W 1- Inverted head and shoulder pattern completed, we may now expect the price to recreate this pattern. Neckline of this pattern also acts as a downtrend line. In short term we may now expect correction, retest and move up again. D1 - Special cycle completed, bearish divergence formed. We may now expect the price to reach the 38.2% and 50% retrace of this...
H4 Breakout at 0.00002472 BTC, then H4 Target 0.00003894 BTC; D1 Breakout at 0.00002320 BTC, then D1 Target 0.00003520 BTC. WARNING! - Bearish Divergence $TNTBTC #tntbtc
BTC is forming a rising wedge during a time of correction. The rising wedge is a reactionary wave, which is a correction within a correction that it goes with the direction of the motive wave and overall trend. The price will likely to plummet further when it breaks out of the wedge. Also, the RSI is starting to flatten out and curve down, and the histograms on...
Pennant-pattern (see the two orange trendlines): First of all, price broke out of a "Pennant"-pattern. This resulted into a price target of EUR 1.21 Calculation: Between 12/12/2017 and 12/14/2017 price increased from roughly EUR 0.20 to EUR 0.76 The difference is 0.76-0.20=0.56 You add this difference to the price at which price broke out of the...
Ripple just finished a 5 wave impulse and will likely continue to experience corrections. Wave C, assuming an ABC correction, could bring Ripple down to $0.94 or more. My Elliott Wave analysis is confirmed by the bearish divergence on the RSI. However, I believe that this is just the beginning, and the corrections will give us a great buying opportunity for those...
Nothing remotely fancy. Bitcoin rarely refuses this bear play in its history. Namely see 3k and 5k tops.
Price is moving as per our plan D1 - Triple cycle down, double cycle up. Price has now reached the downtrend line. Hidden bearish divergence. H4 - Bearish divergence forming, we may expect a reversal to happen from the action zones. H1 - Triple cycle upside, bearish pressure. We might see one more false break. We already have a good uptrend line but if the...
RSI indicates a Bearish Divergence, good time to short. Good luck trading!
LTC just finished 5 Elliot waves on the 1 hr, 15 min, and 5 min chart. imgur.com In addition, RSI is overbought at 80 and is showing bearish divergence. The decrease in volumes mean a decrease in the number buyers. Once there are no buyers the bears take over and push the prices down. The uptrend is obviously losing a lot of momentum and will likely experience...
Bitcoin has risen about 70% in the past 4 days! It is obviously in a bubble whether you like it or not. It will definitely burst soon. However, it is difficult to predict the top, although they are many signs that 172000 the peak. First, the volume spiked 2-3 times in the last few hours: a common sign of exhaustion a reversal. Next, the RSI has not 2, or 3, but 4...
D1 - False break followed by higher highs, continuing bearish divergence (no PNP divergence yet). We might see new highs with the price reaching 160.70 magnet zone but before that we might see a double wave correction. H4 - We have first leg and it looks like a corrections is happening now. once the double wave completes itself in the 100 or 161.8 fibo level,...
BTC, by sheer power of will broke out of the rising wedge, and now is extremely bullish. We see 12345 impulse forming and could get targets to 16660 using a 1 to 1 Fibonacci Extension after a brief correction to the 0.382 Fibonacci Retracement Level, which is 13540. It will likely retrace to the 0.382 level since wave 2 retraced to the 0.618 and the correction...
After the massive uptick to 11400 on Nov 29, we just finished wave 5 and are currently experiencing corrections. However, that does not mean we can't play the bounces within the correction! Right now, Bitcoin is forming a rising wedge, both a small one and a big one. The small wedge will likely break and go down to around 11280, which is the price at the top of...
On the H4 graph of USDJPY, price was not able to break resistance (113.130) to the upside. Price compared to RSI also shows Bearish Divergence. A possible trade setup could be: - Short 3 small positions with SL above the resistance of 113.130 (111.3 for example) - TP1: 112 - TP2: 111.7 - TP3: 111.1 - Once TP1 is hit, move SL of the remaining positions to entry or...
RSI indicates XLM is going to be going down for a correction. Good time to short.
RSI on PPC is showing a Bearish Divergence and a good setup to short the correction. Good luck trading!
RSI indicates a Bearish Divergence in BTC/USDT. Corrective movement to follow.
H4 - Price broke the uptrend line. We have bearish divergence with false breaks. Price has also formed a double wave up and the price is currently moving lower breaking the most recent uptrend line. We can start looking for sells.