Open for criticism Simple chart analysis #Fin Tec Student
DXY 1H - Rising wedge pattern - Regular Bearish Divergence with MACD indicator ===> Expecting Bearish Breakout
Bitcoin has seen a dump recently. After the dump, on the daily chart it has made a bullish divergence in the RSI. Also since 17.9k low, BTC has made a MACD bullish divergence. We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k. Personally, I won't open a long position right now because this isn't enough reversal...
Short Call! BINANCE:BTCUSDT CORRECTION IN CHART: Target 2 is Target 1 and Target 1 is Target 2. (Mistake in charts) Hello Traders! I see BTC rejection from its Previous 2 days Highs! Bearish Engulfing at resistance level! MACD showing Bearish Divergence on an hourly timeframe! Risk Reward: You can close half of the lot after Target 1 is achieved and move SL...
Downtrend exited and breakout of 50MA with volume. RSI and MACD positive.
Entry point for BTC based on momentum reversing out of the bear market. For those trading on confirmation and solid risk reward ratios. Find a safe bottom, not necessarily the lowest price. Strategy 1. The major buy signal comes when the first Heikin Ashi 1M closes green. (This was once printed in June 2014. But a high RSI would falsify the signal trigger) 2....
Pay attention The Bitcoin price formed Rising wedge pattern and OBV divergence is formed and MACD divergence too. It is strong bearish signals. The target is 19 K next week.
As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag)...
MACD cross and RSI rock bottom and turning. You know what to do.
Hi Traders, Today we are on the UK100 In the 4-hour time frame, we see a nice double top. My entry was the deepest point of the neckline. I waited for the price to retrace to the deepest point at the top of the resistance of the neckline. My short position opened then. I had confluence from the divergence across the MACD as well as the large bearish volume...
Price action and chart pattern trading setup > Downtrend target in range with an ending diagonal pattern of wave C correction > Entry @ Elliott Wave channel breakout > Target @ SMA200 for medium term trade > Stoploss @ Target Wave 5 with downside -10% > RRR: 2:1 Indicator: > MACD bullish divergence continuously Always trade with affordable risk and respect your stoploss
If BTC continues to dump without a signifiant rally, this will not play out. But if we see a recovery at this point, there is class A bullish divergence forming in the MACD. This isn't reason to believe that the bottom is in and we are heading to new all time highs, but it could be a sign of a significant reversal in the short term. Most likely, I expect that it...
Considering the lack of a bullish divergence in the current MACD scenario, yet it being so similar to the previous movement, will we see continuation of the dominant uptrend? (in grey). We will have to see if a continuation pattern on the MACD follows the current formation, as it did in the prior yellow rectangle containing the bullish divergence
Short $ARKK $84.42. Appears to heavy sell off. Downtrend will continue in my opinion. $ARKK walking on very fine line of support. Any further sell off below $85 area is not good for the $ARKK. Trading below all major moving averages. MACD turned negative recently. Current support level $85 area. If broken below then expect short target 1 is $73 area in coming...
As many of my followers know, I am typically not one to talk about stocks (as my username indicates, I largely talk about cryptocurrencies). However, I do typically make exceptions when the stocks deal with crypto and/or blockchain. In this example, I want to call out the falling wedge that has occurred with RIOT blockchain. Since the all-time high (ATH) at the...
BTC has been forming a falling wedge lately, which I have shared in my ideas several times yesterday's dip confirmed its support line and brought the price up by a few % putting it back into the falling wedge asap I want to share this signal the MACD printed in the last days: a slight bullish divergence formed, and the macd line looks ready to cross the signal...
Going back to November 18, 2021, July 22’ Sugar was in a downtrend, which was broken on Mar 1, 2022 with a close of 18.12. This began a new Primary uptrend, remaining intact until April 20, 2022. Even though this trendline was broken with conviction (closing on the lows of the day April 20), the market rallied on April 21, closing at 19.81 (6 ticks from the...
Eyeballing APP here. On the daily we have three drives of classic bullish divergence on the MACD indicating price action reversal. So far, the price has indeed rallied. If APP can successfully backtest that $49.86 previous all-time low close here in late march, then I'll take a long with the chance for a very nice April/May return. Also, the sellers failed to...