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Rsidivergence

Bitcoin's Ultimate Reversal is about to ensue.For the first time in years, we have witnessed a diversion in Bitcoin's RSI, which could possibly mean a huge reversal in BTC's price. Here is my point of view about this: This is the RSI Multi-Length, which is a type of RSI that varies its length. For simplicity's sake. I’ll be referring those as just RSIs, because they behave as an RSI, just a bit different. As you can see, Bitcoin's RSI is currently diverging, which possibly means a huge reversal is about to happen. The last time this has ever happened on a downtrend was in late 2018 - early 2019: Bitcoin's price skyrocketed after this divergence, which likely means it’s happening again. Now onto the candlesticks: As you can see, the trend is currently weakening, and that’s why it caused the 3 months of ranging market. When it broke downwards, it hit a new lower low, but this time even weaker than before. You can even see the volume weakening over time. Because of the RSI Divergence, Bitcoin has so much potential to explode and pump to the moon. You can even see that at the end of the 2018 crash, there was a lot of ranging. In conclusion, we might see a reversal in BTC's trend, and finally prove that Bitcoin is not going to zero. As a final side note: Even the rainbow chart says Bitcoin is super undervalued. This is not financial advice, and you are free to give your opinion about my research and do your own. Thank you for reading this study. :)
BITSTAMP:BTCUSDLong
by lorinstocksinvesting
1
EURUSD-Weekly Market Analysis-Dec22,Wk1If you missed the trade ideas of EURUSD on Friday, this might give you a 2nd chance to engage in the trade. With that said, do your market analysis and not follow blindly. What's nice about this trading setup, the three primary timeframes I'm looking at has all the bearish trading setup I need. Daily Chart - Bearish Crab setup 4-hourly Chart- Ascending Channel with RSI Divergence on overbought region 1-hourly Chart, Bearish Shark Pattern retest
Short
by RaynLim
2
NEARUSDTHello Dear friends In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued. On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is strengthened. As long as the uptrend does not break above the $2.374 range, the harmonic pattern is invalid. You should keep in mind that if the correction trend is below the $1.379 range, our bullish view will expire.
Long
by FiboTech
2
EOSUSDTHello Dear friends A positive RSI divergence has been issued to us on the daily time frame. But in the correction process, a LL has been formed. As a result, on higher time frames, there is a weak possibility of forming an increasing trend. On the four-hour time frame, we have a triangle pattern at the end of the downtrend and a Cypher harmonic pattern is formed. But on this time frame, divergence has not been issued to us. Provided that the upward trend line is maintained, and the upward trend is stabilized above the price range of $0.98, there is a high probability of the upward trend continuing. We would be happy to hear your comments.
Long
by FiboTech
2
$BTCUSD - Scenarios to considerHi guys! 👋🏻 🔔 Bitcoin keeps the downtrend pace. I still stick to the idea of Show me the chart and I'll tell you the news, so won't correlate to any buzz around #BTC or #cryptocurrencies. 🔔 For the past several weeks I've been away from cryptocurrency analyses and trading due to irregular activities in the market and I would call this the best decision of the year for me. 🔔 While cryptocurrency is still young, it's getting adapted to the price movements peculiar to the traditional market. Hence, in this review I will be strictly bound to the technical analysis and show try to explain my thoughts on #bitcoin's upcoming moves. 🔔 The first, is of course the divergence between RSI and price, usually such divergence signals the reversal of the current trend. 🔔 The second is the MACD indicator, MACD line is about to cross the Signal line which in this case is a signal for an uptrend. 🔔 The third is Bollinger Bands, the channel is way too wide and for the most cases, the price must find a range and stablizie, create a narrow channel before it gains enough power for another move. 🔔 That is why I believe that the range between $17600 and $15900 would create a channel and stabilize buyers and sellers before taking a next impulsive move. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
1
XAU/USD - 1H - Breakout SetupXAU/USD is in a bearish trend on 1H making LHs & LLs. Price is currently testing a falling resistance after recently forming a Head & Shoulders pattern. The price might break above the falling resistance and rise towards the Neckline or the Volume Profile POC. The Bullish Bias is based on the following confluence: Strong Support + 38% Fib Retracement Bullish divergence on RSI Price respecting 200 SMA OBV divergence with price (downtrend lacks conviction) Long bottom wicks and Bullish Engulfing candle on Support Volume Profile POC of previous trend A break above falling trendline might give control to bulls. There's also an opportunity to go short if the support breaks downside. Wait for confirmation before going in any direction. Trade safe. Hit like & follow for more analysis.
OANDA:XAUUSDLong
by yo_zubair
XRPUSDTHello Dear friends We are still below the downtrend line, our $0.235 support area is still intact. We have a positive RSI divergence on the daily time frame. But we must keep in mind that the momentum of the downward trend is strong. On the lower time frames, if the range of $0.3733 is consumed, the possibility of forming a downward trend is strengthened up to the range of $0.3416. But for further correction, I think yellow range orders ($0.5281) are needed. We would be happy to hear your comments
Short
by FiboTech
MANAUSDTHello Dear friends We are currently above the midline of the long-term descending channel and a positive RSI divergence has been issued on the daily time frame. In the lower time frames, the support ranges have been maintained, it seems that the possibility of forming an upward trend up to the blue range ($0.4854) is high. But it should be kept in mind that if the corrective trend falls below the range of $0.4252, the possibility of a further decrease to the lower areas will be strengthened. We would be happy to hear your comments
Long
by FiboTech