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Hidden Bullish RSI Divergence

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
BTC daily chart still intactBTC daily chart. As you can see, BTC is still following the Bullish ascending channel for the last 281 days. When the entire world keeps the narrative that BTC has crashed to nothing, it continues to do what the chart has been indicating... Until BTC breaks the lower trendline, this chart still stands very strong...BTC also continues to show Hidden Bullish Divergence...that is where there Price has a higher low, and the RSI has a lower low...I believe MOST traders and Technical Experts, continue to miss this very important indication. -Zoom in on the other notes to see some of the fine analysis.
BITSTAMP:BTCUSDLong
by bylerzone
BTC 3 day chart continues to follow the bullish channel!BTC 3 day chart. As you can see, BTC is still following the Bullish ascending channel for the last 281 days. When the entire world keeps the narrative that BTC has crashed to nothing, it continues to do what the chart has been indicating... Until BTC breaks the lower trendline, this chart still stands very strong...BTC also continues to show Hidden Bullish Divergence...that is where there Price has a higher low, and the RSI has a lower low...I believe MOST traders and Technical Experts, continue to miss this very important indication. -Zoom in on the other notes to see some of the fine analysis.
BITSTAMP:BTCUSDLong
by bylerzone
BTC 3 day chart continues to follow the bullish channel!BTC 3 day chart. As you can see, BTC is still following the Bullish ascending channel for the last 281 days. When the entire world keeps the narrative that BTC has crashed to nothing, it continues to do what the chart has been indicating... Until BTC breaks the lower trendline, this chart still stands very strong...BTC also continues to show Hidden Bullish Divergence...that is where there Price has a higher low, and the RSI has a lower low...I believe MOST traders and Technical Experts, continue to miss this very important indication. -Zoom in on the other notes to see some of the fine analysis.
BITSTAMP:BTCUSDLong
by bylerzone
2
LINK 3 day chart looking solid!!!!CHAINLINK (LINK) 3 DAY CHART The purple rectangle box is the consolidation zone along with the support box. LINK must break above the HULL SUITE Indicator first, then move above the red line of the Bull Market Support ribbon, to really make this chart shine to the upside. This Chart is showing Hidden Bullish Divergence, which means the price has a higher low, and the RSI has a lower low. to hit those yellow dotted lines of price targets. If it breaks those two ribbons and breaks above the white trendline, we could have massive moves to $100-$150 this year. Zoom in on the chart for more notes.
BINANCE:LINKUSDLong
by bylerzone
THETA TOKEN HAS HIDDEN BULLISH DIVERGENCETHETA TOKEN: HIDDEN BULLISH DIVERGENCE IN THIS WEEKLY CHART. Theta has been super bullish for nearly 600 days, yes we did see a long consolidation period, but its coming to a decision time on the weekly chart. looking at the RSI, its about to break resistance and remain bullish for a large move up. If history would repeat itself, look at the projected numbers from a bars pattern perspective. Another note is that THETA LABS is the only crypto that has the patents to expand broadband internet. They have said to have nearly 100 patents in the future. just looking at the chart and some fundamentals. not advice, just charts here. If you look at what Solana has done, these #'s are possible. look at the comments listed on the chart for more details.
Long
by bylerzone
12
Bullish Divergence for BTCIt looks like BTCUSD is showing some signs of reversal from the current downward trend. On the daily chart (left side), you can see that the price of bitcoin has migrated into a small downward channel that began at the beginning of December potentially forming a bull flag. This can further be seen as a bullish sign of reversal based on reversal bullish divergence showing on MACD (dotted yellow lines) as well as the fact that the price is approaching the 78.6% Fibonacci retracement line from the dip back in May (I generally consider the 78.6% Fibonacci level to be a "reversal level"). Furthermore, on the weekly chart (right side), the uptrend looks to still be in play, showing bullish continuation divergence on RSI (dotted yellow lines) as well as a potential ascending triangle forming if a bounce occurs here (dashed blue lines). However, I must note that I am somewhat optimistic in this chart based on the fact that I started to draw out this channel and the trend about a month and a half ago after the recovery from the dip in early December and was a result of my noting how reminiscent this dip is of the previous dips we have seen in the upward trends from the past year. That being said, I have drawn two pitch forks on the daily chart showing that the price looks to be slightly outside of the upward trend right now and potentially could head into a downward trend. If that does occur, I caution everyone that the price could head into the downward channel back to near 27K and potentially to 16-22K afterward. Either way, it looks to be like a key moment is approaching, with a short term potential to continue to dip near 36-37K, but a potential for some price positivity on the horizon soon. That being said, as always, this is solely my opinion and not in any way meant as financial advice, but please like and comment if you agree or have any thoughts!
