Get started

Macddivergence

Bitcoin Double Bearish Divergence: the end must be nearEvery end also marks a beginning. I am not a fan of empty phrases but this works quite well the express that the end of the bear market might be very close and a new uptrend might start. So mainly we have a double bearish divergence in the 240min set-up of Bitcoin/USD on Bitfinex. We also have some resistance constituted by the bottom of a square of a simple Gann Square set-up. Also, I noted that the BTCUSDSHORTS on Bitfinex showing the amount of shorts are high. I screenshot may follow. Last but not least a candle stick analysis on a 60min set up shows that the supply wave looses in strength as expressed by the decreasing volume. Don't let the operators fool you and as always, trade safe!
BITFINEX:BTCUSDLong
by UnknownUnicorn1005877
1
IOTA Buy with DivergenceHi, I published IOTA in the middle of April and price broke out of its base shortly after and commenced a nice uptrend with an 80% return at its peak. After trading strongly it finally broke down in early May and has now consolidated and looking good for a buy again. Note the bullish divergence formed on MACD and RSI. These support a possible break above the falling resistance line as shown on the chart. A buy signal would be on close of price above the trendline. Don't buy until after the break is confirmed. A good short term target would be 80% of the way back to the recent high around $2.4. Stop below the recent low around $1.56 for a Risk/Reward of ~2. Good luck and good trading!
BITFINEX:IOTUSDLong
by mkat
Has Oil Gone Up Too Fast?In the past 10 months, the price of oil has gone up a lot. In fact, it did a whooping 66%! Sure, there may be fundamentals behind it, but nothing can go forever, not without retracements at least. Although, I don't know what the price of oil will in a year or two, I do see two major signs that point to, at the minimum, a temporary correction. 1. Rising Wedge When this shape appears at the end of a massive run-up, it often means that the buyers are running out of steam. The buyers are trying to push the price up, as indicated by the rising support and resistance line, but the rate the price goes up is getting slower and slower since the resistance is less sloped than the support. Soon, the price will be squeezed into an apex, and the market has to make a critical decision of whether to break up or break down from the wedge. However, it is much easier to break down as it can be done by just maintaining the price (going sideways). Like any other triangle patterns, there will often be continuation as people realize key supports have been broken. 2. MACD and RSI Divergence The price makes a higher high, but the RSI and the MACD fails to make a higher high. This is a sign that the rate of increase is starting to slow down after a massive price rise, signaling a loss of momentum by the bulls. Soon, the bulls need a retracement to recoup before starting another rally
TVC:USOILShort
by aoeuaoeu
EURAUD (Ending Channel and Bat Pattern) -4h At left side we can se half a pattern, which I published After Butterfly Pattern price went bullish and until I saw some divergence in MACD I planned a trade, we can see how it's up trend on chart, but down trend on MACD. Right away I managed to find a pullback, I measured bearish impulse by placing 0.236 below pullback and got exactly 0.618 at top, perfect retracement for a sell to -0.618. We can see how this entire consolidation is an Ending Channel -5 points (Not that clear like an Ending Diagonal) - respecting trendlines - 0-1 same distance as 4-5 - take profits around 0.786 - 0.886 area after to much consolidation there's always a clear impulse with this type of patterns (Ending Channel and Ending Diagonal) Price retraced exactly at 0.886 and at this point I saw this Bat Pattern - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - take profits at 0.382 and 0.618 (Fibo A-D) I expect price to complete this Bat Pattern for bearish continuation. Good Trading.
by DanielParra99
DXY Bearish Butterfly + 3rd Elliot Wave flag consolidation.As you all may know in my previous TVC:DXY analysis I shared a bearish trap in the weekly analysis , right now TVC:DXY is in a Bearish flag consolidation at our 4H chart and a Bearish Butterfly Pattern. Also you can see that TVC:DXY is losing strength in MACD and RSI indicators divergence indicated in chart, therefore is a good time to go selling short down to 89.9 zone. Remember that TVC:DXY directly affects all mayor pairs, therefore you can short selling pairs like FX:USDCHF , OANDA:USDJPY , OANDA:USDCAD or short buying in pairs like FX_IDC:XAUUSD , FX:EURUSD , FX:GBPUSD . Also I am glad to share that we are creating a Telegram Group for Forex Advance Helping with no fees and payments, only for forex advanced analysis sharing, If you want to join us, just leave a post in this analysis and I will contact you back. Safety Trading Folks!!!
