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Hidden Bullish RSI Divergence

SLP BIG SIGNALSDue to the recent news, the Ronin ecosystem was hacked. Lots of people got scared which resulted a dump in most coins like AXS, RON, and SLP. SLP went down to about 16% because of the FUD. Focusing in the chart, signals are getting stronger and stronger. The hidden bullish divergence we have is still intact, the longer it stays that way the bigger the pump once the divergence plays out. We have a big bullish butterfly pattern and a double bottom appearing in the 1H TF. If the RSI breaks the resistance which is the black line, we will go up. We could reach levels: 0.0226, 0.0229, 0.0238 , and most likely higher once Origin comes out. If Sky Mavis continues to release the alpha test for Origin despite the hacking that happened, we will pump big. This is a good opportunity for them to release Origin. Big reversal will come anytime soon.
by elexicius
Similarities between Bitcoin's rising channels (950% gains?!?!?)This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable that we have higher highs and higher lows the chart below shows that that compared to last time the higher high was not as high, comparing almost 20% in the 2020 higher high to only 6.3% in the 2021 higher high. What is nice for the bulls is that the higher low we have put in so far in 2022 is 18.8% higher then the comparison low in the channel while in 2020 it was only 11.25ish%. So the high is not relatively higher but the low is relatively lower. Hopefully some wonk in the comments can tell us which performs better, is it better to have higher highs, or is it better to have higher lows? Regardless, the targeting and stop loss/trade management is pretty simple. For full performance just see the chart below. It does not get much easier than that. My linked idea about the XABCD butterfly will show a higher up target but that may take a while to reach. We already had a year of sideways and if we hit target with over a 9x who wants to be greedy and hold open a position for perhaps another year? The black flagpole target helped define a significant area for over a year and a half. I assume that if the $440,000 gets met that will likewise be a significant area for a long time. I, however, won't be in the game as I like my XABCD butterfly target of $375k much better. I, also personally, am not going to be doing a whole lot with btc as a trade, but I will be using it to determine where I think the market may stall and reverse. I have my positions and trades on in my preferred alts.
BITSTAMP:BTCUSDLong
by This_Guhy
6
TOTAL M.CAP SOON READY TO BOUNCE! MASSIVE HIDDEN BULLISH DIV. !!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Total market cap update. Total M.cap is moving inside a channel. Looks like soon we reached the bottom and the market will start pumping. Also, we have seen a hidden bullish divergence in the weekly time frame. That's a really massive bullish signal. Although, we might see the last drop or some wicks below so do not get trapped. Hold your BTC and also accumulate some good Altcoins on spot. Invalidation level:- If Total M.cap breaks below the channel then this chart becomes invalid. If you like this idea then do show your support and hit the like button. Also, share your views in the comment section. Thank You!
CRYPTOCAP:TOTALLong
by CoreCrypto1
4
Bitcoin's Stock to flow and Log Growth Curve suggest upside 30xBitcoin has been boring the last couple of months and has roughly gone sideways in a rather long range for the last year. The price action has been sideways some of the longer term indicators have been priming and suggest that the next move is to the upside. The stock to flow model comes and goes in popularity with the volatility of bitcoin. When bitcoin is impulsing to the upside people pay a lot of attention to the indicator. Then there are times like we are in right now, when the stock to flow has moved but price action is still roughly sideways. I myself historically have always doubted the stock to flow but it is putting more history behind it and so it seems to be more reliable than I have previously thought. There are several different versions of log growth curves and I find this one useful. It is subdivided into sectors and I have elected to simplify the curve by showing the top and bottom 14.59% as well as the middle portion of the band. For the last two pumps on the stock to flow bitcoin moved roughly sideways around one of the log growth bands for quite a while before pumping to target or beyond. For the last couple of months price has hopped on top of the lower band I defined and so far has done a good job of finding support. The Log MACD histogram is beginning to approach zero and the Log MACD is turning up. The hidden bullish divergence increases the probability that we will see a sustained move to the upside. If the last two trend pumps of the stock to flow are suggestive of this next uptrend we will still have to be patience for this move to slowly pick up steam. Hopefully we will see that strength pick up over the next two-six weeks. If the stock to flow ends up being accurate will will have to get a new log growth curve. First things first will be to see how this weekly pattern resolves. But I have seen plenty of TA around that so I won't replicate it here except to say a move to the top of the weekly keltner is likely, then retesting the horizontal level of the ascending triangle.
BITSTAMP:BTCUSDLong
by This_Guhy
9