Hiddendivergence
GBPCAD Sell IdeaD1 - Price is at the top of the bearish channel, hidden bearish divergence.
H1 - Bearish divergence. If the price breaks and holds below the uptrend line, we may consider this as an evidence of bearish pressure and then we may start looking for the sells.
Invalidation – If the price moves higher, breaks and holds above the previous high, then this setup will be invalidated.
BATBTC XABCD and bullish divergenceWe tracked BAT for a long time and the current moment seems to be the best to enter this position. Hidden bullish divergence is revealed due to higher lows at oscillator chart and lower lows at the price chart.
Indicators are bullish: Stoch RSI is in the oversold state, DMI shows possibility of sharp rise. Fundamentals are also great. The price is going to enter Ichimoku clouds and the pattern will be finished. Then it should reconsolidate via ladder pattern thus provide us opportunity to swing trade and rebuy lower and then it will hit the rest targets.
Free target is on the chart. Stay tuned!
GOLD OPPORTUNITIES IN THIS WEEKGold closed at $ 1204.90/oz and traded with a fairly positive price movement on trading last week, where the lowest price was still in the weekly pivot area and the highest price was in the first weekly resistance area (R1), seen also experiencing a significant price spike in Friday (8/24). The price is very strong also still maintains price movements above the pivot by closing above the weekly pivot for this week.
But there is one interesting thing here, if the gold price is unable to move up further beyond the first weekly resistance at $ 1214/oz then a hidden divergence will occur between price movements and RSI indicator. We can use Hidden divergence as a sign that the trend has not changed yet or continuation trend. Coupled with the position of the RSI indicator which is nearing the overbought area, there is little room to push the gold price further up. If the gold price does not immediately move up above the weekly resistance for this week and forms a higher high above $ 1217.20/oz then it is very likely that gold will continue go down, and break past the previous swing low at $ 1183/oz.
BTC 4HR - BEARISH HIDDEN DIVERGENCE (BEAR HOPIUM)Price makes a lower high
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Indicator (RSI) makes a higher high
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Hidden bearish divergence
It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!
Bulls aren't completely out of the woods yet.
short- & longterm long for XLM Stellar LumensStellar Lumens BITTREX:XLMUSD finds itself sitting in a symmetrical triangle since its alltime high on january 3rd and its pattern low on march 18th.
Let's conclude, for a valid symmetrical triangle pattern, we need to meet the following criteria:
An established trend: In our case this one is bullish
At least two lower highs and two higher lows, in order to draw trend lines which create the symmetrical triangle
Volume diminishes as the apex gets closer, on breakup we need high volume though
Pattern duration should be a few weeks to many month: This one lasts for over half a year now
The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span: We are currently in the second half of the pattern
IF, XLM can break up of the triangle, the price target is about the size of the pattern itself from the breakout point, which leads me to the target projection at around .82 $ per XLM.
P.S.: looking at the short term 4hr chart, we can see a hidden bullish divergence on the RSI, which should at least lead us to the upper trendline of the triangle :)
EURCHF Sell IdeaH4 - Price is nearing the downtrend line, we also have hidden bearish divergence already forming.
H1 - We have two potential zones for reversal and continuation lower.
Invalidation: If we get a valid breakout above the H4 downtrend line, then this setup will be invalidated (false breaks can be neglected).
Looming 5K Bearish Target for BTCEver wondered why BitMEX CEO Arthur Hayes called a 5K bottom before we go moon?
Here's a reason why he could be right. A Hidden Bearish RSI Divergence just showed up which could drive $BTC further down to $5,367 before it finally moves up. Sell short after btc breaks below the resistance turned support (the thick white dotted line).
Note: Hidden bearish sign gets invalidated only if BTC price goes above 10K
Goodluck! Not a financial advise.
Stubborn Bitcoin Bear In Denial or Reading The Market Correctly?While everyone is fomoing into this bull run my broad view on the market remains bearish.
I'll break down the reasoning behind my outlook with a couple of facts.
