Quick Rally For 3030 Has Fallen to a High volume trading area reaching the point of control that could act as a strong support, added There's also a strong Hidden Bullish Divergence on the RSI that gives great indication that we could see a rally up from this daily support lvl (42,300) back to the "trend line" break & previous structure low,(Filling the sell side imbalance -FVG)
Confluences on This Trade
- Rejecting Daily support lvl 42,266
- Rejecting Demand zone
- @ 38.2 Fib Retracement
- Hidden Bullish Divergence (RSI)
- Buy Side imbalance fill
- Daily Volume Support
Lock in with your LTF Bullish Entry Signal,
WAIT FOR YOUR CONFIRMATION AND
**RISK ACCORDINGLY
Intro to the next possible move:
After this bullish move - price could reject the Trend line and previous structure low, then continue down.
**This bullish to bearish move would give price action a "Head and shoulders ish" Pattern on a HTF.
Caution on the Bearish Sell- we have high volume right below the 41,000 bank lvl that could act as a support.
with all of that being said the one thing that gives me great hesitation on the 2nd part of this move The "Bearish Sell" is the fact that this current pull back only brought price down to the 38.2 Fib lvl, so this could just be a minor pull back for a big Bullish continuation move.
Hidden Bullish RSI Divergence
MINDA CORP 61% retrace with Decrease in volumeHello Everyone,
Minda Corp Trading at 494 after making lifetime high oe 645 its retrace fibbo 61% also trading at EMA 200 levels at daily timeframe, Decrease in price with decrease in volume wit RSI oversold and Positive divergence goood long set up possibility for swing as well as positional.
Wed 6th Nov 2024 AUD/CHF 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/CHF Buy. Enjoy the day all. Cheers. Jim
Fri 25th Oct 2024 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 EURUSD Buy. Enjoy the day all. Cheers. Jim
Mon 21st Oct 2024 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
BITCOIN → Bullish Pressure !!!
As I mentioned in my previous analysis, Bitcoin experienced a good rise after breaking out of the wedge and is now near the top of the megaphone. Currently, it is in an ascending triangle, but we can't be sure about it yet. Additionally, on the MACD, we have a hidden bullish divergence, which alone is a bullish signal.
previous analysis
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Fri 11th Oct 2024 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
Mon 7th Oct 2024 EUR/AUD 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/AUD Buy. Enjoy the day all. Cheers. Jim
MultiversX (EGLD) Falling Wedge AlertMultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders.
Key Technical Highlights:
Pattern: Falling Wedge (Bullish)
Current Price: ~$25-$30
Breakout Target: $80-$120 (Initial swing target based on wedge height)
Long-Term Target: $500-$600 (Previous ATH from 2021)
Time Frame: 12 months (swing trade target)
Why this setup looks strong:
Converging Price Action: Price action is tightening, with lower highs and lower lows inside the wedge, suggesting that a breakout is likely imminent.
Volume Decline: A typical feature of falling wedges is decreasing volume, indicating consolidation before a potential breakout.
RSI Divergence: RSI shows bullish divergence, adding strength to the argument that sellers are losing momentum.
Strategy:
Entry: Consider entering on a confirmed breakout above $35-$40 with strong volume.
Stop Loss: Set below $20 for risk management in case of a failed breakout.
Targets:
Short-term: $80-$120 (based on wedge height)
Long-term: $500-$600 (previous ATH in late 2021)
This setup presents a promising risk/reward ratio for long-term investors looking to swing trade MultiversX. Keep an eye on key breakout levels and confirmation signals.
This is not financial advice. Always perform your own research and trade responsibly.
Bitcoin Hidden Bullish Divergence Post Halving: Hold or BuyThe Bitcoin halvening puts the price action of bitcoin on a four year cycle that so far has resulted in a higher high each cycle. Until that changes the best money to be made is by incorporation that periodicity into your trading plan and figuring out when to buy, sell, and hold.
In a bull market you are suppose to "buy the dip, and sell the rip." But not all dips are equal, a nd one thing that sets dips apart is divergence.
