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Rsidivergence

BTC - HOURLY - NICE RECOVERY...VERY S HORT TERM ANALYSIS (HOURLY) Today, we are going to look carefulLy what happened after the validation of the RSI bullish divergence coupled with the double top formation which i mentioned yesterday morning in my previous analysis as a warning ... (see related idea below) So as you can see, after this validation signal the BTC moved quickly up in a new intraday bull trend, (higher highs and higher lows, confirmed with a convergence on the RSI indicator; please also note the bullish engulfing pattern at the bottom of the chart, which also added value to this nice recovery; note also the successive long white candle which broke at each time important resistance level, begining by the Tenkan-Sen, then the Kijun-Sen, the resistanc of the former downtrend channel and finally the clouds resistance area (39'475-39'713) which increase the upside move towards an intermediate high @ 40'375 then going to the high so far @ 40'800. The 50% Fibonacci retracement @ 40'590 of the last downside correction (42'979 - 38'202 has also been filled), with the next 61.8% Fib ret @ 41'154, which also match the 4 hours clouds top resistance area and which should also be considered as the next important level to break in order to maintain this upside bias. NEVERTHELESS, looking at the last couple hours price action, we can see a trend changing from UP to SIDEWAYS, with a RSI also moving in the same way !! Therefore, this is the first warning signal to consider and respect ! Indeed, no bearish divergence has been confirmed yet, but I would strongly suggest to monitor very closely the price action over the upcoming trading hours. CONCLUSION : In order to maintain to come back in the former short term uptrend mood, the BTC should at least recover and hold above the former uptrend support line and make a new high (higher than the previous one @ 40'800 On the downside, an hourly closing below 40'375 (respectively former short term resistance area and now new short term support area !) would be the first warning signal calling for a downside correction towards the following levels : S1 : 39'800 S2 : 39'500 S3 : 39'194 (VERY THIN HOURLY CLOUDS SUPPORT ZONE !) As usual monitor and watch closely both shorter time frames (M30, M15 and M5) in putting in place alerts which will help you to detect early signal (s) of validation or invalidation of what I previously mentioned. Do not forget, of course, to keep an eye, at the DAILY, WEEKLY and MONTHLY picture which will bring you a broad picture and which will remember you that the BTC is still under the influence of a MAJOR DOUBLE TOP FORMATION, with its trigger level @ 28'600, currently in the weekly time frame still in a secondary downtrend move and in the daily picture, still below the clouds...meaning that the countertrend recovery should only be consider, for the time being, as a TACTICAL RECOVERY ONLY IN A BROAD BEAR TREND and NOT AS A STRATEGIC REVERSAL YET. Have a nice trading day. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
Bullish Divergence in Euro FuturesBasically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself. Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't know about The Small Exchange, I'd highly recommend looking into their products. community.thesmallexchange.com
CME:6E1!Long
by InnerMotionTrading
That is a strong trend line!!hello everyone Last week candle was a big red one for almost 80% of cryptocurrencies, and for the last couple of days we saw the same behavior until 12th of Apr. Since then we have been moving in a channel in between resistance level of 18.30$ & support level of 17$( it was mostly the trend line). For now we have divergence in RSI in 4 hours ,so the price may fail to break the resistance level and go back to our support level (or trend line) or worst ....
