Good day Traders Our $3470/$3500 support has been holding strong. Although we keep getting rejected by the $3550/$3600 resistance, we now have bullish divergence on the 2H MFI so still expecting a move to the upside. Our 1D SMA50 is going to be strong resistance yet again, this time around $3670 but we first need to get above $3600. The way I see, we have 4...
Good day Traders The way i see it, Bitcoin is either in an ascending triangle or it has broken out of that bearish pennant which could take us down further to retest our lows, however, I don't think we should be one dimensional with these chart patterns and more often than not, an open mind is required (and proper risk management) if you don't want to...
Falling wedge resistance is holding with bearish divergence on 1H MFI. We had a 61.8 fib retracement back to our 9 December swing high and should have a drop to our 161.8 fib extension coinciding with wedge support at around $2800 before we have a strong wedge breakout to the upside. Target set at $3950 using the wedge height, our 1D SMA30, strong horizontal...
Bitcoin dropped from that triangle, however, we found support on the weekly SMA200 and I don't believe we're ready for that drop below $2900 just yet. If we do drop lower, we should find major horizontal support at around $2960. Selling volume is slowly drying up and I have to admit, it seems we actually have regular bullish divergence on the weekly MFI and not...
Bitcoin currently forming a rising wedge and showing strong hidden bearish divergence on the 4H MFI. If the larger formation is a broadening wedge, then we have already touched resistance twice and should be making a move towards our most recent trend line support which has been holding since 1 December. This is also a 20.75% drop from the 4 December high and...
**I was just about to click publish when the short squeeze beat me to it. This was the analysis: Bitcoin sentiment and the weekly chart is bearish, however, Bitfinex shorts are rising and have fallen out of and retested a rising wedge which means we might have a short squeeze from here in the short term and a bounce to retest that pennant as resistance at around...
MFI has been increasing during this correction...aka people are buying. Read more about MFI: stockcharts.com
hey whats up yall this is my long AAPL idea. i am using bollinger bands and fib extensions for support area. i am also using rsi and money flow index for divergence indicating a long swing. im using fibonacci retracement for my tp levels.
Price hit the angle of this fan and seems to be primed for reversal. There is also an important divergence on both RSI and MFI. On the fundamental side, USOIL seems to be on a new upward phase and CAD is responding good not only on this pair but also on EURCAD and USDCAD. Good luck, and thanks for your comments.
I see a bullish divergence on the daily chart for coffee. The MFI has made higher lows while price has made lower lows. I believe coffee is headed higher to at least the 50% level of 1.4585 (if not high 140's).
It is worth the short with nice R/R. My signal is now active and I expect it to go at least down till last support around 1,0886. Thanks for your comments and good luck.