Divergence Primer
Normal Divergence (Trend Reversal)
Bearish: Higher highs on price action but lower highs on the indicator
Bullish: Lower lows on price action but higher lows on the indicator
Hidden (Trend Continuation)
Bearish: Lower high on the price action and higher highs on the indicator
Bullish: Higher low on the price action and a lower low on the indicator
We clearly see that we have some hidden bullish divergence. We can also clearly see that the RSI is "oversold" just 65 days after the bitcoin halvening. Historically this is a great time to buy.
A look at the 2016-2017 bull market shows buying hidden bullish divergence and/or when the RSI got to over-sold on the daily chart was a outstandingly simple but profitable time to put in some buys. Those price levels were NEVER reached again on a retrace.
Without exaggeration and irony after this pull back bitcoin may never return to this price again, give or take a day or so for a base to be put in. At this point, the only reason I can see to sell bitcoin is to buy alts that look good or because you have some bills that you must needs pay to remain solvent. But of course, I am not a financial advisor and even if I was, I am not your financial advisor.
My best call in a long time has been my FTM trade. FTMBTC recently itself just had the RSI go to over-sold and it looks like price action is turning previous wedge resistance into support. I have currently moved up the risk curve and am in a small cap coin that is out of the top 100 in market cap. So far its been painful but in the long run I think the rotation will pay off.
Bitcoin Hidden Bullish Divergence Points to ImpulseIntroduction
This is a birds eye view post. We have had the usual stall and consolidation after the halvening and things have started to get lively. Due to all of the tokenomics of bitcoin, with the havlvening, its periodicity, and so on the move is going to be impulsive and sustained. The charts reflect that.
Important Indicator considerations
A MACD crossing the signal line above zero is generally bullish. A chart displaying some divergences helps predict a MACD cross will be sustained. This is basic pattern recognition. We have hidden bullish divergence, which suggest we will have trend continuation. The timing on the pattern is perfect.
Divergence primer
Normal Divergence (Trend Reversal)
Bearish: Higher highs on price action but lower highs on the indicator
Bullish: Lower lows on price action but higher lows on the indicator
Hidden (Trend Continuation)
Bearish: Lower high on the price action and higher highs on the indicator
Bullish: Higher low on the price action and a lower low on the indicator
My plan
I have moved into low cap alts. Those provide me outsize gains similar to playing the top 10 with margin but without the risk of being liquidated. My peace of mind is so much more stable up the risk curve so long as I won’t get liquidated.
I have some rotations planned out and based on my how my account is doing I now have to start paying attention to the 2% Depth data on coin market cap to make sure I don’t have liquidity issues. I am also taking quite a risk because I am not sure some of these projects won’t become the next Luna or FTX token that goes to zero. There is zero percent chance I hold those bags through a bear market.
For example, here is KAVA. I expect a quick move out of this triangle to the 0.618 retracement level. 4.6x for a 120-150 day move
Very similar to my fantom trade. I of course was NOT able to nail the high but it was close enough.
BTCUSD Hidden Bullish Divergence on the DailyIn the daily BTC/USD chart, we're observing a series of higher lows , indicative of a bullish sentiment underlying the current market movements. This upward trend in price contrasts with the Commodity Channel Index (CCI), which is showing lower lows . This divergence between price action and the CCI can be interpreted as a hidden bullish divergence , suggesting that the momentum behind the price increase is still strong despite the temporary pullbacks.
Adding to the bullish outlook is the behavior of the Moving Average Convergence Divergence (MACD) indicator. Recently, the MACD line crossed above the signal line , a bullish signal that often precedes upward price movements. This cross enhances the bullish sentiment and may signal upcoming price increases.
Further cementing the bullish perspective is the overarching trend identified through a linear regression channel, which shows that we're in an overall uptrend. This aligns with the observed price action and indicator signals, providing a broader context for the current market dynamics.
