Get started

Rsidivergence

$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
THETAUSDTHello Dear friends Currently, the price is in a long-term descending channel. The positive divergence of RSI has also been issued for us in the daily time frame. But on the lower time frames, our resistance range is still in place and the upward trend has not been placed above the $1.296 range. On the other hand, the upward trend line has broken down and the price range of $1.236 is on the way, which is an important area. As a result, we expect to react to this range and form a corrective trend up to the area of $1.085 and $0.989. We would be happy to hear your comments
Short
by FiboTech
4
USD/CAD near-term top in place?USD/CAD appears to have completed a bearish Head and Shoulders (H&S) top. Negative RSI divergence bolsters the case for a downturn. The broadly anti-USD response to October's #NFP report may have triggered a breakdown through the H&S pattern's neckline. The measured-move downside objective implied by the setup calls for a test of the 1.30 figure. Clearing resistance at 1.3877 and reclaiming a foothold above the 1.40 figure would probably neutralize selling pressure.
Short
by IlyaSpivak
1
a $MASK we can all agree onThis Sugar Honey Iced Tea coin has something for everyone right now! Whether you're a Basic Indicator Becky or a Geo/Harmonic tweaker...(or both, like yours truly) 1. RSI Bull Div (my fav) 2. Volume building (my fav) 3. Bear Gartley at major TP zone (my fav) 4. At long-term support (boooorrrrrrrriiiiiiiiiiiiinnnnnnnnggggggggg...jk) 5. Adam & Eve on lower timeframes (my fav) Re: the gartley...this is the third of four take-profit zones for ppl who shorted the top. The first three are the reversal points (ABC) of the XABCD. The final theoretical gartley TP point is the 1.618 extension of DA, from D. Which in this case would be negative. I'm not sure that invalidates the possibility that this will go lower. But maybe (THEORETICALLY)? AKA the pattern is as complete as it can be, theoretically. Although, at this point would it surprise anyone if crypto went negative? LOL The coin btw is something about "bridging Web3 with Web2" and bringing decentralization to centralized platforms...if you're like me and you prefer your degeneracy like this instead of in meme form...get on the rocketship! mask.io Not financial, medical, or spiritual advice. Could go lower obviously, none of this is prescriptive, TA isn't real...and always remember to consider what time of the month it is for bitcoin. Use stop loss, stay hydrated, get fresh air, tell your people you love them and remember crypto is a scam and money aint ****<3 Thanks for reading! I appreciate all feedback. Esp on how to disable auto links on tickers haha
Long
by FinanciallyCodependently
1