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Macdivergence

BITCOIN (BTC) - POSITIVE INFO - POSITIVE PATTERN - DOUBLE BOTTOMHi our dear FAMILY! Thanks again from the bottom ouf our hearts for your likes, comments and engagement. Y O U A R E A W E S O M E. Difficult time hah? Don't worry that much. Every storm will pass, every hail will pass. We are the part of the nature which swings on the sine wave. Can it be worse? Of course. We could have BTC on 700$ level but we are not there. Ufff. We are not very likely to go there. Too much interest all over the world. We even think that the whole confusion, fuss, price drop-down made the BTC even more famous. More interest = greater usablity = higher price News about BTC are now in main-stream media. On the whole globe. GOOD. So many people want to be rich - they buy low right now aiming to sell high in the future. So before technical analysis short summary : 1. As previously mentioned - lower price is better price - upward movement expected 2. BTC bubble was burst - we are consolidating on healthier levels - the worst storm has passed 3. Many positivie info from regulatory bodies in G20 countries (US, Germany, Japan, Canada, Australia, Mexico). Additionaly Tawian wants crypto regulations as well. 4. More BTC acceptance by vendors - (Dubai, London, US, Japan, Australia). Every-day shopping, restaurants & bars, real estate and so on. Technical Analysis Details : 1. Double bottom shape which means trend reversal. Still not enough volume but let's wait for this. 2. First major resistance at around 9000$ 3. HUGE resistance at 12000$. Not sure where we reach it. If we pass it strongly for longer time we can become optimists 4. Positive MACD divergence - short-, mid-, long-term 5. Stoch RSI - oversold zone + bull's cross 6. Strong support at 6000$ As you can see it is not that bad as everyone say. We have to stay resistant for FUSS, FUD and roumors. Stay positively observant and good will come to all of us. If you agree give a big like! Share with us your ideas. The more people involved the better insight for all of us. CURIO: In Singapore crypto is allowed but chewing a gum is forbidden - you may get fined for this by the policeman on the street.
BITFINEX:BTCUSDLong
by WBM_Team
7
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
BTCUSD - Diamond Formation + Bullish DivergentHiAll, As usual, i will make the explanation simple and easy to understand. Please find below summary of the findings. 1. Diamond formation. A reversal pattern. the price target is at 7880. 2. Bullish Divergent in MACD. this is a good sign to show a uptrend is taking over (until next reversal). *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:BTCUSD
by OPassiveIncome
ETHUSD - Descending Triangle + Bear FlagHi All, This is just a initial stage of the pattern, the pattern usually change to ascending/descending triangle and sometime to raising/ falling wedge or a channel. Just monitor on the declining of the volume until the breakout volume spike. (to identify the target price). 1. Descending Triangle - This pattern is usually a continuation pattern, but some cases, there is a breakout at the triangle resistant line. 2. Bear Flag. 3. Stoch RSI just returned from overbought once bear flag pattern is confirmed, it will affect the MACD and form a bearish divergent. (and confirm the descending triangle bearish pattern). 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:ETHUSDEducation
by OPassiveIncome
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