENTIAL shorter term inversion formation. (correction)
If price is currently attracted to a lower price for different matters, but we first take an upwards correction as this analysis suggests, This is one possible scenario I am working on.
I'm just a trading student, I've been studying and trading for 2 years now, -ABC- denominations from EW are purely indicative of the possible directions, I'm not a good EW analyst.
LONG - FET - Trading OpportunityThese past few days after BTC's monster dump, alt coins have been bouncing left and right, and FET is one of the few that hasnt had much of a chance to show off, but now it's looking mighty bullish, with a nice bullish divergence on the 4h chart, that has showed some consolidation and signals of a temporary bottom.
Entry: 0.00000423
Target 1: 0.00000460
Target 2: 0.00000499
Target 3: 0.00000529
SL: 0.00000409
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Trading Divergences - An Alternate View for New TradersTrading divergences is a very common technical analysis strategy, but it comes with one big problem: the most common divergences (not hidden) trade against the trend. This means that new traders can often get into trouble by constantly looking for, and trading, against a dominant trend.
Here's an idea to help you become more profitable over the long-term: identify divergences on your chosen momentum indicator, but only trade on trend continuation signals. I'm not saying you need to do this forever, as once you're experienced you can trade both pullbacks and continuations - but doing so requires multiple layers of confirmation, and a lot of knowledge/planning/experience.
By trading trend continuation signals after divergences, you're stacking the odds in your favour by going with the dominant trend. You're also training your eye to see divergences, and seeing how the markets react to divergences. For new traders this can be a valuable lesson in the power of momentum in financial markets.
So, what are trend continuation signals? It depends on your chosen momentum indicator, so I can only provide general ideas; you need to adapt things according to what you're using. My chart contains a custom momentum indicator, loosely based on the RSI. However, it's far smoother than the RSI, so I can reliably trade precise signals (e.g. for me, a cross of 0). On the RSI, you may choose something a bit further down the scale, for example, a cross below Oversold (20/30). If you're using a Stochastic indicator, you may trade a cross below Overbought (70/80). If you don't understand why I'm suggesting you trade signals at the opposite end of the scale for RSI and Stochastic, let me know.
Hopefully this all makes sense, and remember that it's just an idea if you're a new trader and struggling to make good trades.
Let me know if you have any queries.
DD
Hidden Bearish Divergence (D), Bearish Divergence Weekly ChartWe've got multiple factors of confluence, Daily Chart hitting previous support, now resistance. Bearish Divergence on both the Daily and Weekly charts. Also weakening Stochastic's on the 4 hour timeframe (not shown). Profit Target around 8863 shown by the $ sign
Warning ! Big moove ahead (Parabolic run to ATH or DOOM)Hello everyone
today I would love to try warn all of you because something big is coming as we have huge bearish divergence forming in overbought area as well as parabolic run with some media attention (Not only thanks to Libra - Facebook) happening
This is danger zone where speculation,fomo and traps happends and take over people emotions so be curious and wise.
Wait for good opportunities and be patient to increase winning rate.
This is possible SELL range warning as bearish divergence extended longer since last call and look how market reacted last time in the red box
Keep in mind. This might not be TOP and this run can lead to ATH and cross 20K within a month ( In case we do not brake the blue parabolic line )
** This is not a financial advice but unbiased view on market situation. Trade on your own risk and only amount which you can afford to loose **