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Hidden Bearish RSI Divergence

BTCUSD You See What I See? Hidden Bearish Divergence MACDIf you have look at the daily chart you can see a clear hidden bearish divergence which is a trend continuation sign (confirming that we are still going down). It also forming on the simple RSI too. On the MACD the lines arent crossed yet. We might move up to 9.5k and possible create a double top there then move down. Yes we broke the bearish trendline, but it is not as significant as the fact that we also broke the longterm bullish trendline. Target is still 5k as the fibonacci shows. Let the bulls to take their last breath and let's move down! ***It is NOT a financial advice. It is only my personal opinion*** Please leave a comment below and like it if you think it was helpful!
BITFINEX:BTCUSDShort
by KryptonuQ
7
NZDCAD Sell IdeaW1 - Price is at the middle of the range, hidden bearish divergence formed, band to band move. D1 - Bearish divergence forming, price is about to reach the magnet zone. We might expect a reversal from this zone or we might expect one more push to the upside and then a reversal to happen from there. H4 - False break but no divergence yet so we may expect one more push up with bearish divergence to form. From that point we can look for sells. H1 (Aggressive) - False break with bearish divergence. If the price breaks below the current low at 0.91200 (approx) we can start looking for sells. If the risk reward is not good based on your targets, then look for pullbacks in the form of double wave up and then go short with the breakout of the most recent uptrend line.
Short
by VladimirRibakov
Bitcoin is still bearish (4h)I still see a bear market. Bitcoin broke through the local 1.62% downtrend line yes, but could not break the larger downtrend line. Until it happens we are still in a bear paws. --- Let's return to Technical Analysis . I see the formation of the pattern "Head & Shoulders". The pattern will be confirmed if the market fails under the neckline. Stochastic RSI is in the overbought zone. RSI shows a hidden bearish divergence = signal possible bearish trend continuation. The market must break the downtrend line, 50% Fibonacci and resistance at 4050 to become bullish . With current indicators I doubt that this is possible. But any turns are possible, as we all know FOMO IS REAL, so here are the settings for the current situation: — Stop Loss: above downtrend line and resistance line at 4050. — Take Profit: near and below the first line of support at 3450.
BITSTAMP:BTCUSDShort
by sasha_morozov
2
Sample RSI setups on #USDCADThe RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI. As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess of the chart. I will continue to post RSI trade setups and RSI educational information in the future as time allows.
by CurrencyWaves
2
EURUSD: TWO BEARISH PATTERNS WITH HIDDEN BEARISH DIVERGENCE !!!Hello Traders, Here we have two really good bearish harmonic patterns on the FX:EURUSD and both are very close to their completion points. One of the pattern is bearish bat pattern , while the other one is bearish crab pattern . We are also seeing hidden bearish divergence on the RSI, which is an indication of weakness in the bullish strength. I have color coded all the targets and stop loss levels on the chart above, so that no one gets confused between the two harmonic patterns. See the chart above for more details. NOTE #1: I will also be posting the weekly outlook on this pair very soon, so make sure to check that out as well. NOTE #2: I recently created a twitter account , where I will also be posting all of my future trade ideas, side by side, with all the updates. Anyone who is interested, can follow me on twitter as well. You can go straight to my twitter account by clicking my twitter username on the top of my profile page. Just in case, my twitter username is: moneymaking2016 Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
8