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Hidden Bullish RSI Divergence

Kadena to make bitcoin look like a stable coinKDABTC has a clear rising wedge structure and since it is at support the next move is primed to be to the upside. There is a lot of hidden bullish divergence on the RSI and MACD (and a host of other indicators) and the Stoch is showing momentum is breaking above the 20 level, which shows price is technically coming out of a downtrend on the weekly timeframe Drilling down several time frames, there is a inverse head and shoulders on the 4 hour that developed over the last 10 days. There is a strong possibility that that structure marks a the swing low and the price action will now go below that structure again. Price is poking above the orange trend line and if we can hold that break on the weekly time frame with a whole candle body above the gains are practically in the bag with some patience. This orange trend line also intersects the wedge support lower down and price action could see a retest of both on a pull back. KDAUSDT is in several bullish structures. First is a 50-day ascending triangle it is breaking out off right now And that ascending triangle is at support on a rising wedge that KDAUST had already broken out the top off before returning to support. I see KDAUSDT setting new all-time highs continually over the next several years.
Long
by This_Guhy
9
Comparing indicators from different bitcoin bear marketsTLDR: Indicator similarities suggest a strong buy for accumulators. Introduction Price actions causes indicator action and so you can see patterns on indicators stemming from price action. As price action tightens you can see different indicators tighten as well. Most tightening actions on charts is formed by triangles or wedges and as this idea will show, there has been tightening on the MACD Histogram and RSI. Discussion The MACD Histogram (on standard settings) tracks the distance between the 12 and 26 EMAs. A high positive value means the 12 is high above the 26, a 0 means the EMAs have crossed and a high negative value means the 12 is far below the 26. For the MACD histogram to tighten as it did in the 2018 to 2020 chart and the current chart that means the EMAS have been less volatile because price has been less volatile on the indicator. Of course the price action has been consistently bearish. There is no way for the gaussian channel to turn from green to red on such a high time frame without that downward price action. But just as narrowing price action suggest energy is getting coiled up prior to a release likewise a tightening MACD histogram suggests a large move is brewing The RSI provides us with some more information. In the last bear market the tightening on the RSI was mostly sideways which is why it was drawn as a triangle. We don't currently see the RSI going sideways, it is in a falling wedge. This falling wedge suggests that the RSI will ultimately break to the upside with price action. The fact that RSI hit oversold and is under a red gaussian channel is very promising for an upside move as well. It is also comforting for the bulls that the RSI is lower with price at about 19,800 than it was when the wedge began to form at support point 1 in august 2020 than it it is now. The RSI is even lower than during thr Covid dump. This higher low on price but lower low on an indicator is a clear example of hidden bullish divergence. Hidden divergences are my favorite kind of divergences and it is particularly comforting to see them with the RSI at oversold, below a red gaussian channel with a very tight MACD Histogram. There is a lot more stuff going on with the price action but I don't want to make this a post where I throw "Everything but the kitchen sink" at this idea but I will mention some things. Mr. Bollinger, creator of the Bollinger Bands has pointed out that the price is resting on the monthly BB for the first time in bitcoins history. Followers of the NVT are looking at how undervalued bitcoin is compared to the value transactions on the network. Price is below the weekly Keltner channel which has been a historically great place to buy. Lots of "OG" coins like Dash and BCH are nailing in a higher low on multi-year W patterns. ETHBTC has found support on the 200 EMA and is now fighting resistance at 100 EMA and I think that it will beat that resistance. It appears that this has been a very technical sell off until we retested the all time high on Bitcoin and Eth and now this horizontal retest has been complete are premier cryptos are primed to have their new highs and then a real and proper multi year beak market. As an example of horizontal retests see silver and golds retest below, which happened in the 2008 financial crisis. Should price begin to move up taking profit before the 1.618 level seems to be weak handed based on what we can see happened with silver and gold. My Trades I have taken longs in ethe, dash, bch and trx. I like the older coins because I think targeting on them is easier than the newer coins and the can offer me enough gains that I will be happy with the outcome of the trades. But I think they will still be correlated with BTC so I have to watch BTC. I also see this move happening over the next 2-3 years due to how long the W patterns will need to play out on Dash, BCH and other "OG" coins. I mentioned Dash on a differnt forum and was pleased to hear so many people considered the project dead, just like many people are saying bitcoin is dead. That is a sign to me that these coins will be in the stealth phase for a while. My linked ideas go deeper into my rational and my trades.
