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Hidden Bullish RSI Divergence

S/R Flip| Hidden Bullish Divergence| Holding EMA’s| Scale InEvening Traders! Welcome to today’s update, focusing on XRPUSDT pairings, which is testing a critical support zone with an evident hidden bullish divergence. Points to consider, - Consecutive higher lows in place - Testing structural support (.382 in confluence) - Local resistance to break - EMA’s holding price - RSI diverging - Stochastics in lower regions - Volume below average XRP’s immediate trend has put higher lows, now currently testing structural support which must hold for a confirmed S/R flip. The structural support is in confluence with the .382 Fibonacci, signalling potential buyers stepping in. Local resistance is first target in this trend, XRP can range bound trade from structural support and local resistance. The EMA 26, must hold to avoid a bearish cross, it is important to note that it is also in confluence with structural support. RSI is clearly diverging from price confirming the hidden bullish divergence that is coming to fruition. The stochastics is currently in the lower regions, it too is diverging, putting more emphasis on the bullish divergence. Volume is currently below average, it will require an influx if the S/R flip holds true, volume will play a role in either direction. Overall, in my opinion, XRP is testing an important structural support with EMA’s in confluence. It is probable to see a push into local resistance due to the hidden bullish divergence. What are your thoughts? Please leave a like and comment, And remember, Beginner’s luck often stifles growth. Losses and failure are good for you.
Long
by AzizKhanZamani
Bitcoin Hidden Bullish Divergence - Love story?Please support this idea with a like, it's easy and FREE so why not? BTCUSD is at a very big resistance area but there is something interesting that we must pay attention to. Look what RSI (Daily) did before every big upward movement. We formed a Hidden Bullish Divergence. Higher lows on price and lower lows for RSI. This is something that we don't see very often for Bitcoin. I am currently in a short with a tight SL above the previous wick at the weekly level of $9556. If price close above that weekly on the daily TF I will be looking to enter a new long after price retrace to that weekly level which might act as support. Please let me know what do you think about this in the comments below. Have a beautiful day traders!
BITMEX:BTCUSD.PLong
by DMG_Intelligence
3
Dash Long Term TrendShow cased by Mitch Ray. Good morning ladies and gents! Dash has been in an overall uptrend since its listing. We are finally at the bottom of that trend where you'd expect price action to reverse. I am in strong belief that come q4 and or early of next year, some of these alts showing daily and weekly bullish divergence will start seeing a reversal in the trend back to the upside. The Gaussian Channel has not turned teal yet! Not good! We are currently sitting outside of the trend just barely. We haven't seen in follow through price action as of yet and you the main importance here, is we haven't broken critical support yet, but we are currently sitting at it. Breaking it, could be extremely ugly. Their are supports on the smaller time frame, but you have nothing until like $17 from that wick all the way back from our first bull run on the weekly time frame. So, we need to start rallying above the support we are sitting at and get back into that long term trend we have been in or it's going to get real ugly, especially if bitcoin starts getting to lower prices between $6800 and $7400 (7200 being the .618). I don't think for a long term position, it is a lot safer to take a position where we're at than if we were at the top of the trend. You are showing Weekly Hidden Bullish Divergence on the weekly MACD as well as Bullish Convergence on the RSI. Stops need to be placed carefully and I recommend having exit targets in play. Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
POLONIEX:DASHUSDLong
by ChArtWorks_TechnicalArts
VIB/BTC - hidden bullish divergenceWe see in this chart that there is a hidden bullish divergence. Also we see a nice uptrend on the RSI and it tries to break trough the ichimoku cloud. When it will break the ichimoku cloud I think we will get to the resistance level (start ichimoku cloud) on the daily (245). Nice place to take a position. position at - 196 Stop loss - 185 profit take - 235 (20% profit target) - you can also take the ichimoku cloud on the daily 245 but don't miss the profit!
