Hidden Diveregence : Bitcoin still got the strength to go North.Hey guys, How are you doing? I hope the market is treating you well and the hype is on the verge to explode like it always did in the previous pre-bull run scenarios.
In today's insight I just want to remind you that a hidden bullish divergence is on the build up on the 4H time frame which can be considered as one more confluence and validation for the continuation trend.
Divergences not only signal a potential trend reversal but can also be used as a possible sign for a trend continuation (price continues to move in its current direction).
Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you!
Hidden bullish divergence happens when the price is making a higher low (HL), but the oscillator is showing a lower low (LL).
This can be seen when the pair is in an UPTREND.
Once price makes a higher low (HL), look and see if the oscillator does the same.
If it doesn’t and makes a lower low (LL), then we’ve got some hidden divergence in our hands by which we are seeing the scenario on Bitcoin's 4H timeframe chart.
I will be updating more on the overall market trend and will give a weekly analysis on the end of the weekend. For now stay safe on your trades and keep learning.
Wishing you a best weekend to have and stay blessed too.
Hiddendivergence
BTCUSDT Wave B seems to be accomplishedBTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C zigzag correction phase.
I Cannot Long This !!!Hello
The USDCHF currency pair is in a bearish phase by reaching a PRZ zone.
⭐ Bearish signs in the PRZ region are:
- Trend line
- Descending channel breaking
- Moving MA50
- Weekly pivot
-Fibo 50%
⭐ and the downward signals of market momentum are:
- Hidden Divergence in MACD
- Time divergence in the last 2 waves
➡️Note that you should wait for the break of the trend line and pullback to it, or enter the market after seeing strong bearish candles.
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Have a nice day and Good luck.
GBPCAD About to Make an Upward Move!The GBPCAD currency pair is in an upward phase by reaching a PRZ zone.
⭐The bullish signals in the PRZ area are:
- Trend line
- Breaking the descending channel
- Moving MA20
-Pivot weekly
⭐ and the bullish signals of market momentum are:
- Hidden divergence in MACD
✳️ Note that you should wait for the break of the trend line and a pullback to it, or enter into a buy transaction after seeing strong bullish candles. On the other hand, if PRZ breaks down with the strength of bearish candles, this analysis ours will be failed.
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Have a nice day and Good luck.
📊 3 Types Of DivergenceRSI (Relative Strength Index) is a commonly used technical indicator in trading that helps identify overbought and oversold conditions in the market. It measures the strength and speed of price movements and provides traders with valuable insights into potential trend reversals. When analyzing RSI, three types of divergences can be observed: regular, hidden, and exaggerated divergences.
📍Regular Divergence: Regular divergence occurs when the price and the RSI indicator move in opposite directions. There are two types of regular divergences: bullish and bearish.
📍Hidden Divergence: Hidden divergence refers to a situation where the price and the RSI move in the same direction, but the RSI signals a potential trend continuation rather than a reversal.
📍Exaggerated Divergence: Exaggerated divergence is a type of divergence where the RSI signal extends beyond the typical overbought or oversold levels. It suggests that the price is showing extreme momentum and could potentially experience a significant reversal.
In summary, regular, hidden, and exaggerated divergences in RSI analysis provide traders with valuable insights into potential trend reversals and continuations. By understanding these divergences, traders can make more informed decisions regarding their trading strategies and positions in the market.
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Dollar IndexOf course we know that hidden divergences are indications of trend continuation. So if we are at the right side of the probability, it is likely for DXY to continue the downtrend.
If so, then we are expecting to pass the level indicated in the picture. That being considered, we'll get a Breakout signal.
CAUTION: THIS IS THE TECHNICAL SIDE OF THE MATTER. ANY PROBABILITY SHALL BE BALANCED ACCORDING TO FUNDAMENTAL PARAMETERS.
Symmetrical Triangle - Watching closelyWatching LAC and the lithium sector closely here- LAC is currently holding a massive symmetrical triangle on the daily timeframe while holding an even larger falling wedge on the weekly timeframe (See Attached Charts Below). Additionally, LAC is sitting right on its 100-day SMA, which, is has been acting as a strong support level for quite some time. LAC's EMAs are starting to curl upwards as well (Not Pictured), accompanied with a bullish cypher harmonic pattern on the daily timeframe, and lastly some bullish hidden divergence on the RSI on the weekly timeframe. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime
-- Price Targets & Previous Charts Attached In Description -
PT1- $27.69
PT2- $28.56
PT3- $29.96
PT4- $31.15
--Weekly Timeframe--
--Previously Charted--
A potential divergence between S&P 500 and VIX.A lower low in the VIX not confirmed by a higher high in S&P 500 is a potential divergence. Previous tops and bottoms have seen similar kind of divergences where either one of the two does not confirm the move and hence results in a trend reversal.
