H4 - Price to move higher and reach the magnet zone around 1.60. Bearish divergence to form and then look for the sells with the breakout of the uptrend line. More conservative approach would be with the break of the most recent low.
Overbought since the beginning of February. Got lucky to buy at #1. Since then Sell/Buy in increment order (#2-Sell,#3-Buy,#4-Sell,... etc.): Yesterday's 4h long breakout in a downtrend was also overbought. It signifies a continuing downward trend:
It would be great if we'll see a bullish divergence on this bear trend to set for optimism range, like the previous action.
H4 - Price reached the 38.2% - 50% retrace zone of the special cycle, bearish divergence. Price broke the uptrend line. H1 - Bearish divergence, bearish convergence. We may now expect a correction in the form of double wave or a flat correction in the form of range. Once this correction completes itself we can start looking for sells. Invalidation: If the...
H4 - Price is at the top of the channel, hidden bearish divergence. If we didn't get a valid breakout (false breaks are acceptable) we may then expect the price to move lower again and start looking for sells. M15 - Bearish divergence, if the price moves lower and close below the low at 0.8817, we can then start looking for sells. Invalidation – If the price...
H4 - Bearish divergence followed by bearish convergence. So we may now expect a correction to happen and once the correction completes itself, we can start looking for sells. M15 - Two bearish divergence in a row, two false breaks. If the price breaks and closes below 1.5625, we can look for sells. Protection – Above last high. Invalidation – If the price...
H4 - Two false breaks. H1 - Triple cycle up, bearish divergence formed. If we get a double wave correction, we can then go long with the breakout of the most recent trend line.
On the daily we have a large hidden bearish divergence. A hidden bearish divergence of this length is rarely wrong. We have bounced completely off both the bearish trend line and closed below it, we have also fell back through FIB retracement line .382 which is a important line to break. We are seeing bearish signs in MACD in 4 hr and several different bearish...
W1 - Based on the levels of the double cycles we have a magnet zone. We may expect the price to move higher and reach this magnet zone with bearish divergence and then a reversal to happen from there. D1 - Bearish divergence. H4 - We may expect one more push higher with bearish divergence to form. We can then look for sells with the breakout of the uptrend...
H1 - Price is currently pushing higher. We may expect potential H1 special cycle to form. If the price creates one more leg and completes the special cycle with bearish divergence, we can start looking for sells.
I've been seeing a lot of signs of a trend reversal with both BINANCE:NEOBTC and BINANCE:GASBTC . As is shown in the comparison, they largely follow each other, with BINANCE:GASBTC being more sensitive to a reversal than BINANCE:NEOBTC . In the short-term, we've exited our ascending channel as both trends flattened out. I'm not ready to exit my positions...
D1 - We have a potential triple cycle and it looks like this triple cycle is converting itself into a special cycle now. We have divergence only on the histogram now. We may now expect a correction to happen within the area which was the breakout zone and the bottom of the range. Once this special cycle completes itself we may look for a correction to happen and...
I'm long-term bullish about BINANCE:ADABTC -- both the technology and the use case it looks to solve. We're clearly on a downtrend here, and the RSI deviation has been a good indicator of future price movements. We're highly oversold here, so I'm expecting a bounce back up in the near term. After that, we're seeing price separate from the long-term moving...
It's not smart of me to post bearish charts on Bitcoin when FOMO is in play, but seeing a few bearish signals for BTC in the short term (although I am overall long term bullish). Yesterday, Bitcoin experienced a correction from 11.2k down to 10k. It has now recovered to 10.7k as of now. I remain unconvinced that this will be the end of the correction. To add...
On lower timeframes gold looks bullish. So I expect a retest of the given resistance areas. After that the trend will go bearish.
D1 - Price is nearing the top of the channel. H4 - Price broke above the first magnet zone and is holding above it. We may now expect it to reach the second magnet zone and a reversal to happen from there. The second magnet zone coincides with the top of the channel and also we have a potential bearish divergence forming at the moment. Once the price reaches...
D1 - Price reached the magnet zone, bearish divergence forming, we may expect a reversal to happen soon. H4 - Price broke above the range and reached the magnet zone. We have bearish divergence, we may now expect the price to create bearish convergence and then look for a correction. Once the correction completes itself, we can join the sells. Aggressive...
Bitcoin might have just completed an ABC correction in the form of a rising wedge. Wave A is a leading diagonal in the shape of a rising wedge, so subwaves 4 and 1 can overlap. Wave C seems to be truncated and is a 0.5 Extension of Wave A. The RSI is showing strong resistance at 70 and the MACD is showing bearish divergence on the histogram. The alternate wave...