INDEX:BTCUSDLong
by This_Guhy
11
Litecoin: Falling Wedge Break Hook and Go at an 88.6% RetraceLTCUSD has been sitting at a 88.6% Retrace for the last few weeks nowholding above both it and above a falling Wedge that it's developed on the weekly timeframe. If it can bounce back up from here i think it will have 3 profit targets: $420, $515, and Finally $645 as that would align with the 100%, 127.2% and 161.8% Fib Extension targets. My targets for this chart are a result of some other Bullish Variables on Various Other Charts i looked at where LTC is either the numerator or denominator, I have included some of these charts in the Related Ideas Tab below and based off all of these Aligned Variables across many different charts I'v come to the conclusion that i could be expecting alot out of the LTC Price Action in the Near Future.
COINBASE:LTCUSDLong
by RizeSenpai
1
Even more Bottom Calling on BitcoinTLDR: This and my linked post make a very strong case for limited downside, accumulation and reversal for the next several years. Don't get stupid with margin trading. Analysis I use the gaussian channel to find when an asset is undervalued for chosen time frame. Bitcoin has a history of going sideways under the gaussian channel and so far has never returned to levels below the Gaussian channel when it reenters and the channel has gone from green to red. Very simply price under a red gaussian channel means accumulate. Eventually that will not be a workable strategy but so far the logic is solid. The On Balance Volume with EMAs is a great tool to look at what is happening with volume over time. The indicator lets you set three different lookback periods and you can customize it to look for crosses to show when buy or sell pressure has shifted. I have made some mistakes with the OBV because it is hard to do some analysis on assets that are continually printing new "coins" like bitcoin does so you can't exactly use to look for divergences over large time frames. What you can do, however, is notice when the On Balance Volume is under a long term ema, like the 100. That symbolizes a whole lot of selling pressure and it suggests that the selling is about done. If you want to be a investor I suggest you do some tinkering with the On Balance Volume with EMAs because you can notice a a lot of things. On the chart below I have added the 150 EMA in red to the 100 EAM in green. In 2015 to 2016 the OBV was pinched between those two EMAS while the price action bottomed and made beautiful W pattern. That happened again at the low in late 2019 and early 2019. For the C19 dump the OBV lanced through and then recovered. Right now, the OBV is below the 150 EMA. That has never happened before. This is literally one of the best buying opportunities you could ever find for bitcoin using a simple OBV strategy of buying under a long-term EMA. It is as simple as value investors looking to accumulate under the 200 week on a asset they believe has the ability to recover, or people buying the base of the monthly Bolling band or kelter channel, or buying when the RSI has fallen below 20. And the RSI has fallen below 30, and it has done so bullishly! The RSI is lower now than it was during the dip in late 2018 but the price is currently much higher. A higher low on price but lower low on the indicator is hidden bullish divergence and it can mark great long term buying opportunities. Hidden divergences suggest price action will continue in the direction it was going when the divergence formed so in this case we would look for bullish continuation, or a higher high. Divergence Primer Classic 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 indicato For target setting I continue to think there will be major consolidation at the 2 level and a top at the 2.618 level from the draw on the chart below. You see that rising wedge formation? Guess what, targeting suggest we will go to the wedge apex then price will spill to the beginning of the wedge and bitcoin loses almost all of its value. What a hell of a ride. My linked idea will show I have been watching for this wedge to act as support for a while. There is a chance that price falls out of the wedge now, which would be painful, but we can limit that loss with stop losses. I don't see that happening right now on account of the bullishness I articulated in this post. There is a rising wedge on Ethereum as well. Linked ideas The linked ideas show a lot of bullishness in the market, whether it be ideas looking at similar indicators, or massive bullish patterns on other cryptos. and it really helps steady my hands going forward. Hopefully they will be of some use to you as well.
INDEX:BTCUSDLong
by This_Guhy
2
NAS100 Hidden Bullish Divergence Suggests ContinuationIf you have been following my charts for a while, I suggested that the general markets could turn back up as the monthly had blown off its extremely overbought state since I started posting in December. Now that they have bounced we can see that the bulls are not done yet and are looking to cross the 200ma on the 4hr time frame. The hidden bullish divergence suggests that this is the case and we likely will continue the trend upwards. Are we in a new bull market? We can not say...there isn't enough evidence at the moment and anyone that says otherwise does not know what they are saying. We have evidence that the monthly is now oversold and looking to turn back up--but it could be denied at the 50% line for monthly oscillators. Maybe the oscillators could cross upwards past the 50% line and create Hidden Bearish Divergence where the markets make a lower high but the monthly oscillator makes a higher high. Maybe we make all time new highs. We ca not say. What we can say is that for now the bulls seem to be in control and are looking to take this higher. Respect the divergences. I have proven they must be respected. Good luck trading. Here the set up is simple, WAIT for the 4hr Stochastic RSI to move past the 20% line to confirm a buy.