To establish a bull market, Bitcoin needs to start making higher lows and higher highs. This is the most simple way to break down the complex price action.
So far we have seen the high at 20k, low at 6k, lower high at 12k, higher low at 6.5k, lower high at 10k, and lower low at 5.75k. Bitcoin needs to get above 10k in this bull run to change the trend of lower highs and lower lows. Anything under 10k is just another lower high and changes absolutely nothing.
Another huge red flag for the bullish outlook is the strong hidden bearish divergence. Price continues to make lower highs while the RSI is making higher highs.
I will change my outlook if the 10k level is broken with strong volume and we establish a higher low above 5.75k. Until that happens the bear market is still alive and well.
HIdden Bearish DivergenceBe carefull out there. Im seeing a whole load of hidden bearisch divergence in the daily graph.
In my last idea I told that we could see some green movement to at least one of the trendlines formed by the triangle, but seeing this HBD makes me think that the uptrend could be over already.
DOPEBTC the reverse is hereSince the market fall we have been tracking this coin as it gives a decent profit on reverses. Currently there is a moment to buy this alt cheap and earn profit. The price bounced from Fib 1 retracement level, moreover there is hidden bullish divergence on the chart and BB contraction. The price should enter the Ichimoku cloud. Buy this coin at the suggested in the signal zone and accurately swing trade target by target as the growth won't be linear
EURUSD Technical and fundamental view.Fibonacci is drawn from minor wave 5 to minute wave ((i))
On the 4 hour chart we have minor, minute and minuette waves with additional correctional waves.
Right now the price is moving in the minor correctional waves, after ending wave 5 at the last low at level 1.15193
Inside the correctional waves we have minute waves and minuette waves.
in the uptrend we have a diving board pattern with a flag formation, and further on we have a Pennant pattern.
After the price have been moving in the pennant pattern, we have tested the Resistance line in the flag formation, which is now serving as a strong support line.
A buy signal will occur when the pennant is broken and the price will continue its upward trend to test the resistance line in the trend channel while fibonacci is serving the level os 1.618 as the resistance in line with the third minuette wave ((iii)), the fifth wave for the minute (v) and the correctional wave A for the minor.
Correctional wave B serves as the correctional waves for minute.
If the trend channels support line is broken by the price which also means that the price will break the pennant to the down side, this analysis will be invalidated and a new will be uploaded.
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Is the fundamentals lining up with the technical?
There is a lot of important data coming Thursday specially.
Thursday, the ECB will decide the main refinancing rate which is expected to hold its level for the second year, at 0.00%
But what is important is the press conference, where Draghi will talk about when the bond buying program is ending and how to implement the quantitative easing. There is a chance that he will push this talks to the next rate meeting which could be devastating for the euro, but also good, as it can push the sales/exports that is made with Euros and will also make the price break the trend line and we could see a retest of the latest low maybe further..
At the same day the us is releasing important data for Retail sales and Core retails sales m/m where the forecast is higher than previously and also higher than last years numbers from the same month.
Overall the EUR/USD is actually very bearish on the fundamental levels, where the technical indicate a bullish short term trend.
Therefore a long position can be taken then the pennant is broken, where a short position is possible when the price breaks the trend channels support line.
If the Fundamentals line up with a bearish trend, than our bearish hidden divergence ( See RSI ) will be confirmed, and we will move lower.
Thank you for reading :)
BTCUSD: More Bearish Price Action... $6K RetestBitcoin is forming a symmetrical triangle in a downtrend with decreasing volume. There is a formed hidden bearish divergence on the RSI. I expect one more wave inside the triangle (and a possible bull trap) which will be a good opportunity to enter a leveraged short position with a high R/R.
AUDUSD Sell IdeaD1 - Hidden divergence, price is currently retesting the bottom of the broken channel.
H4 - Bearish divergence with false break. Price is at the top of short term channel and is moving inside a triangle pattern.
Once the price breaks below the bottom of this triangle pattern we may start looking for sells with bearish evidences.