TVC:DXYShort
by BrunoCarrascoLargher
5
Lesson 2: MACD Indicator - The heart of technical analysisHello Friends, Welcome to the Lesson 2. I hope y'all had been waiting for this one. Hopefully you all understood the first lesson on RSI really well, because this indicator when used with RSI, can do wonders in your trading style. Lets get straight to the lesson without wasting any time. Today we will study MACD (Moving Average Convergence Divergence) indicator. This is one of the most used indicators in technical analysis. This indicator fluctuates above and below the zero line. It highlights both the momentum and the trend direction of a coin. It may sound complicated, but it is fairly simple to use. In this lesson we will talk about how to use the indicator effectively, and what are some of the limitations it has. MACD Setup: As you can see in the chart, we have the MACD line in blue, and the signal line in orange. I prefer using the default setting for the MACD indicator as follows: MACD Line: 12-26 day EMA (Exponential Moving Average) Signal Line: 9 day EMA of MACD line How do we trade with MACD? So basically there are three types of signals within MACD: 1. Zero-Line crossovers 2. Signal Line crossovers 3. Divergence Lets go over each one of them in detail, and I will stay as clear as possible in explaining it to you. 1. Zero- Line Crossovers: Note: The Zero line is the dashed line I have drawn right in the middle of the MACD indicator on the chart. In simple terms, When the MACD line moves across the zero line, it basically means that the 12 day EMA (Exponential Moving Average) is crossing the 26 day EMA. When MACD crosses the zero line from below, it might be the beginning of a new bullish trend. Similarly, when the MACD crosses the zero line from above to below, a new downtrend might be starting up. In the chart example, we can see that there is a bullish trend going on right now, but there aren't too many zero line crossovers on MACD. I have marked some crossovers in yellow circles. You can clearly see that when the MACD crosses the Zero line from below to above, we see a price rise along with the MACD line rise until the MACD turns down towards the zero line. Similarly, when the MACD crosses the Zero line from above to below, we see a dip in the price. The strategy is simple. When we are looking to buy using MACD, we buy when the MACD line crosses the zero line from below. And then see it in profit whenever you are comfortable. When you have been holding a coin for a long time, and you see the MACD line crossing the zero line from above, that usually is a sell signal. It is a good time to sell if you are in profit. Basically you hold long trades until MACD crosses below the zero line. This method is profitable when strong trends emerge. Isn't this part simple? Good. Read it again so that you get one part of the MACD indicator really well before moving on to the next two signals. See the chart carefully. Keep in mind, this is not the only signal you use when you are trading. Now lets move onto the Signal line Crossover method. Read this carefully. Very important. 2. Signal Line Crossover: For this method we are going to look at the small arrows I have drawn on the charts showing the up and down movements both in the MACD indicators and the price chart. This method is preferred by most traders in crypto. It provides you more accurate timing compared to the previous method. It is very simple. We get a buy signal when MACD line (Blue) crosses the signal line (Orange) from below to above. Basically in the bullish direction. Similarly, we get a sell signal when MACD line (Blue) crosses below the signal line (Orange). From this method, we will get an early signal compared to the previous method we discussed. This will give us better and accurate results. Continue reading below.....
