Morning traders Looking at a great setup on British Pound versus US dollar with Bearish Engulfing candle pattern forming on the daily charts between Friday and Monday and drill down to the 4 hourly charts and we see a head and shoulders pattern forming. Both suggesting British pound is about to head lower versus US dollar. Additionally we have bearish...
BTC dominance appears to be within a Bearish Pennant... This is my current count here... Also within a Rising Wedge... 5Day Bearish Divergence with Declining Volume at the top of the trend line... I expect BTC to decline in dominance within the Crypto Market cap within weeks if not days.
I assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
D1 - Price broke below the triangle pattern, we got pullbacks in the form of double wave, bearish divergence and then we got a trend line breakout. H4 - Currently it looks like a pullback is happening, bearish hidden divergence. H1 - Double wave up, bearish divergence. The price has broken below the most recent trend line we may now start looking for sells...
NASDAQ:AMD made a double top combine with a bearish divergence on RSI. What I'm looking for : Best scenario pullback to 38-50% fib Other scenario pullback to 50 EMA Worst scenario breakdown of channel looking for another setup
Beyond Meat bubble is beginning its burst with Stochastic RSI, RSI, and Godmode showing a Double Top on the Daily with bearish crosses... Declining Volume within a Rising Wedge... Consecutive Hanging Man candles on the Daily... Short target is the major unfilled Gap on the Daily...
W1- Double wave down, price broke below the 61.8 level, until this breakout holds, we may expect the price to move lower towards the next critical area. D1 - Bearish divergence, price broke below the bearish flag. H4 - Price has currently broken below the last low, we may now start looking for sells with more bearish evidences.
Morning traders New week and we are looking at a new bearish divergence setup showing up on US dollar versus Canadian dollar on the 4 hourly charts with new highs on prices being met with a combination of lower highs on both RSI and stochastics pointing to a bearish divergence and a likely fall in prices over the coming trading session. Looking to trade this...
BTC shows 2 bearish patterns, including a rising wedge and a regular bearish divergence. Price is expected to drop to $10,000 - $10,250 area, there will be a good place to buy BTC for higher targets. The supports, resistances are as shown in the chart.
W1 - Price trading inside a range. Top of the range zone is now reached. D1 - Special cycle. Potential bearish divergence on the way. If this special cycle completes itself then as per the book scenario we may expect possible pullbacks to happen. We may then look for bearish setups with bearish evidences on lower timefrmaes in order to start looking for the sells.
W1 - Price broke below the triangle pattern currently it looks like a pullback is happening. D1 - Bearish divergence. H4 - Price reached a critical zone formed by the fibo levels of the cycles and the bottom of the weekly triangle pattern, bearish divergence. We may now look for more evidences of bearish pressure in order to join the bears.
W1 - Price broke below the channel, currently it looks like a pullback is happening. D1 - Bearish hidden divergence. H4 - Bearish divergence. We have two possible scenarios: - One more push higher and then we may look for sells with bearish evidences. - Immediate continuation lower.
D1 - Bearish hidden divergence. Price has reached the top of the range, and on the last push up the pair formed double top with potential bearish divergence (depending on how today's bar will close). H4 - Breakout below the last low shown in the chart could provide sells.
D1 - Price has reached the top of the bearish flag, bearish divergence. H4 - Bearish divergence. H1 - Price has reached the critical zone formed by the top of the daily bearish flag pattern and the the fibo levels of the cycles. Bearish divergence. Until this critical zone holds, we may look for more evidences of bearish pressure in order to join the bears.
D1 - Special or triple cycle completed, currently it looks like a retrace is happening. H4 - We have two critical zones that has formed based on the fibo retrace and fibo expansion levels of the cycles. Price has reached the first critical zone, we have bearish divergence, until this critical zone holds, we may look for more evidences of bearish pressure and...
Looks like BTC formed a rising wedge on the 30m chart, couldn’t break resistance at $10,970 and is now breaking out of the rising wedge bearishly. We saw bearish divergence on the MACD and RSI and now we’re seeing negative momentum building on MACD. Let’s see what happens.
BTC seems to have topped out as previous highs have been strongly rejected, as indicated by the large red volume bars. Reasons of concern: - Strong bearish trend on the RSI - High selling volume - Increased media attention for Bitcoin A conservative price target would be at the supporting trendline and historical support level of $8750.
Bearish divergence is playing out on a few different timeframes. We can see clearly on the 1hr that COINBASE:BTCUSD is losing steam. A further pullback is likely from here.