by HubAlgo
1
🚀🚀🚀 XRP what's next? Very large VOLUMES! 🚀🚀🚀Hello everyone, Unfortunately, we haven't seen a breakout of the trend line, what next? There are several scenarios. I personally took a position at $ 0.69 on a LONG with a stop loss below the local low. I'm counting on another breakthrough attempt. The main resistances are marked with a dashed green line. The close of the candle below the red line (resistance) will mark a descent to the last key position for XRP $ 0.55. This week you can see large VOLUMES, which positively indicates a rebound in the price. We also have divergences on the RSI. Increasingly higher, lows on the chart and decreasing ones on the indicator indicate a bearish. Higher lows and vice versa on the RSI speak of a bullish move. So we have an unclear situation. One thing is that we stopped at substantial support. Breaking it will create a medium-term doubletop, and then only a continuation of declines. From the fresh news regarding the SEC vs XRP case. Ripple took another victory over the Securities Commission. The judge rejected another SEC request that was intentionally delaying the end of the case. As a result, the re-introduction of XRP to the market may be faster than expected. Comment and like, Regards
Long
by SayMoney
2
Welspun- A good buying opportunityWelspun India is about to boom!! - The MACD line is above the Signal line - RSI is about to cross 60 - Supertread is in green - 5 DMA is cutting 26 DMA Most Indictors are showing good strength **Disclaimer: Do Your Own Research** **Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise**
NSE:WELENTLong
by ashwinpari1997
AUDCAD - Bearish Shark CheckbackIf you had read my previous analysis, this is how Shark Pattern works, when the Shark Pattern hit its stop loss, it may present you another trading opportunity of a further entry price. The problem with most trader is the hesitance to engage the trade, and I can understand that, you just got stop out. You aren't certain if this should be the trade to take. The Shark Pattern could present as much as 3 entry price to engage the same trade. It is common that a trader can feel distraught when they get stop-out 3 times within the same trade. But once you get comfortable with the Shark Pattern, it brings you more profits and losses in the long run. What I love about this Bearish Shark Pattern is that this is the last possibility of the Shark Pattern on this setup. I got stung out on the previous Shark Pattern, but luckily for me the Stop-Loss is only 39pips. Well, that's possible because of my background on structure trading for the past 17years. What about you? Are you comfortable tading the Shark Pattern?
Short
by RaynLim
2
AUDCAD - Bearish Shark checkbackA Bearish Shark retest on the AUDCAD gave me an opportunity to reverse my trade. You see, I was in a Bullish Trade(you can check out the related ideas titled AUDCAD - Bullish Bat at the bottom of the @TradingView post) The market seems not able to close beyond Point D of the Bearish Shark Pattern on the 1hourly- chart for an extended period of time. I've been receiving comments and DMs if AUDCAD appreciates because of Gold and Oil. Well, it is not, the AUDCAD appreciated because I've longed it! ;P Well, jokes aside, over the years, the correlation between the currency pairs has been weakened. If you are still treating AUD like the Gold movement, you are trading like 10years ago. I've learned that during chaotic market conditions, it is best to trade via technical analysis. If I'm wrong about this trade, I get stopped out, and I will wait for the next trading opportunity. It's that simple. Check out the link at the bottom for our upcoming event or invitation to our community.
Short
by RaynLim
EURUSD-Weekly Market Analysis-Mar22,Wk4EURUSD is on a Bearish Trend, and if you are on plan to long EURUSD like I did, you are in a counter-trend trade. If you have a long EURUSD base on the Bullish Shark setup(link at the bottom), the target2 based on the textbook case has fulfilled its final target level, not for me. I'm waiting for one of the two different trading opportunities to have an additional trading idea to engage on the counter-trend move. Opportunity 1.) A Double Bottom setup that touches 1.1019 but does not close below 1.1001 OR 2.) A Bullish Deep Gartley Pattern(depends on where Point C reverse) completes within the Buy Zone. So, what are your trade plan for this?
Long
by RaynLim
Ford Stock: Bullish Divergence (Price vs. RSI and MACD)Ford's chart is showing bullish divergence as the stock price decreased but the RSI and MACD have increased. This suggests that the stock may have bottomed out and is poised for a rebound. Ford has a positive growth catalyst with its electric vehicle line-up: F-150 Lightning, Mustang Mach E, and E-Transit van. The company also produces hybrids. The EVs and hybrids can stimulate growth for Ford during this time of high gas prices. You can google the title: "Ford - The Future is Looking Brighter with EVs" to read more.
NYSE:FLong
by Zman1175
3
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge. You can follow this chart here . I hope you learn something from this video and if you like it, then please leave a like. If you have questions, then please leave a comment. Thank you.
by TechNerdOmar
1