by Sander_charts
BCH Bullish DivergenceTripple bottom formation on 1hr chart. 4hr chart is looking to make a turn around soon. If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance. Influx of volume today will confirm or cancel out this forecast. ______________________________________________________ Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
COINBASE:BCHUSD
by ILL_Midas
3
BTCUSD W1 chart (9/4/2019)Good morning, traders. The D3 candle closed as a massive bullish engulfing candle which confirmed the reversal indicated by the previous candle close as a bullish hammer. Yesterday's D3 close also confirmed the hidden bullish divergence on that TF. This should indicate further movement to the upside. Additionally, the weekly is in the process of confirming hidden bullish divergence as well. It is only Wednesday, though, so with half the week remaining anything can still happen. But it's pretty safe to say that if the weekly confirms the hidden bullish divergence at close, then we should most likely be looking for at least a few weeks of bullish momentum. Remember, hidden bullish divergence is a continuation indicator. That means that when it confirms we should generally expect price to continue its bullish momentum. In this case, it has been confirmed on the D3 and may be confirmed on the weekly, which are both large TFs indicating that the effect should be substantial. Weekly TF shows that price has remained within the Andrews Pitchfork's outermost extended channels while currently engulfing the previous candle's body bullishly. Additionally, the weekly RSI is attempting to move above its resistance while Stoch RSI is curled up in oversold, nearing a bullish cross. Traders should continue watching volume, especially on the daily and larger TFs. At this time, it continues to contract as price consolidates, suggesting a possible symmetrical triangle is being printed. If we see expanding volume and candle spread on these larger TFs, then we should expect price to continue in whichever direction its going as it prints. As a reminder, price is doing nothing other than consolidating at the 2018 TR resistance. The weekly 21 EMA continues to rise up to meet price and the VPVR nodes start dropping off as price hits $10800. Daily price action is consolidation on top of the pivot, above the daily 21 EMA. RSI broke thorugh its resistance and is currently nearing a retest of resistance as support. A successful retest should have price initially targeting the descending resistance in the daily supply below the R1 pivot. The target for the descending red wedge seen on my daily TF, if you make it yours per the instructions below, is around $12300. ____________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSDLong
by Chris_Inks
3
BTCUSD H1 chart (8/20/2019)Good morning, traders. I've been looking for some kind of definiteness in movement but haven't found it this morning. H1 RSI printed a hidden bullish divergence and is in the process of possibly confirming it. Currently, price has printed a local descending broadening wedge with a target of around $10950, possibly printing a double top. I have included the ascending green channel as well because if price moves above the wedge's resistance I will be expecting it to target the ascending channel resistance above the R1 pivot. Price remains above the pivot for the time-being and appears to be printing a rather large descending broadening wedge. H1 Stoch RSI remains in oversold so we should be expecting a move up sooner rather than later, even if it is only to print a double top. If H4 RSI can close above its descending resistance, I will be looking for further upside. For now, it has fallen through its ascending support. The H4 Stoch RSI has dropped out of overbought and has a lot of room to continue falling before hitting oversold. That doesn't mean price MUST fall, but trader should be mindful of price action. If you zoom out to the H4 and larger TFs, you can see the possible $8500 target as well. As I have been mentioning, this movement up could just be wave 4. If so, then that target is in play. Traders that are looking for a larger TF entry should zoom out to the daily and wait for RSI to close above its resistance. Speaking of the daily, price is currently consolidating on the daily pivot. The volume continues to contract during this recent move up suggesting that it is wave 4 or wave B of a possible triangle which I pointed out last week. As we can see, there are multiple possibilities here and most traders entering right now are going to be chopped out. Zoom out to the H4 at least, and look for good entries. Don't just enter because there's a possibility. The time taken to look for an entry actually worth making right now will pay dividends to traders. I will be live at 3 p.m. UTC today on www.youtube.com so come join in! _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSD
by Chris_Inks
1
