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Macdivergence

BTCUSD - Descending Triangle (Breakout) & MACD Bearish DivergentHi All, Here is my simple explanation for this TA. 1. Descending Triangle (Breakout). We are in the breakout area of the descending triangle. you can see spike in volume at the breakout after the declining in the volume from the beginning of the pattern is formed. 2. MACD Bearish Divergent. To spot this pattern, you require to check on the blue oscillator which is 12 EMA. It show higher high and the MACD histogram is showing higher low before the reversal. This TA is for Educational purpose and not a financial advice. If you are happy with my charts and would like to follow more in the future, feel free to follow my profiles.
BITFINEX:BTCUSD
by OPassiveIncome
GE- Finally will be going up Today I will be covering GE. As you can see there is strong dpo and MACD bullish divergence. This is a good sign for a start of an uptrend. In addition it seems to have finished the C wave having a strong bounce today. In addition both indicators look like they are forming a nice triangle pattern and they seems ready to explode out of it. This explosion will bring a nice uptrend and leave GE at 18.31. The only thing that may stop GE forming finally gaining some momentum is a big stock market correction which is very possible.
NYSE:GELong
by charlief782
Basic EW count : A retest of Fibonacci 0.618 ? Only a quick update of my precedent chart. I think every informations are in the chart. If bulls can't maintain BTC above 10k we will probably retest our precedent Fibonacci support with possible extended wave. The green zone is a buyback opportunity, i expect a rise to a minimum of13000$ area after this where traders will probably take some huge profit. You can see on the 4H MACD both positive and negative divergence (lower highs and higher lows) which shows that the correction could soon be over if the triangle is not breakdown), 4H RSI shows the possibility of the continuation of lower highs but doesn't confirm the bullish divergence of MACD. MACD is ready to cross and the volume of the wave 5 is exponential. As always i'm not a financial advisor, i do chart for my personal entertainment and trading. Do your own research, good luck everyone !
COINBASE:BTCUSD
by KassandrA_dotcom
USDCHF 15M short | evening Star Patterntrade entry opened overnight. See previous idea that outlines my entry goal. Candle Pattern: evening Star Trend: up Trend Entry: against TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: 1.0 Stochastic: over-bought MACD Histogram: contracting down 200SMA: above BB: n/a Pivot Point: R1 Elliot Wave: elliot wave 5 possibly completed and looking for the start of ABC correction. Notes: evening star formed around the 1.0 level and the R1 pivot point stochastic showing overbought macd histogram showing momentum slowing to the updside. Crossover just happened TP Goal around 40 pips but will let it ride as far as possible to point A What can go wrong: elliot wave 5 could continue to make new highs and blow past my SL.
Short
by ironcondor
BTCUSD - Detail Analysis on BitcoinHi All, This is for Educational Purpose. This Post is not based on single charts above, more will come below to complete the Analysis. Let start with basic analysis on a day chart. 1. 2 Nearest Trend line with current price action is been made. a. Uptrend from old trend line b. Current down Trend Line . 2. 250 Days SMA and 300 Days SMA is use to identify the bottom of the price action. 3. Previous Support/Resistant line at 7430.3 and 6954.4 is created from previous support/resistant points. (It also where previous bounce happened). 4. MACD chart is added to identify current trend following and momentum. Main Chart Summary: 1. From current Down Trend Line , we are still in Bearish Market, where we are still not break down trend line . To breakout from this bearish market, we require to move to down trend line breakout zone (Blue zone). 2. With current momentum identified from MACD Oscillator, the 12 EMA is diverge more further from 26 EMA , this means downside momentum is increasing and down trend is still ongoing. 3. Where from 2nd summary above, we probably won’t be stopping at 250 Days SMA , we probably goes down to 300 Days SMA . Let’s Continue to more details Analysis below (More charts is coming, stay tuned!!) **This TA is for Educational purpose and not a financial advise. If you are happy with my charts and would like to follow more in the future, feel free to follow my profiles.
BITFINEX:BTCUSDEducation
by OPassiveIncome
4
SX5E: Potential downside to 3100The SX5E is a much narrower index relative to the Stoxx 600 (check out my earlier post) but you get the same bearish conclusion. The SX5E is constrained by a major downtrend line marked by the 2007 and 2015 market tops, it is building somewhat of a expanding megaphone pattern over the last year and a massive MACD divergence from the price action. The last major down swing in Europe lasted for 1 year and I would imagine this down swing to be no different. This year is turning out to be a real dog.