Note- This is not an investment advice.
Tue 22nd November 2022 Daily Forex Charts : 7x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CAD Sell, AUD/USD Sell, GBP/JPY Buy, GBP/NZD Buy, USD/CAD Buy, USD/JPY Buy & XAU/USD (Gold) Sell. A few of these are higher risk and there is obviously some correlation here, so be aware of risk % per trade and overall risk. Enjoy the day all. Cheers. Jim
USD Index multiple Bullish signalsUSD Index looking very bullish. Double bottom formed on the weekly and monthly. Monthly MACD cross up about to happen, last time that happened about June 2018 we jumped over 15% from 89.229 to 102.992. If we have a jump 15% from last low it would take us to about 104.457. Double bottom target is about 96.50. RSI on the monthly going up over 48 about to cross up over 50. Bullish Hidden divergence on the MACD as well. All just possibilities.
Fri 4th November 2022 AUD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CAD Sell. I have left the Buy trade on the chart that was stopped out as I need to show my readers this in my weekend YouTube video. So currently only have this new Sell and a partial Sell trade on now. Enjoy the day all. Cheers. Jim
Tue 1st November 2022 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim
The "Hidden RSI Divergence" and a LIVE TRADEFinding regular divergences is an easy thing especially when you're using the heiken Ashi algo oscillator but finding hidden divergences can be a little bit more complex. So in today's video I'm going to show you how to find hidden divergences and what you should do with them.
Obviously step number one is go to the community scripts on tradingview and search for Heiken Ashi Algo Oscillator
If you Have any trouble finding it just follow this link
What you're watching me do in this video is identifying hidden Divergence has and I am doing a live trade.
I am also discussing the importance of setting your support and resistance levels as well as looking at your charts, doing your analysis on a high time frame and then doing your actual trades on a lower time frame.
In the previous video as I've mentioned before anything happening between the green and red or + 10 + - 10 range of the oscillator anything inside that area is irrelevant you don't care about heiken Ashi values or oscillators values or anything inside that area so when you have your RSI cross for example above the 0 level you also need a hike and as you candle to close above + 10 when you have your RSI value across below the 0 leveled you also need a heiken Ashi candle to close below the -10 level.
One thing to note is the major difference between regular divergences and hidden divergences is this.
When looking for Regular Divergence has you are looking for highs above the +10 of the oscillator or you are looking for Lowe's below the -10 level of the oscillator.
However with hidden Divergences it is different. a hidden Divergence will be the Lowe's above + 10 and the highs below -10. So at this point you are looking for the highway 6 or the low wicks in those areas.
But ultimately you still trade them the same way. Meaning that if your RSI slope is to the down side then you have to be ready for your price to move down. If the slope of your RSI Divergence is to the upside then you have to be ready for price to move up.
I could do my best to tell you in this dialogue how to do this trade however it would be best for you to just watch this video and ask questions below.
Mon 26th September 2022 GBP/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Sell. Enjoy the day all. Cheers. Jim
: Fri 23rd September 2022 GBP/NZD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/NZD Sell. Enjoy the day all. Cheers. Jim
Short AUDCAD Hidden DivergenceThe AUDCAD has recently completed a triple top and has formed hidden divergence on the MACD. This is signaling a continuation of the downtrend. Also the COT Report has the Australian Dollar in a heavily short position and the Canadian Dollar positively long which setup up a nice short for us. Both of these currencies are commodity correlated. Gold is falling( Aussie correlated) and Oil is looking for a rebound but also falling( CAD corelated). And the Market cycle for this pair is bearish for Aug 2 to Sept 28.
Entry 0.8955 | SL 0.9110 | TP1 0,8850 | TP2 0.8750
Nas100 4h Hidden Bullish DivergenceIf you thought the trading was terrible wait till you see this chart.
God damn, everything has to either a. not trade at all or b. monitored
every 3 seconds. The 4hr divergences trumps the 1hr. And weekly the daily etc.
Sorry about this whipsaw but it's the nature of the beast.