BTCUSDT H4 chart (8/14/2019)Good morning, traders. Overnight, we saw price dip into the blue demand zone that I mentioned we were watching about a week ago. We are also continuing to watch the H4 hidden bullish divergence (red arrows) complete and confirm. H4 is currently printing a TD 9 buy signal with RSI in oversold and Stoch RSI bottomed out. This does not mean that price will bounce right now, but traders should be paying more attention now for such a bounce and possible reversal. Importantly we can note that the supply volume continues to drop off as price has dropped with special interest given to the previous candle which printed a hammer reversal setup with a very small candle spread. In terms of volume and price action, that means we saw supply still coming comparatively strong with that seen two candles prior but getting much less result. As such, we can understand that demand has shown up quite strongly at that area. However, we need to see price follow through with expanding volume and increasing candle spread as price rises to confirm that a reversal is occurring. The intersecting pitchforks paint an interesting picture. Price spent much time on the top half of the descending pitchfork, only recently falling to the lower half. The current H4 candle has been initially rejected at that pitchfork's median. If price can reclaim the topside of that descending median line, then traders can be more bullish. Failure to do so should have traders watching the downside. If you are bullish, then you want the $10000-$10200 range to ultimately hold. The top of the range is the S2 pivot and failure of that range to hold should have traders looking at the likely trip down into the $8000s. While CT and TV are abuzz with "the sky is falling" narratives again, zooming out to the daily we can see that there just hasn't been a whole lot of interest in selling during this latest drop. How do we know? Because volume continues to contract as price has fallen. Daily pivot is support price at this time but the 21 EMA looms just overhead. A strong daily close above that 21 EMA would be bullish. We can also see that daily Stoch RSI is just now tapping oversold while RSI is slightly bearish at 46. I have seen a lot of erroneous EW discussion out there mentioning that because what may be wave 4 has dipped into wave 1, the count is invalidated. That is not necessarily the case as EW recognizes leading and ending diagonals as having overlapping waves 1 and 4. We can see the dashed resistance and support lines printing a possible ascending wedge (leading diagonal) so while traders should be cautious as it may not ultimately play out as a diagonal, the reality is that the wave count isn't necessarily invalidated. Of course, we have to keep in mind that this could be the beginning of the final leg down and the previous 3 waves up were the X wave of a WXY correction. This is something I mentioned over a month ago that traders should keep in mind as a possibility. As an aside, the H6 TF is printing a TD 8 at this time with another 3h15m left in the candle. RSI on the TF is also oversold and, like the H4, Stoch RSI is bottomed out. So it is possible that price could visit the S2 pivot at $10200 before reversing, even if only via a wick. The H1 Stoch RSI is overbought and as always, I'm watching for RSI to close above descending resistance. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
by Chris_Inks
1
UPCOMING BULLISH OUTBREAK FOR BITCOINHi, Happy Friday! So here I am looking at 4HR candles to get a sense of what I can expect bitcoin to do over the weekend. Right now I see a "hidden bullish diverging" pattern is forming quite nicely inside of the pennant. A hidden bullish diverging pattern is characterized by higher lows on the price movement, and lower lows on your indicator. Here I am looking at OBV. As you can see the two are diverging. According to babypips.com (this website is awesome if you're trying to really elevate your TA to the next level), a hidden bullish divergence shows underlying strength and usually peeps its head during retracements of an upward move, of which we have been in for the last week and half. In addition to this, the Bollinger Band is tightening its grasp on BTCUSD and I expect to see price consolidating tightly between 11,900 and 11,700 before continuing the upward move. Thanks and have a great weekend!
BITSTAMP:BTCUSDLong
by StudyingCrypto
1
BTCUSD Clarity on the DailyStill a novice, but my life has been so much better since I stopped using the 5m-3h time frame. Yeah, 5min.... Lessons well learned the hard way. No one I know trades and I work in a polar opposite environment where no one really cares to learn. So I have been teaching myself and have been profitable on some nice trades lately. Here is what I have been going on adding Supports and Resistances as I go. Hell, I didn't even understand divergance til 2 weeks ago, but when I got it helped me catch the 9400-12300 run we just had over the past week. Cashed out at 11850 and at first was like "dammmnnnn left money on the table," but looked at my P&L and not only did I got from Negative, I'm up a solid 6% on the YTD. I know thats not a lot in Crypto land, but its a lot to me! Dare I say a trend change.... Best of Luck To ALL! BSB
COINBASE:BTCUSDLong
by BloodSweatBeers