On this chart, i have identified an ending diagonal structure similar to the ending diagonal we had before the crash to 30k. You can see i have identified 1-2-3-4-5 waves leading up with 64k with wave 5 being an ending diagonal. Following the ending diagonal, there were 5 waves down which leads us to believe that was wave A of and ABC correction. Wave B is usually...
My followers made nice profit trading last LUNA idea of mine. You can see it in the link below. Now we have to take a step back and take a look at the bigger picture. In last idea, you can see a faded rising wedge that was invalidated by BTC drop (pulling LUNA down also). We traded that descending channel and made a nice profit, but now we can clearly see LUNA...
The pump is losing power. My guess would be it drops within the next few days. Might see another attempt at breaking 50k.
Rising wedge with bearish divergence that could take months to play out.
This chart shows several bearish signals on the BTC daily chart, and is meant to provide insight into possible (but not guaranteed) future price movements. - It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend). - It shows a decrease in volume. - It shows a bearish divergence...
Going to target the 100 percent retrace for profit taking here.
1H Bearish Divergence Forming. 30 min bearish divergence & double top created first leg of 1H double top. If price maintains at resistance possible sell coming next week. Don't think price will move that much today. If price breaks resistance and shows bullish momentum then it will be going for swing highs.
Silver tried to breakout and failed then it also failed to gain any sort of bullish momentum on the weekly and now it looks to be ready to crack the support after having a nearly confirmed partial rise and closing lower than is has closed since becoming rangebound. The Measured Move of this range breakdown would take us down to the .886 retracement where i then...
Lets see if we can get a major reversal off the 1.13 this time.
In my Gold sell idea post, I mentioned that the price has reached a key resistance zone and I'm looking for another wave up that will also complete a bearish divergence on the H4 chart and then we may expect the price to move lower further. The price action followed my analysis and moved as per the plan here. The price created one more wave up and completed the...
Formed double top on 30 min chart inside 4H Zone. 30 min bearish divergence. Waiting for 5 min to close under marked line on chart for entry.
The weekly move down we got before will be nothing compared to what we get here. Last time we got a decent move down off a daily Dark Cloud Cover but this time all focus is on the Monthly Divergence and the Monthly Bearish Engulfing This will come down with all the major indexes.
We peaked above the PCZ but now we're back in it and showing Divergence I'm going to take this one all the way down to A
ETH has made a 1.13 retracement and was rejected pretty clearly. This maybe the starts of a Partial-rise which will lead to a break of this broadening pattern and would atleast take ETH down to around $2600
I posted a chart on the SPX back in April that showed that is was in a monthly price channel and nearing the top. Today i noticed that we hit the top of said channel. The RSI is showing divergence and the MACD may look to cross downwards soon. I think that we will be seeing a bit of red in the next couple of weeks.
So just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
Will be shorting this one through the buying of puts as i'm bearish on retail.
This one has been going up like crazy lets see if we can retrace back to our trendline with the help of some bearish divergence and a wedge break.