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Bearishdivergence

NDX/SPY Continues to look like a bull trapI have been watching this formation develop for what feels like a year now and it is slowly grinding its way through and it seems we are finally on the verge of having the performance begin Generally speaking, since the dotcom crash NDX has gone up faster than SPY and so that has made it the bet for people to "just by the index" to make their gains. But now with this long term pattern forming it is signaling that NDX isn't the main bet to make. There are two main propositions from this formation: either SPY will start to outperform NDX to the upside or given the situation of the broader markets, NDX is going to lead the charge downward in a recession. Given how much negativity we see in the system combined with the topping pattern I think it will be the downside. If you compare the NDX/SPY chart to NDX you can see that these top formations on the pair do predict a dip on NDX. So far these dips on NDX have been great buying opportunities because they have been higher lows. Eventually NDX is going to print a lower low. After that lower low we are at risk for a lower high and that sets the bearish trend. Imbedded in the fib extension on the main chart is the notion that we are facing an ABC correction on NDX/SPY and we will see a C wave that is 1.618 or greater than the length of Wave A. If we look at the chart the last bit of serious price action has been between the 2.618 and 3 extension levels and so over the course of the next leg down I will be watching for NDX/SPY to chop its way down there for another consolidation. I am not sure most people are emotionally prepared for the long term targets. I have been watching for it and I am not sure I am emotionally prepared for this. People that buy the index to hold, whether it be retirement accounts or something else might not get to break even for over a decade. Last time NDX/SPY had a bull trap NDX went down 80% from here. Here is the annoying thing, both NDX and the pair had a bull trap. Right now NDX has just got done setting an all time high. If both the NDX/SPY pair and NDX were both looking at bull traps I think more people would take this seriously. Lots of questions remain unanswered if the broad conclusion of this post is correct. Will any bear market still be multi-year? What will happen to the money supply generally? Interest rates? All hard to predict if anything resembling the scope of what I think will happen will happen.
CME_MINI:NQ1!Short
by This_Guhy
4
ALICE has been good to us...We made 60% profit from the last ALICE chart, the link to the idea is below. Now we got a bear div on RSI unless the price goes more up and pulls RSI up with it, MACD also has a bear div on 4hr chart. Possible BTC move down could only help this div to play out. Reached significant zone at 15,37 that was a big support and last time rejection point, so until break up, we could expect it will be big resistance. Possible good long entry if ALICE breaks up from it and does a retest. Good luck traders
by PhilosophersStone
Is Bitcoin trading in a Giant Descending Triangle?On the RSI there appears to be a noticeable divergence, there's a series of higher lows forming an ascending triangle. The price is displaying a series of lower highs forming a descending triangle. A bullish divergence or bearish divergence? A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again. On the KST there has been a bearish cross on a 1-year chart. In this 5-year chart, it appears as though a bearish cross is on the verge of occurring near term on the Williams alligator. It's always possible this pattern plays out as a Giant Bullish Flag, expect to see a re-test of the baseline of support & possibly a fake-out to the downside before breaching the horizontal resistance and re-testing ATH's.
COINBASE:BTCUSD
by ScotianBot
2
Solana hurdles to overcomeIf I'm being bullish - which in the long term I am for Solana - I could see this as a buying opportunity here. What needs to happen in my opinion: - 21MA (blue) needs to cross over 50MA - Price needs to break golden pocket - Price needs to break strong support zone What could signal a turn for worse: - Price currently below golden pocket & strong support zone - 50MA could cross below 21MA - MACD showing bearish divergence on its lagging line What are you betting on?
