IndianatheGreat

IndianatheGreat

These are my thoughts on the two directions bitcoin will take over the coming weeks. I do not think we will trend sideways, I think we will revisit the $40k area again, and then the market and coin will decide to either go up or down a lot, so we will see.

IndianatheGreat

I usually look for divergence on the 4H to 12HR, but there was none showing for that, however, my line brother Nick did an analysis on the 1D and pointed out the div on the BB%, Stoch RSI crossover, and the midpoint RSI resistance. With the addition of me using the Storm indicator (Stormgewehr 44), all 4 of my divergence indicators are showing a hidden bear....

IndianatheGreat

Back to the good ol' divergence. As we can see in some longer-term trades on the daily chart, this stock ticker reacts well with divergence. The plan is to start shorting sometime tomorrow and hold the trade at least until it dips below 194, and then lower my stop as the price (hopefully) continues its downward moment. Of course, I will be looking at volume and...

IndianatheGreat

Often, divergence is usually referenced more in MACD analysis, but it can also be used with the relative strength index ( RSI ) indicator. Usually, the RSI mirrors the shape of the item being traded on its chart. However, as you can see above, when it differs, it can lead to divergence, and profit. Above, you can see in the blue lines, the price shot up after the...

IndianatheGreat Updated 

For those who use wyckoff, we can see on the daily how the EURGBP is getting ready to move upwards. Wyckoff's logic is almost never wrong (when used right) and I believe here in this chart we can see the Accumulation Schematic 1 after a selloff starting to form up. For phases C, D, and E, the lines I placed are not to be used as predictions, just a way to see the...