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Bearishdivergence

Bitcoin's Double Top Causes a BreakdownIt is looking likely that the price has completed a double top, which is considered a bearish pattern. In addition, the pattern is combined with bearish divergence, which makes a breakdown more likely. The price is following an ascending support line, which is currently at $6200. A breakdown from the support line would most likely take the price to the next support area, which is found at $5750. If the price travels the entire height of the double top pattern, it could reach the next support area at $4550, which marked the daily close during the bottom of March 13 and the subsequent bottom of March 18. please leave a LIKE & COMMENT if you enjoyed the analysis.
Short
by BitcoinMaximus1
6
Nasdaq Weekly Profit-Taking Zones The bull run on Nasdaq continues to break records. Many don't recognize that runs that move parabolic like this are more likely to continue than reverse....but they do eventually reverse. And when that occurs, it's rarely gentle. Taking profits in a market like this is difficult. These are the zones I'm watching to act as inflection points, just in case this monster trend does reverse: Orange (8138.5-8175.5) : This zone is the most recent and likely support at the current date. If Nasdaq stays above ~8140, the potential for a parabolic break to the upside (similar to June 2019) remains the expectation. Buy-the-Dip for short-term gains is the plan as long as we stay within orange. Break below the orange zone (a 2.4% loss from Tuesday's all-time high), and this wave higher is done. Expect at least a few weeks of rest with price going sideways, but more likely a more severe pullback period. Breaking down below the orange zone without breaking above it first will trigger exiting most long-sided trades, including the majority of longer-term bullish positions. I plan to hold only defensives, metals, maybe a few growth names with a trailing stop. Pink (7863.5-7974.5) : This zone represents a 5%-6% drop from the all-time high. Falling into this zone on a single day that opened in the orange zone is reason for significant medium-term concern. Closing a week within the pink zone would lead me to exit any remaining long-term longs on the next sign of strength, such as a 50% retracement. I'd also be looking to open short-sided trades at that point. If the pink zone is tested from above, holds, and produces a weekly close above it, I'll scale out of bearish trades and be on the lookout for short-term, oversold, high reward:risk ratio long opportunities, anticipating at least some attempted bounce. Red (7511-7697) : This zone is 8%-10% below the current ATH and represents the final support point before the very bottom of the long-term bullish trend (established back in 2009 and most recently tested in December, 2018). Short-term bearish trades opened in the pink zone will have 1st targets in the red zone. Close below it, and we are in for wild volatility with wide daily trading ranges. I'd not want to be watching charts if I was a long-term investor and not a trader, but it should be a fun day to day trade if given the opportunity. Main support (7270) likely holds at least once, but we're talking a 12% drop from all-time highs there. Establishing support in or below the red zone should be enough to stabilize a move back to the top of the rising wedge, but if it tries and doesn't make it back above pink, it's time to get VERY short (head and shoulders pattern). Note the bearish divergence on the indicators (along with short-term trend change confluence on the RSI and TMF similar to January 2018). We likely test the mid-point on these indicators, then make another higher high similar to March, 2018. IF both indicators fall below the midline (like October, 2018), sell or shorting on a lower high.
OANDA:NAS100USDShort
by Red_Ben
Dax ForecastW1 - Bearish divergence, uptrend line breakout. D1 - Bearish convergence, uptrend line breakout, In addition to this, based on the Heikin Ashi candles we can see that currently we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment. H4 - On the H4 chart too based on the Heikin Ashi candles we can see that currently we have strong bearish bodies in downward moving market conditions so it basically reflects a bearish environment here as well. We also have two sell zones that has formed and the price has currently reached the first sell zone. Until these two sell zones hold my view remains bearish here.
DShort
by VladimirRibakov
Litecoin Short Term ForecastD1 - Price reached a very strong resistance zone formed by the 100% fibonacci expansion level of the first wave we have and an important resistance level. Bearish divergence. H4 - Price is moving inside a bearish channel, The top of this channel coincides with the daily resistance zone and also we have the 80 psychological area around the same zone. Price has bounced from this important resistance zone and is moving lower. H1 - Double wave up, the 100% fibonacci expansion of the first wave we have coincides with the important resistance zone. We had a bearish divergence and an uptrend line breakout. Until this resistance zone holds my short term view remains bearish here.
COINBASE:LTCUSDShort
by VladimirRibakov
One DAY one BURST : Good bye Vuitton.Hello guys, as you can see since Yesterday CaC 40 is my new victim. What is MC ? MC/LVMH : is a French multinational luxury goods conglomerate headquartered in Paris. The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer. LVMH has take the lead of the luxury market and is showing huge returns. My view : Much actions on the CaC 40 and more generally in Global Stock market are showing signs of parabolic growth. Everyday i select an action where i see sign of weakness in the parabolic structure. This type of trade is highly speculative but offers huge returns. Technicals : The 5rd wave is extended to 4.618 of the 1, that's show over price territory. RSI and MFI are both overbought and divergent. In Hyperwave theory the parabolic structure looks complete. Type of Market : Irrational (Bubble). Type of trade : Reversal. Stop loss : 416. I hope you are enjoying this post, please like, share and comment to show me your support. Let me know in the comment section which chart (Stock/Forex/Crypto) you would see me to analyse. DISCLAIMER : I'm not a financial advisor. You trade at your own risk. I can't be responsible for your losses.
EURONEXT:MCShort
by KassandrA_dotcom
4
Gold needs to dip and resetCongrats to anyone who has been long gold and if you have now is the time to take profit. Overall I am bullish on the metal but its plain to see it needs to dip a bit and reset a base from which to continue up further. Three arrows on this chart point to a pair of highs and a low in b/w them that combined we can project Fibonacci timing points from that have served relatively well thus far as far as trend reversals are concerned and we can see that we are upon a 2.382 extension that will probably mark a dip that is already potentially happening. I would like to see pullback hold the upper 140s from which we can go long again.
AMEX:GLDShort
by TNasr
10
Is Ethereum trading in a Ascending Triangle?Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. The RSI is showing either a descending triangle or a bull flag, it could be a divergence & play out bearishly, only time will tell. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again.
KRAKEN:ETHUSDLong
by ScotianBot
1