TVC:SX5EShort
by WellTrainedMonkey
EURAUD (Bearish Butterfly Pattern) -4h ChartBearish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 (on this case it went a little higher because of Euro news) - TP 0.382 TP2 0.618 (Fibo A-D) X to D distance is 1.618 (1.618 golden ratio!) X to B distance is 0.758 (around 0.786!) A to C distance is 0.862 (around 0.886 retracement) B to D distance is 2.317 (around major retracement 2.618) Good Trading
Short
by DanielParra99
Bitcoin battles above 9k!Ichimoku Kinko Hyo - Chikou Span (Green) - The lagging line has reversed into a bullish uptrend, but we have yet to see bullish up-cross we want for a buy signal. - Tenkan Sen (Red) - Turning line has shifted into a horizontal direction. Indicating the market is within a ranging phase. - Kijun Sen (Blue) - Our Standard line has dropped below the price, and it confirms the bullish uptrend we've seen over the past few hours. That is only a small uptrend within the overall bearish channel the price is moving through. It also confirms the formation of the double top. - Senkou Span A & B - Senkou Span A and B are acting as resistance at 9,133 & 9,804 respectively. The Kumo (space between span A & B) is widening which indicates the volatility is further increasing. MACD - We saw a big bullish divergence on 3/19 at 18:00, and BTC is headed into a phase of being overbought. Stochastic RSI - We are very near the ceiling on the StochRSI at ~98 and signals some consolidation may be needed before we potentially continue the small rally we've had the past few hours. Volume Volume is bearish and shows some traders selling off while we are in that overbought area. Chart Pattern Previously an ascending triangle was in formation that may be turning into a bearish symmetrical triangle. Candlesticks We saw a hammer bottom 12 hours ago followed by 3 white soldiers rallying the price from 8600 to 9400. At that price point resistance was met and we saw a Shooting Star form. Psychological Support + Resistance (Purple) We saw Bitcoin bounce off the 8,400 psychological support. There was very little bullish momentum after the 9,200 resistance was broken, and we see a bearish candle forming on the chart with the price on top of this psychological support. Fibonacci Retracement During our bullish rally price moved from below the 0.5 level and turned it into support. With the price sitting on psychological support currently, we can see our next level of support is the .382 fibonacci level at ~9,088. Conclusion Over the next few hours I think the bears will be pulling us back for some consolidation after such a large rally. I expect the price to fall as low as 9k. Best case scenario our buying volume increases and we rally out of the downward channel we are currently in. This would happen at ~9.5k. Watch for the Chikou (Green) to cross the price, and Kijun (Blue) should stay below the price. Our worst case bear scenario that I see playing out from this would be support breaking at the 9k mark. If this happened we could possibly fall to 8.3-8.5k. Where we know there are a lot of bulls waiting.
BITFINEX:BTCUSD
by SpektreSignal
Bitcoin Correction Likely Not Over Yet!****Note: I'm not sure why the main graph is not showing all pertinent information...please look at photos attached below for better idea!**** It seems certain that an Elliott ABC correction completed for BITFINEX:BTCUSD ; however I am not quite convinced a new impulsive wave have formed. Therefore, we are currently undergoing a "double three" correction. It appears we have developed a 3 wave pattern (3-3-5) since completion of our ABC correction which may indicate this is an "X" wave of a larger WXY combination corrective wave in which "W" represents our initial ABC corrective wave, "X" represents our current position as a reactionary wave, and "Y" represents a continuation ABC correction that has yet to come. 1Day Chart:
BITFINEX:BTCUSDShort
by eth_head
BTC Done corrections? I think so.Bitcoin has been on a massive downtrend, and it feels like it never ends. However, there are some good signs that the bottom could be near. First, the RSI is sooooo oversold. Usually, when the price reaches this level, it just snaps right back. The RSI is also at a key support area that held multiple times in the past. Looking at the MACD, we see bullish divergence (aka convergence). The lows get lower, but the MACD fails to get lower. That means that the bears are actually losing momentum. The volume is also picking up, which means a lot of people (and money) are showing interest. In addition, the ABC corrections seem to be complete. I count five waves (blue) in wave C and even five subwaves (light blue; see chart below) in the fifth subwave (black) of the extended fifth wave (blue). The fifth subwave (black) is almost exactly a 1 to 1 Extension of subwave 1 (black). That is very common fifth wave ratio and could signal the end. If I break it down even further, we see five sub-sub-sub-waves! The fifth wave is an expanding ending diagonal. What rare pattern to seal the end! Sometimes we need to look at the big picture. We should not panic and look at the price every 5 mins if we're not day trading. We have not completed the fifth cycle wave, and I don't think we are even close to the very top. The question is am I right? The answer is probably not. What I'm doing here is called "catching a falling knife". No one can predict the exact bottom, and I could be far from correct. There are still bearish signs. For instance, Bitcoin just broke a key support level, which happens to be the bottom line of a falling wedge. That is an extremely bad sign. Usually, you want to buy on confirmation of a breakout. That would mean Bitcoin needs break 10k. However, for the risky and daring traders like me, this presents an interesting setup where we try to buy to bottom and make massive profits (if we're right). According to my analysis, $6230 should be around the bottom (This is just an complete guess for giggles and the memes). Aggressive Play: Entry: $5000-$6500 Target: $30,000 Stop:$4500 Time: Less than 6 months Conservative Play: Entry: Buy when Bitcoin breaks $10,000 with volume. Target: $30,000 Stop: $9000 Time: Less that 6 months.
BITFINEX:BTCUSDLong
by aoeuaoeu
1
Be careful with WTC - don't buy the ATHWTC has so many bearish signals right now I don't even know where to begin. Volume divergence. WTC is rising on decreasing volume. RSI divergence. WTC rising despite weakening RSI. MACD divergence. WTC rising despite weakening RSI. Then there's the elliot wave analysis, which pretty clearly shows a retrace must be imminent. Even if you dont believe ANY of that, simple trendline analysis shows that a return to the lower trendline will occur at some point. If you're buying this... stop.
WShort
by calcie
8