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Bearishcross

Is Bitcoin trading in a bullish flag?Or, possibly a descending triangle, there's been a bearish cross on the KST where I have the red finger icon pointing downward. On the RSI there's a noticeable pattern identical to the price action. I have drawn a hypothetical potential price scenario outcome in green. The green human body & head icon represents the head of a potential Inverted H&S pattern, if there's consolidation moving forward it would be ideal to see the head area hold as support to form the right shoulder of the pattern.
COINBASE:BTCUSD
by ScotianBot
Descending Triangle for DXY?Notice the RSI is displaying a bearish descending triangle pattern, similar to the price action, and on the KST there's a noticeable bearish cross which will potentially end up the right shoulder of a H&S pattern. We have seen the blue baseline of support on the RSI hold for the time being. The 3 blue finger icons on the left side of the chart represent a triple bottom that played out bullishly, I have placed two more blue finger icons to hypothetically represent a future similar outcome, and the third bottom is a question mark icon.
TVC:DXY
by ScotianBot
2
Possible Head & Shoulders for JPM?JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy! I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time. Possible H&S breakdown, bearish cross on the KST. I zoomed in on the KST so the bearish cross is noticeable, but if you zoom out there's a noticeable H&S pattern. Descending Triangle on the RSI, similar to the blue pattern in the price action, potentially double bearish confirmation. The FED is busy saving the DXY & trying to prevent the USD from losing world reserve currency status, so maybe they'll let assets decline until elections are over, who really knows? But if the USD collapses I don't imagine all assets prices will increase, it could get fugly.
NYSE:JPM
by ScotianBot
Another fake-out to the downside for GOLD?Gold is trading in a multi month descending triangle that just broke to the downside, keep in mind this pattern has been moderately adjusted since my last because Gold broke out bullishly to the upside, but has since corrected rather drastically, that was a sneaky fake-out to the upside. If the green line of support doesn't hold the dark red line below is the next significant support area, and if that dark red line holds Gold will create a similar pattern just larger. The KST is looking worrisome, as I suggested in my previous post, we have seen the blue downward sloping resistance come into play, I guess the the next few weeks will determine the final outcome of this pattern if the upward baseline of support holds. The KST did cross bearishly recently, hence the reason for the green line sharply crossing over the red downward, coinciding with a decrease in price. The RSI is in a spot where we've seen previous bullish bounces, will history repeat itself? I've placed a green question mark icon to indicate where we will likely see a bounce.
TVC:GOLD
by ScotianBot
2
Micro Head & Shoulders on the DXY, Macro Descending Triangle.There appears to be a micro H&S playing out at the moment, the green upward sloping line of support has been broken to the downside, we have seen multiple bullish reactions off of that green line, but now the weakness in the trend is becoming more noticeable. The red M pattern is the Head & Shoulders, I've placed a giant red human icon to represent the head of the pattern, and the shoulders are clearly on each side. In two separate areas I have placed three blue finger icons that display a triple bottom, interestingly enough if there's a third triple bottom created inside the Macro descending triangle pattern in dark blue the Dollar may potentially turn this into a bull flag & break out to the upside, but I doubt it. I wouldn't be surprised to see the Macro descending triangle play out to the downside, and similar to Crude oil going negative earlier this year the Dollar is in for a Crude Awakening. Notice the RSI diverging since early 2015, meanwhile the price has been range bound underneath the downward sloping resistance of the Macro Descending Triangle. On the KST I've placed red finger icons displaying previous bearish crosses like we've just seen underneath the right shoulder on the H&S drawn on the KST. The Red line crossing over the green to the downside generally coincides with a sell off.
TVC:DXYShort
by PrivyCapital
BCHUSD: Ascending Triangle With Daily Moving Averages Coiled UpAscending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD ) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move for the breakout is $346 (+10.5%) with a 2.3 ratio. BCH is still btrash though.
COINBASE:BCHUSDLong
by dragononcrypto
1
Feeding The Chevron BearsOn April 7, 2017, the Chevron Corporation ( CVX ) crossed below its 150 day moving average (MA). Historically this has occurred 253 times and the stock does not always drop. The stock has a median loss of 3.162% and a maximum loss of 55.271% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 48.9096. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral, with no clear volatile price swing on the horizon. The true strength index (TSI) is currently -16.6606. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current readin declares the stock is down, and has remained around its current reading for a few weeks. This indicator should have moved up or down by now which adds to the uncertain future and leaves a drop in the stock price well within play. The positive vortex indicator (VI) is at 1.0845. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up. The stochastic oscillator K value is 71.4480 and D value is 69.7333. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the two has recently narrowed and a downturn is likely to quickly occur. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 2.28% over the next 15 trading days. On the day previous to this negative cross below the MA, the stock crossed above. The last 11 times in the past decade, the stock crossed and closed below the MA one day after it closed above the MA, the stock dropped a minimum of 1.728%.
NYSE:CVXShort
by StockSignaler
Bearish MA Cross For IntelOn April 7, 2017, the Intel Corporation ( INTC ) crossed below its 100 day moving average (MA). Historically this has occurred 241 times and the stock does not always drop. The stock has a median loss of 4.249% and a maximum loss of 34.757% over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 54.9964. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral, with no clear volatile price swing on the horizon. The true strength index (TSI) is currently -4.9091. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving up. The positive vortex indicator (VI) is at 1.1026. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down while the negative indicator is moving up and cementing this sentiment. The stochastic oscillator K value is 66.3386 and D value is 71.8470. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock just came out of an overbought level and should continue to move down. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 1.76% over the next 10 trading days. Of the previous four times the stock has crossed below the 100 day MA, it has had a minimal drop of 1.191%.
NASDAQ:INTCShort
by StockSignaler