Is Bitcoin local TOP in ? (Looks like reversal is comming)It´s a while since I´ve called a bottom and reversal based on
RSI bull divergence in undersold area with falling wedge pattern as seen on chart bellow
Now we have exactly opposite conditions which means
Bearish divergence in overbought area and rising wedge.
Can Bitcoin sustain further grow now ? I don´t think so ! Correction imminent in my eyes !
But remember this is not a financial advice
This is only my opinion, which I create with amount of skill & research. If you trade based of the opinions and TAs of others, you are putting your investments at risk. So, PLEASE do yourself a favor learn from the TAs of others, but only trade based on YOUR OWN RESEARCH & SKILL !!
If you don't, you deserve to lose every penny you put into the market.
Divergences
Bitcoin is TOP in ? (Looks like reversal is coming No. 2)Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local top because of many factors and indicators
You can see Bear divergence at the ATH (Indicators going down in overbought area & price going still up)
Previously you could see bull div near very strong support (Indicators going up in oversold area & price still down)
Now you can see bearish divergence forming in very high RSI range as well.
WARNING !! This might not be exact top yet !! This parabola could lead to 10-11,5K !!
But my thoughts are we are topping and we will head back to approx. 5K range to test that red line from ATH causing resistance if it can stay as support now in approx. 2months then sideways till November before going higher.
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
Simple RSI analysis (Strong bearish divergence) Sell signal !!During one of my bottom calls I was pointing to Mar-May as area to watch for Bearish divergence to come and there you go
How relative is the relative strenght index ? What is RSI ? If you do not know exactly then you´re at the right place !
I will reveal you the Mystery of sucesfull RSI divergence trading.
Once you will master it you will make way more profitable trades / investments if you use them on mid-long term ( 4h/D/W/M charts)
The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements.
Momentum is the rate of the rise or fall in price. The RSI computes momentum as the ratio of higher closes to lower closes
Simple RSI indicator is very stong technical indicator if you know how to read it.
The RSI provides signals that tell investors to buy when the security or currency is oversold and to sell when it is overbought
Wilder further believed that divergence between RSI and price action is a very strong indication that a market turning point is imminent. Bearish divergence occurs when price makes a new high but the RSI makes a lower high, thus failing to confirm.
Search for:
Bullish / Bearish divergence
&
Hidden bearish / bullish divergence to incease the Risk:Return(Reward) ratio
Feel free to ask in comments bellow and if you like my work hitting like would be appriciated
Cheers
Previous call - Bullish divergence ( Bottom )
** Not a trading advice but attempt to predict future price movement so trade only on your own risk **
** This is tutorial for trading bullish/bearish divergence to see more related ideas watch for links below **
Bitcoin is bottom in ? (Looks like reversal is coming) Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local bottom because of many factors and indicators
You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div near very strong support (Indicators going up in oversold area & price still down)
I also tried to copy the fractal from the run up and reversed it and seems this could be the range where algos can switch
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
EUR/USD - SHORTING OPPORTUNITYHey Traders,
On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence.
We can get involved in two ways:
1. Aggressive - Short now with stops above double top and take profit at structure lows.
2. Conservative - Use the 2618 strategy, wait for a break and close below the V of the double top, then enter at the 61.8 fib level again stops above the double top and take profits at structure levels ensuring minimum 1:1 R/R for target 1's.
Long to 200 EMA
Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent.
Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test).
Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected.
With that in mind target 200 EMA.
If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long.
Best of luck. Info is in the charts.
AMBBTC 1h - Possibility of going upBased on a normal bullish divergence, there is a possibility of BINANCE:AMBBTC goin up from this moment.
EVXBTC - Probably will go downBased on a normal bearish divergence, BINANCE:EVXBTC will probably go down from this moment.
MTHBTC 1h - Will probably go down from nowBased on a normal bearish divergence, there is a possibility that MTHBTC will go down from this moment.
EVX/BTC - Just predicted 5% gainHello there!
I have just predicted EVX/BTC pair moving up 5% right before it happened. It was based on a bullish normal divergence.
Gained 2,02% on this trade, not too much, but still good. :)
My tweet predicting this move is here:
twitter.com
Ripple : Short opportunity or too risky?Divergences on Volume and std RSI 14 ( daily and 4h). Last wave seems to be the third. On 4h timeframe crossunder between ema 9/33 ( backtested with good results ) usually makes starts to corrective down trend.
Short on Crossunder EMA 9/33 (4h) Aggrssive strat
Short on Crossunder EMA 9/33 (4h) + cross EMA 4/12 (Daily) Conservative strat.
Oscillator Divergences Indicator UpdateSome new setting on the Oscillator Divergences Indicator.
Fixed the label position when plotting on the price chart.
Added option for EWS to only plot the currently developing divergence (if any).
Added a bunch of presets. These can be when plotting on the price chart and all have the standard defaults.
Presets
RSI: Relative Strength Index
MACD: Moving Average Convergence Divergence
FI: Force Index
AO: Awesome Oscillator
CCI: Commodity Channel Index
STOCH: Stochastic
OBV: On Balance Volume
SVAPO: Short-term Volume And Price Oscillator
WillR: Williams %R
WillR smoothed: A modified version Williams %R
Link To Oscillator Divergences Indicator
Link to full video setup (a few videos listed in the description)
Strength building on BitShares BTS. BullFilter shows a Long.Analysis:
Correction ended mid August and accumulation has been going on since. The amount of selling in the 1500-1600 range represented capitulation of weak hands.
BullFilter showed a bullish divergence from Late August until Sept 12, when the price action finally caught up. With some nice recent spikes in volume some upward price movement is expected in the next 2 weeks.
Entry:
Enter between 1700 and 1750 upon the completion of this downward wave. Now that we know we want an entry in this range, we will use BottomFinder here to select us a great entry point (Example below)
Take Profit:
The dashed red lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 40-50% T3, 5-15% T4.
StopLoss:
SL set to 1600 to avoid the liquidity pool from 1650-1700 and being stop hunted. 1700 is also currently acting as local support.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!