Considering these factors, there's a plausible scenario where the price could ascend towards the weekly pivot point at $68,930 in the coming days. This pivot point acts as a significant resistance level, and reaching it would confirm the strength of the current uptrend. It's crucial for traders to monitor these developments closely, as a successful breach of this level could open the door for further gains.
QNTUSD: Attempting to Stabilize After Bullish Dragon BreakoutQNT has been trading in a range for months now since the breakout out of a potential Bullish Dragon. It would seem that it may be attempting to stabilize after the breakout and if it is able to the target would be the 0.618 retrace up at around $310
Unveiling Hidden Bullish Divergence: Targeting $156 Fibonacci 📈 Spotting Hidden Bullish Divergence! 🚀
Hey traders! 📣 Keeping an eye on some exciting market dynamics here. Just identified a hidden bullish divergence pattern over the last 2 to 3 days on our charts. 📊 This pattern often signals a potential reversal in the current downtrend and hints at an upcoming bullish momentum.
🔍 Hidden bullish divergence occurs when the price forms lower lows, while the corresponding oscillator (such as the RSI or MACD) forms higher lows. It suggests that even though the price is trending downwards, the momentum behind the selling pressure is weakening, and a bullish reversal might be on the horizon. 📈💡
Now, onto the juicy part – our Fibonacci retracement levels! 🎯 The next fib target we're eyeing is at the $156 mark. Historically significant, this level could serve as a crucial pivot point for the current price action. 🎯💰
Breaking above $156 could trigger a significant bullish move, potentially propelling the price back towards the $365 to $560 range. 🚀📈 So, keep a close watch on this level as it could mark the beginning of a substantial upward trend.
Remember, trading involves risk, so make sure to employ proper risk management strategies. Stay tuned for further updates as we track this exciting development! 💼💰
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. 📚💡 #TradingView #TechnicalAnalysis #BullishDivergence #FibonacciLevels #MarketAnalysis 📊📈
DogeCoin Ready to Rise ? LONGOn the daily chart. DOGEUSD appears to be at the support line of a symmetrical triangle
pattern with about 30% upside to the pivot high in early December. The RSI lines are stable
and flat sideways in the 40-45 range. The zero-lag MACD shows lines near to the horizontal
zero level. The Fib tool suggests that a retrace to 0.09 is a reasonable target level.
Accordingly, an upside of 30% is forecasted for the next bullish spike. I will wait for a cross of
a shorter MA line over a longer MA line as a "golden cross" sign of bullish momentum and take a
position there .
BOIL: Spring and Backtest with Hidden Bullish Divergence BOIL is preparing to shift out of the range as it Bullishly Diverges on the MACD during its spring and backtest and shifts out of the lower RSI Extremes.
We may just get a move to $90 and call it there, but I do think it's possible to see the $150s if this setup truly does result in the absolute bottom.
WTICO: Potential Bullish 5-0 Looking to Take USOIL Up to $105.30USOIL has recently retraced to the 0.382 from the PCZ of a Bearish Shark, but now it's looking to try and hold the 200 SMA and the 38.2-0.50% zone with Hidden Bullish PPO Divergence and an impending PPO Bullish Confirmation. If it does hold here, it could confirm a Potential Bullish 5-0 and if this 5-0 plays out, I think it could take USOIL above $100 and likely up to $105.30, as that would be the 61.8% retrace from high to low.
BB: Is at the PCZ of a Bullish Gartley and a Bullish Deep CrabBlackBerry is attempting a spring-and-back-test-of-spring at the bottom of the range that it's been trading within since 2012, and the level happens to align with the PCZ of a huge Bullish Deep on the left, to which it has reacted once before, and on its way to testing the zone a second time and back testing the spring. It's also formed a smaller, more localized Bullish Deep Gartley with some hidden Bullish Divergence on the MACD. If it manages to get back above $5 and stay above $5 in the active session, we would then have room to see it pump all the way up to $24.89 really fast as that is the next major level above and near the 200-Month SMA, but if things really want to get serious, we could see BB complete a Full Measured move of this range which would take it all the way up to the 50% retrace up at around $45.39