Hidden Bullish RSI Divergence
Hidden Bullish Divergence? [SHORTTERM]Bitcoin is maybe forming a Hidden Bullish Divergence on the 4 Hourly Chart. For the Divergence to "confirm" the Price needs to stabilize on the Levels it is by now.
A further breakdown could also lead to an Exaggerated Divergence. For this to happen, the Price of Bitcoin would need to dip to 48'025$ but not below and the RSI should still move downwards. A break below 48'025$ would invalidate the Divergences.
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This Analysis is not intended to be investment advice. Always DYOR.
Corn: Early C Entry on Bullish ABCD BAMM to the 1.13 ExtensionCorn seems to be Breaking Out Bullishly from a Descending Channel and the Projected AB=CD move would take us to the 1.13 Retracement. We may be able to take advantage of this Projected move by Entering now on the Breakout and an attempt to capture the CD leg's Projected Move Up.
We also have a bit of RSI Hidden Bullish Divergence to back up this Potential Early C Entry.
BTC 83k in Q1 2022Bitcoin looks like it is about to enter a 3 months of bull-run. Wave theory and hidden bullish divergence on rsi with a positive overall sentiment around the world after the omicron panic indicates that bitcoin is going to have a really good quarter. My personal price estimation is close to 83k.
Piercing Line Above Previous Resistance May Take SOL Up To $320Sol retraced down to the PCZ of a small Bullish Bat Pattern above previous resistance and we reacted well to it and used it as a support to form a Piercing Line Bullish Reversal Pattern, now the RSI is showing signs of Hidden Bullish Divergence as well as the MACD.
This looks like it could be the final test before we finish our ABCD move up that would take us to around $320
LTC Hidden Bullish Divergence at Neckline of Double BottomLitecoin doesn't seem very likely to let BCH outperform it as seen on the LTC/BCH chart, with BCH going up the only way for LTC to outperform BCH would be for LTC to go up as well so i think this Double Bottom has a higher probability of working out for us in the end.
Solana Looks Like it Wants To Take Some of ETH's Market CapSOL/ETH has a potential ABCD BAMM which looks more likely to playout now that we have a nice looking Bullish 5-0 formation at the highs with a decent amount of Hidden Bullish Divergence. This may lead to us rallying up to and above the B point of our ABCD which by then we should have a clear runup to the D point at the 2.618 Fibonacci extension.
BTC.D Looking To Continue It's Ascent Into the 50sBitcoin Dominance showing great amounts of hidden bullish divergence here signaling that the decline in alt coin valuation towards Bitcoin may not be over yet.
On more thing to point out here is that soon we will be getting a golden cross on the daily.
Bullish Hammer at PCZ of Gartley with Hidden Bullish DivergencePTON Had a crazy dump day the other day and lots of v9olume sold out of the stock we then spent a few days at the 78.6% retrace and we now seem to be getting a reaction, so long as we close the day like this, this should be a good bullish signal to enter. i will buy some shares and some calls here.
$CGC Revisiting The Bat PCZ For a Second Time.CGC had a bullish setup in this area before why not try and go for it again and potentially fill the wick that we created during the last run?
We have bullish Divergence on both the MACD and RSI suggesting that we may get a bounce from this zone again and this time we may even go higher than the last time.
Check out the related idea section if curious as to what conditions CGC was under just before the last bearish reversal.
Weekend target of 56k possible for an ABC correctionThere looks to be a high possibility that bitcoin is currently in an ABC correction coming down from the current ATH.
As shown, A ended at ~59.5k with a 5 wave correction down and now we are an ABC correction (shown in green) for a larger B correction up.
I think from here bitcoin will fall back to the 61k region with a bounce to 64k to complete the B wave.
Note: A break of 59.5k would invalidate this and we would have to say Wave C down has begun with Wave B ending at 63.7k and have to find new potential targets and Wave counts.
Then after, 5 waves down to complete the C wave which shown by an estimation of a 1 to 1 retrace puts it near 56.5k.
As to the timing I use parabolic curves (I have found to be good at finding reversals) for the B wave ending on the 4H chart:
For the ending C wave:
This also suggests that it may drop to around 56k as there is a strong potential for support here as shown by the green horizontal line drawn in.
I would say most likely a bounce will happen in this area as long as it follows this path.
There currently is hidden bullish divergence on the 4H RSI which I believe to be playing out now and also a hidden bull is showing on the daily.
I believe for the daily RSI though there is potential to be a stronger hidden bull that will occur following this ABC correction
Yellow - Current Hidden Bullish Divergence
Green - Potential Hidden Bullish Divergence at the end of Wave C
To invalidate this being an ABC correction, or to say it already completed, it will need to break the current ATH, then I will need to reassess as to where the new target may be.
As to what this means overall for bitcoin I will wait and see as to what happens next.
If this is a B wave we're currently in I will like to see where it ends first. After that it would be more accurate to figure out where Wave C would end and then determine what count we are starting on the larger time frames (Weekly and up).
I will post more ideas to this and more about the idea of still seeing a new ATH in the near future and what the potential target(s) may be.
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***