$xcp Consolidation and possible targets
- tweezer bottoms on daily
- hidden bulldiv on daily and 4H
- stoch and RSI pointing up
- wave trend pointing down on daily, up on 4H
- I think we'll pop up but continue to consolidate in a triangle for another couple weeks
Hiddendivergence
USDJPY Sell IdeaH4 - Price broke out of the channel. Correction is happening now, once this correction completes itself we can look for sells.
H1 - Bearish Hidden Divergence, perfect uptrend line. Once we get a valid breakout of this uptrend line, we can look for sells.
Note: If the price moves higher, breaks above 112 and holds above it, then this setup is invalidated.
EURCAD Sell IdeaW1- Price reached amazing resistance zone. We might see one more push to the upside as long as there is no trend line break.
D1 - Price bounced exactly from the zone I expected.
H4 - Bearish Hidden Divergence, two downtrend line has formed. 151.40 level should hold.
H1 - Two small double waves forming a bigger double wave. Price has reached a crucial zone. Once we get confirmations of bearish momentum in the form of false break with bearish divergence, wait for a trend line breakout and then look for sells.
Conservative approach - Follow double trend line breakout principle.
OMG (if BTC allows)Hidden divergence while forming an ascending triangle into the ichi cloud with a strong case for TK cross.
Buy zone = Triangle support
OMG looks strong in early 2018.
New to TA, here to learn, Critiques welcomed
Short Opportunity Upon bounce on EMA200Potential selling opportunity for AUDCAD currency pair. As we can see here, there are couple of interesting stuff found in this chart:
1. Hidden RSI divergence found, which may potentially indicates a downtrend continuation.
2. EMA(200) has been acting as a dynamic resistance and has been doing this since end of August 2017. So I think it may help to bounce the price again one more time.
A take profit around 0.965 level will be a good target with the entry somewhere around 0.983 (hoping there will be a clear reversal signal there)
Hidden Bullish Divergence $MANA$MANA looks ready for a breakout, Higher Price Lows + Lower Oscillator Lows is usually a bullish indication.
Divergence Trading PatternsDIVERGENCES are used to forecast an upcoming Price Reversal or Continuation.
There are 4 different types of Divergences and the first ones are Regular Bullish and Regular Bearish Divergences.
What are they?
Regular Divergences are when the price movement is contrary to the indicator movement. Signal for an upcoming Price Reversal, trend is about to change.
Then the second ones are Hidden Bullish and Hidden Bearish Divergences.
Hidden Divergences are signal of Trend Continuation. Meaning that the price continues to move in it's current direction.
If you have learned this method already this is a great reminder and works very well as cheat sheet. But if you are a learner then the chart is explaining very simple how you can spot them. You should take time and effort to learn this. It does not take long before you start spotting different kind of divergences.
You can use one of following oscillators to spot the divergences. (In the end it does not really matters which one you use).
MACD
RSI
CCI + BB
etc there are more but here are few you to get started.
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
$Neo Buy Opportunity + New Entry LevelRSI confirms trend continuation upwards. Hidden Bullish Divergence is in act. Buy orders should be set above 40 level to confirm further upward movement. The price is above MA50 line and above our previously formed support level and these are indicating the price wants to move upwards. This is a great opportunity to open long term trades.
Educational Part
In my trading view profile you can find "Divergence Trading Patterns" which explains them a bit. I recommend to check it out! :)
Also if you have any questions related to divergences, please feel free DM me through trading view and I'm gladly going to help you out!
Trading information:
Buy: above 40 level
Profit targets: 51 and 48
Stop-loss: 33.5
Things to remember:
To trade safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Bearish Retracement on daily : head&shoulders pattern ?We can observe a head&shoulders pattern forming on DAILY BTCUSD chart.
It is not finished yet, but if it finishes, it will announce a short term retracement.
Also, a bullish hidden divergence indicates that the uptrend will continue.
NOTE : i only have some months of experience in trading, take my analysis with caution.
Regards
NZDUSD : LONG ; Hidden Divergence SpottedHye guyz,
Hidden divergence spotted in daily timeframe on this pair NZDUSD,
I will looking price rejection in smaller timeframe between price around 0.6875 - 0.6870
What do you think guyz?
Bitcoin is still bearish (4h)I still see a bear market.
Bitcoin broke through the local 1.62% downtrend line yes, but could not break the larger downtrend line.
Until it happens we are still in a bear paws.
---
Let's return to Technical Analysis .
I see the formation of the pattern "Head & Shoulders".
The pattern will be confirmed if the market fails under the neckline.
Stochastic RSI is in the overbought zone.
RSI shows a hidden bearish divergence = signal possible bearish trend continuation.
The market must break the downtrend line, 50% Fibonacci and resistance at 4050 to become bullish .
With current indicators I doubt that this is possible.
But any turns are possible, as we all know FOMO IS REAL, so here are the settings for the current situation:
— Stop Loss: above downtrend line and resistance line at 4050.
— Take Profit: near and below the first line of support at 3450.
EURNZD Shortprice still in the downtrend channel.
price retest structure and 61.8 level. stochastic also showing hidden bearish divergent.
hope we can ride the trend.
$NGAS W,D Wly Hidden BullDiv in progessW: currently under hidden bullish divergence, check for theorical Stop, Buy and Target level
looking at RSI for pot'l 2017 trend line break
D: end of bearish div. RSI shows current rez and sppt
AUDUSD Shortaudusd on resistance.
EMA 90 and previous structure act as resistance.
hidden bearish divergent also looks good
CHFJPY Shortlook for trend continuation.
waiting for cypher pattern to entry. as price now in the EMA34 and EMA50 area.
USDCHF Shortit looks like a rejection at 61.8 level and the previous structure.
and there's also Hidden bearish divergent.
Hidden Bullish Divergence is observed on EUR/USD DAILY Chart.Indicates underlying strengths. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retests of previous lows. BUY THE DIPS".
Strategy Buy Above: 1.0875, Target 1.14700.
