In addition to this, we have confirmed bullish divergence on the RSI. I am not a fan of the double-bottom pattern, but combined with the RSI bullish divergence, I would say that buying a little more at these levels wouldn't hurt. Not sure I'd be using leverage, and I'm not doing this for a while, but for basic b*tch DCA crowd, this is good enough provided you save...
This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
Wait for the breakout of Trend line as resistance and in RSI also.
As can be seen in the chart below, the upward waves have been getting steeper while the downward waves have been getting shallower. This means the bears are losing momentum and the bulls are gaining momentum. There are also bullish divergences in the RSI. These signals combined mean it is extremely likely that we see an uptrend for 1-2 days at least to 48k and beyond.
FX:EURUSD
The chart is well explanatory on its own, let me just clarify to prevent confusion and uncertainty
Denoted Terms:
1. Key support level (Lower rectangle)
2. Entry level :- Horizontal green line
3. Near resistance/support (Upper rectangle)
4. Take profit levels:- Horizontal blue and purple line
The indicator used :- Relative Strength Index (RSI)
1. From...
Good day guys! It has been a few days since my previous post. Those who follow me know that I am a long term trader, so when I enter a position, I look to hold that position for days at a time. On the chart, I wanted to show you what I found in common with all these positions I entered into as the trends continues downward. There appears to be price action...
Bitcoin looks to have surprised a few today as it looks to have potentially bounced off of the trend support I mentioned recently.
I have recently changed back to the linear chart and what I find interesting is we are back in a potential wedge again (solid red and green lines). I feel like this is the movie "Jurassic Park" where the boy yells "we're back in the...
BTC is repeating a pattern from the middle of April. That pattern is a Bullish Divergence (which you can read about here )
Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days.
Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows.
But it does look like BTC can at least bounce...
Bullish divergence is one of my favourite indicators with great hit rate. As you can see on the chart, there is a forming and likely confirmed bullish divergence on 4H timeframe. It's also important to note that the current candle (circled in black) is a hammer so it enforces the hypothesis of an up coming reversal. You can take a shot at candle close or wait a...
We had a significant move up since the last bullish divergence on this asset. Now we are having the same set up (not confirmed yet), need a higher close of this current candle. If it happens, it will be definitely a long from here. You can let it go if price drops below $ 11.3 so it's a good R/R trade to think about.
Note : if you like this content, don't forget...
Since my last analysis here , LINKUSDT has made a great move. However in LINKBTC pair, I believe that the party has not started yet. As you can see on the chart, there will be likely a bullish divergence (blue arrows) on 1D timeframe. The last time this pattern formed on this pair (green arrows), it had made 20% in 3 days. I believe that if the it can break the...
Just the thoughts of an eternal optimist trying to learn...
To me, looking at the daily chart it looks like we have a bullish divergence. With Bitcoin on the rampage I wouldn't be surprised if we did drop a little bit more from here before rising again.
I've seen many charts with people expecting 30, 40, 70 dollars by EOY. If we can reach previous ATH before EOY...
COINBASE:BTCUSD likes to confuse traders with its price action. In the green circles, we can see the support break twice before the price shot up to resistance.
Once price broke resistance, Bitcoin came down to the support zone and bounced off like a textbook triangle breakout. However, The support zone broke which makes it resistance again. Right now we can...
I think it is time to long on STEEM (at least for a short period of time).
- Rsi Bullish divergence on 1 hr
- Possible falling wedge forming
Let's see if this one reaches targets!
