Hello everyone,
I just found a bearish RSI divergence on weekly chart of Nasdaq. RSI (14) on February 5 was at 73.05 and 72.91 on February 26. Close was 15990.66, now is 16274.94.
In addition there was a bull cycle of 18 bars on weekly chart from March 13 2023 with price increase of 31.54 %, current cycle from October 23 ended with 29.96 %.
And there is a high...
NASDAQ Weekly
Price Chart
After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term...
As you can see Bitcoin is forming a bearish divergence on the 4 hourly chart which could cause a short-term reversal in price to the two potential support lines.
Chart pattern forming higher high but RSI forming lower low in 4 hour chart pattern and around that area past resistance is there so book profit if your holding and buy again if it breaks that resistance with volume
dsdt dominance is near to old uptrend And in 4h timeframe we see divergence on rsi, We expect to be rejected from the 4.7 range and see a market recovery
Despite of war and all that stuff, if we just focus on technical part we will see that rsi diversion is forming in oil and if this is true than yeaah! We will be again back on track i.e. Bullish market
BTCUSD is showing Bearish RSI divergence. This can be a retracement to the Bullish 📈 trend or change in the trend to Bearish. In any case I'm shorting this pair. Good luck 🤞🏾
There is a lot of excitement about COINBASE:BTCUSD as the halving is now less than 7 days and 1,000 blocks away!
However, I'm still looking at one more price dump that needs to happen. There is a bearish divergence occurring with LH on the RSI and HH on the price. You can see it happening twice on the price chart as the RSI continues to make LH and LL and...
Take a lok at the divergence btween the RSI and Price charts with its recent highs. There's also the Trend lines on the RSI that are testing below the Resistance trend hopefully will be a long term hold as the SPX needs to take a damn break.
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The Price has formed a bearish flag after the rupture of the trend. We are expecting the Price to continue its bearish trend and go further down
RSI and MACD divergence is shown in the graphic
Confirmed divergence for MACD and RSI - showing a reversal
MA (100) and MA (50) are crossing = signal for sale
target is 1.5400 as a strong support level
The Market is testing for third time a major resistance level and gives us a sell signal for my previous idea on the same pair, daily chart. We have Major Structure Level on a HTF and TTF as well, RSI Divergence, Triple Top and we are on Overall bearish trend based on 1D,4h HTF. I think I'll jump in , wish me luck ! :D
The 4 hour timeframe of Bitcoin (BTCUSD) is shown in this analysis and commentary is provided below based on the numbers marked on the chart in an ascending order.
(1) Bitcoin bullish price channel that arose from a Head and shoulders bottom (inverted Head and shoulders) pattern that confirmed after price close above ~$6,869.60.
The implication of the Head and...
