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Bearishdivergence

Introducing Dynamic Action Convergence Divergence (DACD)Hello, it's Stock Justice here! In our latest video, we explore the intricate workings of the Dynamic Action Convergence Divergence (DACD) - a tool that synergizes the robustness of the ADX and the DI lines to create a dynamic and responsive trading indicator. We plunge into the depths of DACD, starting with the base components - the Average Directional Index (ADX) and the Directional Movement System (DI). We then demonstrate how these two indicators are harmoniously fused together to form a comprehensive tool capable of signaling market momentum and potential trend reversals. We further elucidate how the DACD uses moving averages to mark potential bullish or bearish trends, and how divergence within the DACD can indicate trend continuations or reversals. The video also highlights the DACD's proficiency in multi-timeframe analysis, enabling traders to view market trends from a broader perspective. Closing out, we underline the DACD's versatility as a powerful trading instrument, while emphasizing the need for using it in conjunction with proper risk management and a balanced blend of other technical analysis tools. This video is an essential watch for all traders seeking to enhance their trading arsenal and navigate the market more proficiently!
SP:SPXEducation
by FadingExtremes
BTCUSDT Complex C - Multi Wave in an Ending DiagonalBTCUSDT made a beautiful corrective C-multi-wave pattern, which surprise terminus finished with an 5th wave leg-up that surpass the trend-line, after an ABCDE triangle. In the Wyckoff Method narrative we can call it an upthrust movement in phase c of a distribution. About the wave count, the entire triangle is an contracting ending diagonal of a corrective wave C, in which we can see a multiple pattern that confused the prediction. After the "thrust" the price action should return to the break point, characterizing a "false break". It's common in C-legs, when the triangle occurs, that it's exceed the break-point. In this case, price reached the weekly supply, interacting with AVWAP from ATH. Now the bears are slowly take control. I'm expecting 18% drawdown of a downtrend till the wave 3 of a potential impulsive downward.
Short
by firmestudio
BTCUSD: 0.618 Retrace Likely Before Continuation HigherBitcoin has Formed a Peak during after a 5th wave while trading at the top of a Broadening Consolidation Structure and showing Bearish Divergences. If things were to go as one would expect, I would think BTC should have around a 20% pullback to about 23k which would take us back to the POC and would be a 61.8% Retrace of the Local Low to High. If we can then begin a rally from the 61.8% retrace, it will then be a Potential Partial Decline which would almost guarantee that BTC Bullishly Breaks out of the Broadening Pattern upon making contact with the upper trend line. If this were to happen I would say BTC could very easily see 40k but I also think that it's very likely that this will be the pivotal point that begins Bitcoin's greater rally up to $60,000 then $146,387 as can be projected via the volatility trends that can be seen in this chart below:
INDEX:BTCUSDShort
by RizeSenpai