Education
by MoneyChartz
25
Take a step back and look at Bitcoin on the weekly chartBitcoin made a really strong move this week and a lot of people have turned bullish, noting things like a break of the major downtrend channel. This is not an accurate assessment. Bitcoin dropped by as much as 70% at one point ($20k - $6k). You do not use an arithmetic chart for long term trends in a market that changes by such large percentages. It is most appropriate to use the log-scale. That's what its there for. See link for more on this. We are still very much contained in the bearish downtrend channel so please be careful trusting charts that make such a claim. Although we are still in the bearish market, there are several indicators and chart patterns that give us some insight that the market is nearing the end of this trend. First, one possible chart pattern shows the formation of a possible symmetrical triangle which is often considered a continuation pattern of the previous trend which in the case of Bitcoin was a massive uptrend ( source ). Such triangles are characterized by decreasing volume leading to a breakout and two converging trendlines, with positive and negative slopes, respectively. Accordingly, we may be in one and near the end of it. These patterns often make five moves before a breakout. If this is the case, then we have one small leg down to re-test the trendline support before breaking upwards. However, if this support does not hold, then we may see a retest of the Feb 6th bottom (~$5800) or panic, causing a capitulation downwards where we may find support around $4800 or lower, although unlikely but all options are on the table. A lot of TA experts have been expecting such a capitulation so be prepared. Taking a look at the indicators, we have a bullish RVGI cross which buy itself is not a buy signal but accompanied with a MACD cross or histogram divergence might be a signal to go long. Currently, there is a MACD divergence in which the two previous trendline support touches with high lows had sequentially lower histogram values, hinting at least one lower move. I expect if we find support at the bottom trendline, we would like form a higher low on the histogram (purple squiggle) giving us a MACD uptrend but not yet a cross. The cross likely would not occur until after the bullish breakout and would be further confirmation of the new bullish cycle, so if you are an above average risky trader, you might not want to wait for the MACD cross but rather confirm an uptrend on the histogram. Similarly to the MACD, there is RSI divergence, but a higher low price at the support trendline would likely result in an upwards trending RSI. The large move this week was widely referred to as a 'short squeeze' where Bitcoin shorts were at an all time high and as shorts got demolished, the price increase compounded into large price gains. It seems as though we've already run out of gas on this move and the sheer power behind it should not be given any more merit than the short squeeze it was. Some analysts have also pointed to the eerie similarities between the 2014 crash and this one and although remarkable, history won't necessarily repeat itself but this would follow the capitulation case mentioned earlier. There are many more people who have been sitting out waiting to jump in, just look at the most recent push, but people are also more careful now than ever and more willing to pull out at early warning signs like a support break down, or worse, a break of the potential double bottom at $5800 (0.786 fib level). Sorry for such a long write up but I hope it was useful. A few scenarios might play out. I am also more than willing to accept that we are already in a new bull market after confirmation of the downtrend break out on the log-scale. Either way we are near a large price movement either up or down. Be prepared and know what to look for. Peace and Love, crypt0guy
BITFINEX:BTCUSD
by crypt0guy
Bitcoin; Short correction before another wave up.Due to the explosive nature of the price action and the huge volume, it appears that Bitcoin is forming a set of impulse waves that could be the start of a new uptrend. Bitcoin is still missing its fifth wave and will likely test 8500-8600 region, the major channel resistance from the past two months. However, on the shorter time frame, it appears that Bitcoin has formed five sub-waves in wave 3 and will proceed to wave 4, likely correcting to the 0.382 to 0.5 Fib regions. The divergence on the MACD or RSI supports this conclusion, indicating that Bitcoin is losing steam for the time being. Since wave 2 was a deep correction, wave 4 will likely be shallow. Possible Trade Setups: Short Wave 4 Entry: 8100 Stop: 8400 Target: 7660 Timeframe: 1-2 days Long Wave 5 Entry: 7640 Stop: 7110 Target: 8500 Timeframe: 2-3 days
BITFINEX:BTCUSDLong
by aoeuaoeu
What is the 'Moving Average Convergence Divergence - MACD'Introduction Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, the MACD offers the best of both worlds: trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because the MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels. Note: MACD can be pronounced as either “Mac-Dee” or “M-A-C-D.” Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals. BREAKING DOWN 'Moving Average Convergence Divergence - MACD' Moving average convergence divergence (MACD) indicators can be interpreted using three different methods: 1. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting getting "faked out" or entering into a position too early, as shown by the first arrow. 2. Divergence - When the security price diverges from the MACD, it signals the end of the current trend. For example, a stock price that is rising and a MACD indicator that is falling could mean that the rally is about to end. Conversely, if a stock price is falling and the MACD is rising, it could mean that a bullish reversal could occur in the near-term. Traders often use divergence in conjunction with other technical indicators to find opportunities. 3. Dramatic Rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels. Traders will often combine this analysis with the Relative Strength Index (RSI) or other technical indicators to verify overbought or oversold conditions. Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.