COINBASE:BTCUSDLong
by crypto_trends
1
SHIBA Looking Pretty Bullish for Short to Mid termBelow are the Reasons for WHY i am Bullish on SHIBA :- 1) Massive Hidden Bullish Divergence :- As you can see in chart below, there is MASSIVE Divergence between Lowest low of Shiba to Current Recent Lows on Daily Timeframe. 2) Shiba sitting in Demand Zone & Consolidating :- Shiba is also holding its Support Zone very well and despite all ups and downs of Stock Market, it has held its' Recent Lows 10 Days ago very well. 3) Shiba Making a Falling Wedge :- Falling Wedge is a Sign of a Reversal in Trend and is a Bullish Pattern and It indicates that Shiba Might be experiencing Bullish price action for Short to Mid Term for foreseeable future. 4) Trend analysis of Shiba :- Shiba is making Lower lows and Lower Highs; but they are becoming smaller & smaller. Now Sitting on Major Support, Shiba might be making higher highs and lower lows for Short to Mid term soon enough. 5) BTC also Looking Bullish :- Reasons for Failure of this Trade :- 1) MARKET CRASH COULD be Biggest Reason for this. :- If Russia starts fight with Ukraine then Technical Analysis won't matter and Market would straight up Dump. There is already so much FUD in market because of FED and interest rates and 10YR Bond Yield Shooting Up. But i do believe , they cannot afford another Market Crash and will do everything to avoid it. If that happens and if BTC Breaks down 40k Support level then, INVALIDATION POINT/ Stop Loss and Target Price would be :- This is not a financial advice. This is just my personal view because of which i am long. Trade Safely Everyone.
Long
by StunnerStock
Market Finally Making a Potential BottomThanks to FED & Jerome Powell for shaking market by its Roots and causing HAVOC in the market recently. IF Stock Market doesn't stop here then we can well be in a RECESSION Territory after Breaking this Lower Low :- Tightening Monetary Policy, Increasing Interest Rates, & Cutting off Asset purchases and clearing their sheet by selling Assets they are holding to increase their cash on hand. They are pulling cash out of the system. All of this is WAY TOO AGRESSIVE approach, that market did not EXPECT from FED , for the MESS FED has created. They just want to clean this MESS as soon as possible on cost of a Recession seems like it. Rest, I have stated all the points in the chart. Also, This is not a financial advice at all. In this idea, i am just sharing my view with the community. Trade safely and watch out for next FED meeting or Jerome Powell interview.
CME_MINI:ES1!
by StunnerStock
4
Bitcoin : Buy the Fear & Sell The GreedBitcoin lately has been testing Patience of many traders and making holding longs way more fearful for many Traders. I would like to Represent "The CONTRARIAN VIEW" for BTC in this Analysis. --------------------- TWO BASIC GOLDEN MANTRA's in TRADING --------------------- Before starting anything, I would like to discuss Two Concepts in Trading that are like Golden Mantra's or Golden Rules of Success in Trading. Those are :- >>>>>> Buy Low, Sell High <<<<<< OR >>>>>> Sell High, Buy Low <<<<<< Although, These concepts seem very simple & easy to interpret; But, These "BASIC" concepts are "EXTREMELY" hard to execute. Some call them luck, Some call them Skill. Some call them... Probabilities . ------------------ Social Sentiment & "BUY THE FEAR" View Explained --------------- 1) If we look at Social Sentiment & Market Sentiment, it has been bearish for last 3-4 weeks now. From last few days, Majority of the Retailers have turned "BEARISH". & They are looking forward to sell the Rallies at this point. 2) Please Ask yourself a Question, Would whales short at this point ? Probability is very Less that at Such good Support Level Whales would Sell their BTC and SHORT BTC. 3) Using Fear & Greed index, It can be observed that We are currently Sitting on EXTREME FEAR in Crypto Market. So, IS IT "NOT" Supporting One of the CONCEPT GOLDEN MANTRA OF TRADING, Buy Low & Sell High ? Also, Isn't it very LOW RISK at this level to go Long ? ---------------- My Reasons to be Bullish on BTC & Crypto Market for Short to Mid Term ------------------ 1) Double Bottom : 2) 2-Day Timeframe Bullish Divergence : 3) 4-Hour Timeframe Bullish Divergence : 4) Not so Good looking Falling Wedge :- 5) Hourly Timeframe Demand Zone Retesting : 6) 8-Hour Timeframe Look on BTC : Considering all of these Abovementioned Reasons, I, personally, am long on BTC & Crypto for SHORT-to-MID-Term. However, if i am wrong, and then for me, Invalidation Point is 39.5-40k : This by no means is a financial advice. This is just my personal view and despite i am right or wrong, Trading is a game of Possibilities and Probabilities. Thus, my view is Bullish for BTC for now and for upcoming few weeks. Market likes to teach us a new Lesson everyday. So, i am happy to be wrong if that is the case. Rest, enjoy everyone & Trade Safely.
COINBASE:BTCUSDLong
by StunnerStock
5