QuantumDivergence

QuantumDivergence

Bitcoin has had a very ominous pattern forming since the swing low, with some quite bearish long term momentum. The 50 and 200 weekly EMA's however, are currently within 2% of each other, which typically lends itself to an incredible amount of volatility on more local timeframes. Buckle up. It might be about to get WILD in here. If the rising wedge plays to...

QuantumDivergence

USD Index has been finally showing some conviction this past week, with a harsh rejection from the 800 EMA off of the economic data on Friday. I am very interested to see what Bonds DXY and especially Euro and Japanese Yen are planning for this week.

QuantumDivergence

Mama said Bobby Boucher don't you be out the fuddin' the foosball whicha foosball friends. A Satoshi, however, being sold at any kind of markup is a catalyst for a black swan. I am not saying that is what is happening here. Mama said Bitcoin not off an exchange is the DEVO! Financial Innovation for the 21st Century (FIT21) and Blockchain Regulatory Clarity...

QuantumDivergence

US OIl had some nice moves today. Related to the recent supply news, and in my honest opinion, for the idea of any end to fed tightening, we really don't want to see something like this, particularly for inflation. Let's hope these sell blocks are strong enough to push price back down. Seems to be at the apex of a rising wedge in an Elliot Wave 5 which could be...

QuantumDivergence

This is a very dangerous looking daily chart on a macro scale this is not looking very good at all. It is not impossible we see a crazy few daily candles to wreck all the shorts set up throughout the local range. This chart is suggesting something not very good is inbound for these markets. It is still too soon to say and the 200 Daily EMA has been ROCK solid...

QuantumDivergence

We have several times found support at the 4hr 400 EMA. This level has held well so far, and we now have a positive Schaff Trendcatcher signal as well as a hidden bullish divergence. These tend to result in a bullish divergence being confirmed on a lower timeframe, which means we may see more dipping. It is also not impossible at this point in this market for...

QuantumDivergence

DXY got a massive move off today's data, perfect Rejection of the 800 EMA, as well as an absolutely flawless Elliot Wave.

QuantumDivergence

XRP Just tested its 400 EMA. after losing the support of a large triangle structure, and rejection of the 50 EMA. If this level does not hold, it could become very bearish very fast. If not, though, we might see an impulse from here to the upside, as it is starting to look a little bit like a falling wedge. It is also in the midst of a valid wave 3-4 Elliot Wave...

QuantumDivergence

Sometimes, when a long term EMA is in proximity to a short term EMA, it is known to be some of the most important confluences for long term swing traders, known as the "Golden" and "Death" Crosses. Sometimes, the market makers like to take advantage of traders looking for this confluence. This is what causes expansive volatility within these ranges. It can also...