by Coinathlon
1
BTC TO $37K OR $29K??? Hello folks, Welcome to this BTC update in a daily timeframe. If you haven't checked my previous BTC update then do check it out. The link is in the related ideas section, below. Alright, in my previous chart, I mentioned the bearish divergence formation and the possibility of the BTC price action. We were assuming BTC to reach at least $50k before it falls down but it failed to do so and got rejected from $48825. So far it's an 11% drop and this may possibly continue. Now, as per this chart and the RSI, we may see a bounce from the $37300 level, and if that happens BTC may try to reach the $50k resistance once again. However, the current situation is bearish and if the bearish scenarios continue to grow then BTC won't hold the $37k level as well which will ultimately lead the price back to the $29k level. Remember, the market never goes in one direction. We saw greens in the last couple of weeks and now it's time for the reds. I am sticking with a possible bounce at the $37k level where we can enter into altcoins and make some money but we will surely wait for the confirmation first. I hope you find this post useful. Do hit like and share your views. Thank you.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
2
***VERY IMPORTANT BITCOIN UPDATE***!!! RED ALERT!!!Hello folks and welcome to this 'RED ALERT' BTC update on a daily timeframe. If you haven't click the 'follow' button then do it right away. Make sure you read this analysis thoroughly. As you all know that BTC did exceptionally well after the sudden fall from $52900. Everybody in the market (including myself) showed the bullish scenarios for BTC which was a good thing. But is BTC really bullish? To answer this question, let us observe the chart carefully. Bitcoin is forming a bearish divergence in the daily timeframe which is not a bullish sign at all. In Feb 2021, BTC formed a bearish divergence, and in May 2021, BTC dropped and fall almost -52%. It took exactly 3 months, where the market was creating a hype that BTC will break its ATH but it turned out totally opposite. Now, we are here again with the same bearish divergence. July 2021 is the month when this bearish divergence formed and after its formation, this is the 3rd month running. So, you guys are smart enough to guess what could possibly happen next. Ok, so, if BTC tends to fall again then what will be the possible exit plan? Well, according to the chart, BTC should hit the $50k mark once again, and then we may see the dump. But if the market shows some bearish sign then we have to deal with it. However, on the other hand, if BTC breaks above the $52k resistance then it will be a completely different story. Currently, BTC is making a move above the 21 MA (this is exactly what happened in May 2021). The important areas we need to observe as per the daily chart are:- 1. BTC bearish divergence. 2. 21 MA & 50MA bearish crossover. 3. BTC reaching the $52k resistance. I seriously don't want BTC to go bearish rather I want BTC to break the ATH but we all need to face the reality. In my honest opinion, after observing the chart, I am biased towards the bearish side of the market. I may be wrong on this and my chart may get invalid but I am aware of both the bullish and bearish scenarios of the market. If you find this T.A useful and worth it then do like and share it with your known people. What do you think about the BTC price action? Is BTC gonna reach its ATH or is it another trap? Share your opinion in the comment box. Trade safe.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
4
Bearish Sentiment on $AAPLRecent News - Apple reloads its stock with "new products" which aren't so new but with a higher price tag (Bearish). Epic Games v Apple (Bearish). Losing the fourth Apple car exec this year (Bearish). Quad Witching Sept 2021 (Leaning Bullish). Trend - We're just coming off a bullish trend that helped us reach an ATH of $157.26. We broke that trend with a strong pullback from ATH with the Judge's ruling over Apple's in-app purchases. We're also still in this wedge pattern, which I believe we'll break from it within this month (hopefully next week). Candles/Volume - We saw three wide body candles with strong, above average volume to validate them. We currently have two hammers with average volume which indicates that the buyers are holding at the ~$148 support level (could possibly be a reversal - volume makes me think not). I can see the buyers becoming exhausted and the price dropping down to the next support level of ~$145. If by chance the buyers don't step in at that price or they become overwhelmed, we can easily see the stock drop -8.78% from ~$148 to ~$135. MA - The 200 MA has also be a previous strong support. Which it would currently fall at ~$135 if the market decided to pull back. RSI - Starting up from July 7 to present. There is a bearish divergence on the RSI. MACD - I believe it's just starting to pickup momentum with the signal line already having crossed over the MACD line. We also see a bearish divergence with the MACD, just like we saw with the RSI. Constructive criticism would be appreciated.
NASDAQ:AAPLShort
by madbroke
3