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Trend-reversal

GOOGLE BEARISH DIVERGENCE: SHORT TERM DECLINE?Since Google’s last earnings hike a bearish divergence signal has emerged on the 4H chart. This divergence was accompanied with a massive sell-off after the earnings hike, resulting in a 4% decline. Large sell-offs like this could indicate a trend reversal. The 30 October high has on its turn shaped a wedge for us which we can act on in the coming months. The lower trendline has been holding strong for three times already, indicating its function as a strong support for the future. Expect a reversal of the down trend when the price arrives in the green marked area.
NASDAQ:GOOGShort
by FieryTrading
XEM/BTC SHOWING SIGNS OF A SHORT-TERM RECOVERYXEM/BTC has been in a massive decline since early September. As of today, the RSI and MA200 are showing signs of recovery! Over the past year, the daily RSI has been a good indicator for short term reversals, big and small. This time, however, we see a strong rejection of the MA200 accompanied with a reversal of the RSI. With the RSI being greatly oversold at 20 points, a short-term recovery is to be expected. A conservative target would be the area around 800. A target beyond 900 would be considered as more speculative. Trade carefully.
XLong
by FieryTrading
3
Bitcoin Changes Uptrend to DowntrendAt the beginning of the week, we said that Bitcoin will rise to $11,600 and we were right. It was local growth. Bitcoin options expire today in the amount of 62,000 BTC or $700 million. This is an important event that could trigger a breakdown of the $11,000 level. At the same time, with a high probability, we can see the price of $10,000 per bitcoin in the near future. On the weekly timeframe, the RSI and Stochastic indicators are still in the overbought zone. In addition, candlestick patterns also indicate a trend reversal. All this speaks of the imminent fall of bitcoin.
Short
by Crypterium_Analytics
GBPCHF top-down analysison DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes. Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected. on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are waiting for the right shoulder to form and then buy after a candle close above our neckline. or we are waiting for an objective break above our blue trendline to buy. we also have divergence on MACD adding more confluence to our buy setup. meanwhile, this pair is overall bearish.
Long
by TheSignalyst
BTC touching the 5 year ascending trend line! Best buy op but...Just a quick word because of where we are and my pointing out this 5 year trendline as a great entry point and the current geo-economic situation. We dont know what effect the cov19 will have on crypto, maybe Sunday was crypto joining the global stock sell off, its too soon to know and we are right at support. Anyway, this is still the best opportunity you will have to buy BTC if this trend that has maintained for 5, almost 6 years, continues to provide support here . If we break below this in a meaningful way, things could get real bad. I normally would have zero fear about adding large here and I have added to my position today but If we drop below this line in a meaningful way, I am prepared to liquidate to USDC and wait on the sideline while markets finish crashing. I hope crypto can endure the coronavirus sell off. I suspect if we do hold we will have one more test at the top descending blue line at most but possibly not even that high, then back down to the 5/6 year trend line one more time possibly before making its next big move. I watch the grids to anticipate support and resistance and anticipate timeline. I am still long Crypto bot on a tight stop loss from here. Also using order book trends I was able to see the trend shift both before the bulk of the crash and as it turned around > Consider adding historic orderbook analysis to your tool belt @ vcdepth.io This is not investment advice, sharing my observations, DYOR!
COINBASE:BTCUSDLong
by EncryptShawn
1
EURUSD Daily TFHi Guys, I would like to share my idea about EURUSD, its recently back from the Support Line and I really believe that it will goes up, If you can read my Volume Profile, The Reverse P shape has been formed which is its safe to do Long Trade up to the Transition and Maximum to the PoC. We can entry now, or waiting till the price showing the rejection, (Long wick would be better + Engulfing Candle). Make sure that we set the stop loss. Disclaimer : It is our personal view as a trader. We are not inviting any trader to follow our ideas. We suggest to the trader to stick and follow your discipline trading plan.
Long
by pixelfxtrader
Retracement After ReversalGBPNZD had a reverse in trend based on my strategy, and now the currency pair is in a retracement, or pullback. Currently, on the 4 hour time frame, price is at the 50 moving average, and at the golden zone in the Fibonacci retracement tool, if we go down to the 30 minute time frame, we can also see that price is overextended on my stochastic indicator. This looks like a good shorting opportunity as I speak with a take profit at the previous lower low.
Short
by AzzenWazHere