Education
by TheWolfOfBinance
DIGIBYTE (DGB) - 3100% Earnings Possible - Seriously?Hi our dear Family! This is incredible but can be real. YES 31X on return! So short summary of what DGB actually is. This is the most decentralized cryptocurrency in the world - 190 000 nodes. 5 mining algorythms. Real-time diffiuclty adjustment. 15 second block time. We tested the speed of the transfer - From exchange to cold wallet less than 30 seconds. 560 transactions per second. Strong team with strong leader - Jared Tate hk.linkedin.com Many exchanges where you can buy DGB (Poloniex, Bittrex, OKEX, Cryptopia and many more). Faster, cheaper than BTC, BTCcash, Litecoin - steemit.com litecoin-ltc-and-digibyte-dgb Technical Analysis details: We are at the bottom according to fib. levels. We can go even lower that is why be aware of this coin. If the whole market recovers we will go immediately up so again watch this coin. Positive MACD divergence which is huge POSITIVE. Buy zone : Between 88 - 250 st depending on the market Fib levels targets: 1. 726 sat 2. 1116 sat 3. 1432 sat 4. 1747 sat 5. 2196 sat 6. 2769 sat (ATH) Time frame - depending on the market - 1 - 3 months What do you guys think? ALL IN? :D
Long
by WBM_Team
12
TRON (TRX) - 350% Possible Earnings - Risky Hello Crypto Family. Today we have TRON on our radar. One of the few which is actually growing. This is solid project with experienced team on board. tron.network In terms of market cap it is in top 10. Decent rates on coingecko (72 %) where it's ranked on 8th place just behind the NEO and EOS. Good rating on coincheckup 4.2/5 stars (again in top 10). Today`s volume over 3.3 Bln $ . Last 11 out of 13 sessions were green. It has a lot of liquidity (Binance, Bittrex, Bit-Z, OKEX, Bitfinex and more). They launch Testnet tomorrow which can be the reason of the upward movment but not necessarily. Some technical analysis details: It seems that Shoulder-Head-Shoulder pattern didnt work out. We are at the bottom comapring Dec/Jan and we have strong up movement. MACD positive divergence - strong buy signal DMI bulls cross The chart crossed SMA50 chart Strong Volume Fibonacci Levels: 1. 0.00000749 2. 0.00001039 3. 0.00001273 4. 0.00001507 5. 0.00001841 6. 0.00002023 (ATH) Time frame 1-3 months depending on the market. What do you guys think? Share your ideas and thoughts with us. We need you, we want you! Hugs! CURIO: New organ in human body was lately discovered. A new organ has just been discovered in the human body after scientists had missed it for thousands of years. Scientists have identified a new human organ hiding in plain sight, in a discovery they hope could help them understand the spread of cancer within the body. Layers long thought to be dense, connective tissue are actually a series of fluid-filled compartments researchers have termed the “interstitium”. These compartments are found beneath the skin, as well as lining the gut, lungs, blood vessels and muscles, and join together to form a network supported by a mesh of strong, flexible proteins.
Long
by WBM_Team
5
IOTA could be potentially ready for a REVERSAL (Part 2)Here's the link to the first chart I published on IOTA last week: In the 4H chart IOTA has shown good strengh going over the 0.00014000 levels (increasing volumes). The green horizontal ray now I think it's a support area for the coin. It needs to going flat for a while inside the Ichimoku Cloud and then break upside the descending trendline (in yellow). Only in that case it's a potential reversal. Always wait for the confirmation. This time I've choose to show more information on the chart about MACD bullish divergence, Stochastic RSI and the rest of my notes. Visually it's more intuitive and simple to understand I hope. Remember that I'm not a professional trader. So I obviouly make mistakes. So, If you have some suggestions don't hesitate to write them in the comment section below. Bye guys
Long
by AlbertoRossi