D1- Price moving inside a range. H4 - Double wave down and price broke out of the downtrend line. We may now expect this bullish momentum to continue further. H1 - Bearish divergence has formed. So we may expect a correction to happen now. Once this correction completes itself we can look for buys.
D1 - Bearish momentum due to daily cycle. H4 - Price moving inside a range, currently at the top of the range. H1 - Price reached the critical zone that has formed with the 161 fibo level and the top of the range. We also have bearish divergence. If we get a reversal here we can look for sells.
RSI indicates of a Bearish Divergence, expect a correction, good time to short. Good luck, happy trades!
Triangle (orange lines) We see a triangle, which is a continuation pattern. --> expectation: upside breakout Rising wedge(blue lines) However, we could also see a rising wedge, which is a reversal pattern --> expecation: downside breakout Bearish divergence between price and RSI (red lines) We notice bearish divergence between the price and the RSI: price action...
At the moment price is at a breaking point of a triangle (orange lines). The triangle is a continuation pattern so the upside is favored in this case. However, you can also see a rising wedge (blue lines). The rising wedge is a reversal pattern so if you would apply this pattern, the downside is favored. Bitcoin is in a rising trend so from that perspective a...
ETHUSD is poised for a correction as there is bearish divergence between the price and the RSI (see at the bottom of the chart). Price sets new highs. However, these are not confirmed by the RSI as the RSI doesn't set new highs (see the blue lines) --> The price increase is running out of steam as the price increase is not confirmed by momentum (indicated by the RSI )
BTCUSD is poised for a correction as there is bearish divergence between the price and the RSI (see at the bottom of the chart). Price sets new highs. However, these are not confirmed by the RSI as the RSI doesn't set new highs (see the blue lines) --> The price increase is running out of steam as the price increase is not confirmed by momentum (indicated by the RSI)
BTCUSD is poised for a correction as there is divergence (see the blue lines) between the price and the RSI (see at the bottom of the chart) The price sets new highs but the RSI doesn't confirm these highs: the RSI doesn't set new highs --> Price action is not confirmed by momentum (indicated by RSI): price increase is running out of steam
D1 - Price bounced from the top of the range. H4 - We have a downtrend line. If we get two waves up with bearish divergence then we can go short with the breakout of the most recent trend line. We also have hidden bearish divergence. If the price breaks above the H4 downtrend line then this setup is invalidated.
D1 - Double cycle completed. Hidden bullish divergence. H4 - No hidden bullish divergence, critical level formed with downtrend line and 100 fibo level. We already have a first leg up so we may now expect the second leg to reach this critical level with bearish divergence forming between two legs. We can go long with the breakout of the most recent downtrend...
D1 - Price moving inside a range and is currently at the top of the range. H4 - Price is at the top of the range, potential bearish divergence. Once we get a breakout of the most recent trend line, we can look for sells. Alternatively if the price breaks above the daily range then we are going to follow the bigger range.
D1 - We are following big trend line. Potential double wave forming, which could provide down moves to fibo levels. H4 - Price broke the uptrend line. H1 - Bearish divergence. We can go short if we get a valid breakout of the most recent trend line. Conservative Approach - Wait for the break of the most recent low. The zone highlighted in the screenshot at...
BTCUSDT is forming another bearish divergence with price/RSI as it approaches 7k. Historically, these divergences have led to corrections; if this divergence completely forms, it could start another one here. If it drops before 7k and breaks below this wave's uptrend, I'm thinking it will most likely form another Elliott 3-3-5 flat with extended wave C as it's...
W1 - Bearish divergence and also we have a uptrend line, as long as there is no invalidation and bullish reversal signs we may expect the price to reach this uptrend line. D1 - Price moving inside wedge pattern, false break at the top. We may now expect the price to move towards the crucial zone. H4 - Price respecting the downtrend line. There are two possible...
I always look for multiple tops, hns formations and (or) bearish divergences for a direction change after strong trends like we had in bitcoin. Here we got 2 in hand and I can start waiting for price action at and arround the left shoulder level and the neckline. note to oneself: must be prepared for an explosive rally if the bearish hns fails...
W1 - Bearish divergence formed, price is respecting resistance zone. H4 - Price broke below the uptrend line. Now we may expect correction in the form of double wave. Once the correction completes itself, we can start looking for sells. If you want to be more conservative wait for the breakout of the most recent trend line after the double wave correction and...
As you can see the price is going up to the major resistance zone which gives us opportunity to go short. It is uptrend so don't expect a lot of pips. Look at the candlestick pattern and make a decision. Confirm on bearish divergence. Entry price is about 1.24300. TP is 1.23400(90 pips) SL is 2.4950(65 pips) Good Luck !
D1 - Price broke at the bottom of the range. H4 - Double wave correction happening. Price is inside the 38 – 50 zone, also we have bearish divergence happening at the moment. H1 - False break and bearish divergence. Price respected both the magnet zones. Once the price breaks the most recent trend line, we can look for sells.