A possible count for BTC/USD, DXY dumping, bullish rsi div charlie munger stamping his feet cramer calling it a scam , max fud, - lets go !
Double top currently formed, holding onto support. Would love to see a bounce on Costco. Long term portfolio would love to see this break lower.
day late dollar short wouldve moved sooner but missed it exited to see how it would have panned out.
I am still bearish on my longer term analysis, but looking at the intraday i see a possible 1810 A falling wedge and exhaustion of selling as we wedge into support. I have pulled a fib retrace from that structure and am targeting the 382. The 618 may get hit but will act as icing on the cake. Also we have divergence on the RSI below. Happy trading.
looking at the 1D chart there is a bullish divergence on the RSI. be patient
LONG TERM HORIZONTAL RESISTANCE .234 FIB RSI OVERSOLD RSI BEAR DIV SHORT TERM, BUT COULD POTENTIALLY UNWIND BIGGER M TOP FORMATION INSIDE BAR CANDLE ON A DAILY TF ETH 2.0 FUNDAMENTAL EVENT HAPPENED ON AUG 4TH. WILL THIS BE ONE OF THOSE "SELL THE NEWS TOP"? FEAR AND GREED INDEX FOR CRYPTO 79 - EXTREME GREED. NOT A GOOD SIGN TO SEE AT RESISTANCE. IF YOU FIND MY...
No comment, chart is more than words.
On the weekly you can see a massiv bullish divergence on the OBV for Bitcoin building up. This is a regular bulish divergence where the dumps become less and less powerful. I wouldnt base a trade solely on this divergence, but it tells, that a reversal is getting closer. Maybe not the next or the one after. But getting closer.
Everything is on the chart, let's see if the divergence confirms
This hidden bearish divergence is valid only if we don't make a higher high on a price (2.09 is a resistance). If we stay below 2.09 down go EOS We can also see a regular bearish divergence on a lower time frames.
Entry: 3703 Target: 3937 Stop: 3624 RR: 2.8:1 Cross Leverage: 0.3x
Hidden bullish divergence on various oscillators. Stoch RSI still on zero.
falling wedge can bring us 2 targets. stop loss is clear. bull div is created on all indicators.
Underlying div, and bounce on major support level. Enter till monthly pivot for TP. Good weekend all!
GoPro has been diving into the depths of the chart, doing price discovery and trying to find a bottom; but we can see the market has been buying these dips, as illustrated by the MACD and RSI bullish divs. Taking the long trade here is really good in terms Risk/Reward but gambly in the sense that there's no bottom put in just yet.