Get started

Hidden Bullish RSI Divergence

UPCOMING BULLISH OUTBREAK FOR BITCOINHi, Happy Friday! So here I am looking at 4HR candles to get a sense of what I can expect bitcoin to do over the weekend. Right now I see a "hidden bullish diverging" pattern is forming quite nicely inside of the pennant. A hidden bullish diverging pattern is characterized by higher lows on the price movement, and lower lows on your indicator. Here I am looking at OBV. As you can see the two are diverging. According to babypips.com (this website is awesome if you're trying to really elevate your TA to the next level), a hidden bullish divergence shows underlying strength and usually peeps its head during retracements of an upward move, of which we have been in for the last week and half. In addition to this, the Bollinger Band is tightening its grasp on BTCUSD and I expect to see price consolidating tightly between 11,900 and 11,700 before continuing the upward move. Thanks and have a great weekend!
BITSTAMP:BTCUSDLong
by StudyingCrypto
1
BTCUSD Clarity on the DailyStill a novice, but my life has been so much better since I stopped using the 5m-3h time frame. Yeah, 5min.... Lessons well learned the hard way. No one I know trades and I work in a polar opposite environment where no one really cares to learn. So I have been teaching myself and have been profitable on some nice trades lately. Here is what I have been going on adding Supports and Resistances as I go. Hell, I didn't even understand divergance til 2 weeks ago, but when I got it helped me catch the 9400-12300 run we just had over the past week. Cashed out at 11850 and at first was like "dammmnnnn left money on the table," but looked at my P&L and not only did I got from Negative, I'm up a solid 6% on the YTD. I know thats not a lot in Crypto land, but its a lot to me! Dare I say a trend change.... Best of Luck To ALL! BSB
COINBASE:BTCUSDLong
by BloodSweatBeers
HQ Setup for #FactomHi friends! Welcome to Poop's wave count analysis on $FCT. If you have missed the November pump, now is your second chance to ride the #FCT Bullish Cycle. The previous uptrend (wave 1) had a very significant volume and the succeeding price correction (wave 2) had a weak volume which gives us the conclusion that we have a bullish trend. We just completed wave 2 and looking to reach wave 3. We just had a perfect bounce at .786 Fib level which has a confluence with a horizontal support and the 200 day moving average. A bullish divergence and a buy signal backs this analysis. Targets: T1- .0025/ 40% T2- .0032/ 80% T3- .0042/ 130% T4- .0050/ 180% T5- .0070/ 300% Note: T1 is our First Trouble Area (FTA). It would be nice if we can book some profits here. T4 and T5 is not a valid target if we fail to break above T3 which is a significant resistance. That's it friends, I looking forward for your comments on this analysis. Enjoy the gains! This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Poop Trader
FLong
by PoopTrader
3
Waves Accumulation ChannelHi friends! Welcome to waves update analysis, among the few coins with huge announcements and had been among the top 5 in volume since it moved first week of December. Waves recently caught my attention printing a very interesting widening mouth pattern that could drive waves higher. Its currently sitting on its 12 EMA with a very nice doji candle close with confluence on a trend support. A bounce at this level will trigger a 2X move. A hidden bullish divergence also supports this price action. 5 waves on a widening mouth channel is a springboard for a big bullish move. It is currently on its 4th wave in the channel. If it does completes the 5 waves on the channel, waves will likely print new highs after a correction. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Bullish Poop Trader
WLong
by PoopTrader
7
"LONG" USD Falling Wedge Pattern!!I believe we are in a falling wedge pattern which could potentially take us to 6.42 and coincides with the fib retracement( GOLDEN POCKET) between 0.618 and 0.65, the 200MA marks the end of the wedge and could be considered as strong support for this move upwards. Also there is strong hidden bullish divergence on MACD & RSI ... - Ofcourse we must not disregard a few negatives which are that we have just had a death cross with the 50MA crossing the 100MA downwards. I would love to hear your thoughts about this analysis, as i am always trying to learn and gain experince using different techniques!! I am not trading this Trade nor do i advise on using it, this is purely educational purpose only. Thank you.