OANDA:NAS100USDLong
by Sinex
KNC price predictionIt's quite delicate to trade these days when BTC has been ranging between $28600 - $30800. However, there are some coins with good volatility and with clearer trend: KNC is among these coins. In 6H time-frame, KNC is forming an ascending triangle with a hidden bullish divergence. This week, it would reach $2.77. At this resistance level, it's very likely that KNC would be rejected and be thrown back to $2.4 or even lower, to the lower trendline, eventually.
by evasivesteering
Bitcoin, Triangles, a flagpole, and Stock to flowTLDR Don't overthink things. Stock to flow gives you a average price to target, and triangles are easy to spot and trade for targeting. Until the ascending triangle continuation pattern (on a flagpole) is negated I remain bullish. Introduction One of the most important things I have picked up on my relatively short trading career (about 5 years) is to have faith in the long term trading patterns. Long term trading patterns can help calm your mind and help you 360 degree set a trade with entries and stops and take profits that you can just fire and forget until your alerts tell you have taken profit or been stopped out. Due to the learning curve a lot of my technical analysis was better than my ability to hold a trade through without removing my stops, taking profits early, adding to my position when I should have been closing, so forth and so on. So this post will deal with the humble triangle Analysis The current patterns of interest are the purple symmetrical triangle which is occurring at the support of the orange ascending triangle. Triangles in themselves are one of the easiest patterns to recognize but some of the worst when it comes to full performance to target, throwbacks, and fakeouts. So, in general, the larger the pattern, the better, the more divergences you have to back up your bullish or bearish bias the better, and the clearer the fundamental case, the better. To back up our humble triangle we have hidden bullish divergence on the Stochastic and the RSI. Very simple and powerful indicators when used on the weekly timeframe to verify patterns. To further support our bullish bias is the stock to flow, which has acted as a leading indicator for bitcoins average price for the whole time the indicator has been in play after its creation. Targeting There are several ways to do target setting on a triangle. The main one would be to take the height of the uptrend, clone it, then move it to the point of break out. Now, with triangles being one of the worst with reaching full target that is perhaps not the best way to go about things unless you are very good with training your stops. As the chart below shows with the blue triangle, taking a high and low fib retracement and looking at the positive extensions can do a fairly good job of predicting local highs. Both the 1.414 and 1.618 were areas where price retraced. Going forward off of that draw, a pause at the 2 and 2.618 levels would be very predictable, reliable and technical. The chart below shows two different set of fibs. The bold black fibs are drawn off the ascending triangle and the dark purple fibs are based off of a fib extension treating the move as a flagpole and continuation pattern, like an Elliot wave 1 and 2. Where it appears both fibs are in agreement is an area we would suspect to see a stall with a future continuation pattern to develop. Fundamental Analysis This is a hypothesis I don't have time to fully flesh out here, but for a long time people have been hoping for rotation. A common rotation people hope to play is the roation out of equities into commodities. That was a good play in the early 2000 and many people are hoping for it to be a good play again. Now, I am hoping for a great rotation this time around out of equites and into crypto instead of commodities. And I think the charts support my notion of money rotating out of equities into crypto. Conclusion The stops are easy enough to set for even a new trader that has swung by investopedia.com or Bulkowski's thepatternsite.com and read the basic articles on triangles and flagpoles. The rotation thesis is likewise easy to understand, even if you don't agree with it, as is the concept behind the stock to flow model, which I did not dive into. Until the ascending triangle continuation pattern (on a flagpole) is negated I remain bullish.
COINBASE:BTCUSDLong
by This_Guhy
5
BTC Showing Hidden Bullish Divergence at a Potential SupportBTC is currently at a Weekly Support/Resistance Level that goes back to January of 2021 and is hinting towards some RSI Hidden Bullish Divergence on the Daily. If BTC can hold this level of $38,220 we could see it come back up to challenge the More Major Resistance levels above up at around the upper 40-50k ranges if it fails to hold $38,220 then we will likely go down the the lower 30k ranges or worse. I believe these next couple weeks will be the deciding weeks of rather or not the BTC Uptrend Continues or we Fail and get a Major Pullback.
FTX:BTCPERPLong
by RizeSenpai
4
$BTC - #BITCOIN NEEDS TO BREAKOUT!BTC is approaching the resistance trendline of the falling wedge which formed on the 4h timeframe and the ichimoku cloud which is just above the current price if we see a good fix above the ichi cloud and above the resistance (around 41k) in the next 1 or 2 4h candles, given the recent bullish rsi divergence, we can expect some more upside from the big boy Bitcoin let's hope this fixes above these levels and lets our altcoins get some fat gains! let me know what you think about this in the comments!
Long
by opop777