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Rsidivergence

RSI Bullish Divergence on QTUM BTC [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for the bulls. At the same time, the price is hitting a place of horizontal support. This confluence of two signals at the same time make this signal very strong. I am feeling very bullish on this one, as we got an even stronger signal on an already positive streak. This can lead to a great scalping opportunity. Don't expect huge gains here, but use it as a way to identify a short term reversal. You have to take into account that we're on the 15m timeframe. --- What is The Quick Update Series All About? --- I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Long
by Trading-Guru
3
Trade Ideas Position: GBPJPY SharkA bearish shark setup that coincides with ABCD pattern formed as a counter-trend trade, conservative traders can wait for a confirmation candle to engage the trade. The additional advantage of this setup is having an RSI divergence on this setup and on the higher timeframe, it is also within the sell zone that was formed by a bearish bat and a bearish crab pattern(link to the connecting chart at the bottom). Beautiful setup and opportunity but it don't guarantee a fall of this pair, it's good to know that there are so many setups align at the same zone at the same time.
Short
by RaynLim
BitFink's Trick For Finding TargetsBitFink posted a very clever way to use RSI divergence on long term BTC to find tops and bottoms of the macro 4 year structure: I was looking at using this on shorter time frames and it seems like it's especially useful for finding the exit in conjunction with an elliot count. In this example once you have your 4 wave candidate you can look at the symmetry on RSI Divergence to find about where it's looking like wave 5 ends. Targets are usually the hardest thing for me so this is very useful. It seems like using this for entries might be a little unclear since it's selecting the crossovers in the middle where RSI is the most choppy. My favorite elliot location to enter is on the 4 wave anyway so this will be a great tool to use going forward.
BITSTAMP:BTCUSDEducation
by mljones
6
BTCUSD Short - Rising WedgeHi folks, I’m going to keep this one short and simple. - There is this big rising wedge on Bitcoin that can be easily seen on the 12 hour time frame. - Price is also at a critical resistance zone where I expect distribution. - Bearish divergence can be seen on RSI and MACD. - Market sentiment is starting to get overly bullish which typically leads to a correction. I am looking to short from here with a stop loss just above 10,000. 1st target is at the 0.236 fib (around $9,000) but I am anticipating further retracement. As you know I have been bullish since $6,500 and made the perfect call to go long in previous ideas seen below. I am still very bullish on the long term and I am prepared to close out my shorts as soon as it appears the downside is over. Previous ideas:
BITFINEX:BTCUSDShort
by tommyf1001
1