Long
by CannonMohamed
EURGBP Sell IdeaH4 - Price reached the critical zone and moved lower, bearish divergence. We may now expect one more push higher with the price reaching the critical zone again, we may then start looking for sells with bearish evidences. H1 - Hidden bullish divergence. One more push higher is very likely to happen in the short run before the move down. Invalidation: If the price moves higher, breaks and holds above the H4 down trend line with momentum then this setup will be invalidated.
Short
by VladimirRibakov
XLM is showing Hidden Bullish Divergence.XLM/BTC is show-casing hidden bullish divergence on the 4-hour RSI and CMF. I expect the Stochastic to start showing it soon as well. As the price has made a Higher-Low, the Indicators have made Lower-Low's. I made a previous analysis on XLM stating to short from 3915 and reenter at 3730, and that has played out to near perfection. We are currently hovering around the .5 fib level, and it looks as if we will be making a move to the upside soon. Liking the risk/reward on this trade. Do keep an eye on Bitcoin and its price movements, as for it can have a major impact on alt-coins and their movements. Entry: 3730-3770 Target 1: 3910 Target 2: 4130 Target 3: 4490 SL: 3600-3680 (depending on risk/exposure level.) --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility .
Long
by Deftsuo
2
OCN/BTC showing hidden bullish divergence. OCN/BTC is showing some hidden bullish divergence on the 4-hour RSI and CMF. As you can see by the white trend lines, we made a higher low with the price, but a lower-low with the indicators, show-casing classic hidden bullish divergence. We are already seeing the price start to move to the upside. Liking the way this trade looks so far. Do keep an eye on Bitcoin and its price movements, since it can have a major influence on alt-coins. Entry: 175-180 Target 1: 185 Target 2: 195 Target 3: 205 SL: 168-173 depending on risk level. --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
O
by Deftsuo
1
Break out - Ascending triangle and bullish divergence part 2Bitcoin back in the game! Following on from my previous chart, BTC had fallen out of the ascending triangle and was consolidating at around 0.5 fib $6475. The 4 hr candle broke above and then opened back inside the ascending triangle after finding support and the hidden bullish divergence on the RSI is still in play. We have 2 trend lines acting as strong resistance, the purple trend line which connects the peaks on 24 July, 4 September and 28 September and the orange trend line connecting the peaks on 05 May and 24 July. Once we break through these 2 trend lines and above the bullish ascending triangle around $6800, we should have enough momentum to break the previous $6839 high set on 22 September and price should reach $7037 at 1.272 fib using Fibonacci retracement with a possible extension to 1.424 fib at $7140. Bitfinex being the most bullish exchange is conducting a 2 hour maintenance today so set alerts and take precaution. Happy trading and good luck! Previous analysis:
Long
by Corn_Reaper
VET 2 possible profitable scenariosTechnical Analysis of VET revealed that there is going to be trend reversal soon. According to various indicator such as MACD and DMI VET will become bullish in the mid term. Nevertheless, Stoch RSI indicates a small price decrease in the short term which will finish very bullish pattern Inverse Head&Shoulders. This scenario is strengthened by revealed hidden bullish Divergence, as indicator has lower lows edges and the price higher lows. However in today's BTC manipulated market there can happen a break down it is the second scenario. In such a case there will be typical bearish XABCD which can be used to rebuy at its low and sell at the 1st target. Probabilities of scenarios: 1st - 70% 2nd - 30% Free targets, stop loss and buying zone are on the chart
Long
by Skyrexio
short- & longterm long for XLM Stellar LumensStellar Lumens BITTREX:XLMUSD finds itself sitting in a symmetrical triangle since its alltime high on january 3rd and its pattern low on march 18th. Let's conclude, for a valid symmetrical triangle pattern, we need to meet the following criteria: An established trend: In our case this one is bullish At least two lower highs and two higher lows, in order to draw trend lines which create the symmetrical triangle Volume diminishes as the apex gets closer, on breakup we need high volume though Pattern duration should be a few weeks to many month: This one lasts for over half a year now The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span: We are currently in the second half of the pattern IF, XLM can break up of the triangle, the price target is about the size of the pattern itself from the breakout point, which leads me to the target projection at around .82 $ per XLM. P.S.: looking at the short term 4hr chart, we can see a hidden bullish divergence on the RSI, which should at least lead us to the upper trendline of the triangle :)
BITTREX:XLMUSDLong
by bambule72