Hiddendivergence
Introduction to the BEST All-In-One Oscillators with divergencesHello traders,
A unique indicator displaying many oscillators with a multi-timeframes and regular/hidden divergences options for all oscillators below
1. MACD
2. MACD ZERO LAG
3. RSI
4. DMI/ADX
5. ATR
6. STOCHASTIC RSI
7. TRUE STRENGTH INDEX
8. CANDLE MOMENTUM OSCILLATOR
9. VORTEX INDICATOR
10. COMMODITY CHANNEL INDEX
11. RATE OF CHANGE
☔ Safe crossing mode for RSI/STOCH RSI/CMO: Choose to get alerted whenever the oscillator enters or exits the Overbought/Oversold zone.
Wishing you all the BEST for your trading using it.
Dave
Discussion on Regular & Hidden Bullish and Bearish DivergencesHi everyone. Just wanted to provide some more information and to offer some clarity on the type of divergence pattern that has formed and is potentially still forming.
There are actually 4 types of divergences and here is typically what we look out for:
Regular Divergences
1) Bullish Divergence - Lower Low in Price + Higher Low in RSI
- This usually occurs when the asset price movement has been on a downtrend and usually is a signal that the bears are exhausted and a potential bottoming and reversal is taking place. (This actually did happen when BTC price was at its bottom of 6400+ - check chart)
2) Bearish Divergence - Higher High in Price + Lower High in RSI
- This usually occurs when the asset price movement has been on an uptrend and usually is a signal that the bulls are exhausted and a potential top and reversal is taking place. (This actually did happen when BTC was at its 14K peak - on the way down to 6400+ this bearish divergence played out a few times). This is also what is happening in this chart and the bears are making a good case of it.
Hidden Divergences
3) Hidden Bullish Divergence - Higher Low in Price + Lower Low in RSI
This usually occurs during an uptrend price retracement or correction. It indicates that the bulls still have strength and the uptrend will continue. Best time to buy those dips! (This actally did happen when BTC was trending upwards and when the corrections were taking place along the way up to 14K from 3K+ (previous bottom). This is also what I see on this BTCUSD chart. BTCUSD bottomed at 6400+ and has been uptrending ever since with corrections. As a bull, I believe this is another minor retracement or correction after touching 9500+ and a possibly a good chance to buy the dips.
4) Hidden Bullish Divergence - Lower High in Price + Higher High in RSI
This usually occurs during a downtrend price retracement or correction. It indicates that the bears are not done yet and there is more downtrend continuation to occur and bears can probably load up or enter a short trades at possible resistance areas.
So in this case bears make their case that a bearish divergance has formed and a potential reversal is taking place and longer term downtrend is to follow. The bulls make a case that this is a correction or retracement from the uptrend from 6400+ and breakout of the downward channel from Jun 2019 that showed BTCUSD has indeed bottomed and a longer-term uptrend is taking place.
I am pretty new at this and just want to share this interesting position I found myself in. Refer to the chart below for the comments from the bears and their point of view.
Here is a website I found that explains this in more detail: www.altcointrading.net
Bitcoin Long Term TrendGood evening ladies and gents. I have spotted Weekly Hidden Bullish Divergence on the MacD as well as RSI Bullish Convergence. These are both starting to round out. I am aware that many people are looking for a measured move down to around the 6800-7400 area, but that may not happen. Still could of course, but looking at the larger time frames, it's looking less likely ;) . I'd also like to mention the alt coins and where they are at. A lot of these alt coins are at the bottom of their overall bull trend showing Hidden bullish divergence, regular Bullish Divergence and Bullish Convergence. Too many coincidences for this to be just another random idea. These are actual technicals that I am displaying. This chart is on the log scale by the way! We have been in a down sloping channel for the last few months now after a large rally from our 3k bottom. We have only retraced 38.2% of the way. We are in common retrace areas after an impulse. So Price reversal from where we are at is most certainly possible! This is the .382 on the log scale! On the Linear scale, you have retraced over 50% of the way and nearly hit the .618 which is at $7200. In my chart, I have depicted two measured moves. This is a potential bull pole, bull flag pattern. In that case, the measured move takes is perfectly on the Log Scale at the 1.414 Fib extension around $42k. That is right, I fucking said 42k. Just an idea for now of course. This isn't certainty. The Gaussian Channel Tool is also teal on the Weekly time frame. Currently testing the top of it ;)
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VIB/BTC - hidden bullish divergenceWe see in this chart that there is a hidden bullish divergence.
Also we see a nice uptrend on the RSI and it tries to break trough the ichimoku cloud.
When it will break the ichimoku cloud I think we will get to the resistance level (start ichimoku cloud) on the daily (245).
Nice place to take a position.
position at - 196
Stop loss - 185
profit take - 235 (20% profit target) - you can also take the ichimoku cloud on the daily 245 but don't miss the profit!
Bear Pennant, Hidden Bearish DivergenceI don't post often, only to point out stuff that sticks out as obvious to me. Red line indicates hidden bearish divergence with higher highs on MACD and lower highs on price. Chart pattern is currently forming a Bear pennant with a target of 148. I've sold and set my buys accordingly.
While there seems to be some drama regarding Parity, as far as I can tell, Ethereum is set for smooth sailing ahead with Phase 0. With that said, Ethereum could still be following Bitcoin's movement as per usual, or the greater economic uncertainty in general. While I'm short short-term, long-term I'm long and am building my stack. With that said, if I read this wrong, I'm still in the green and can look for the next setup.
As always, this is for educational purposes only. I may be awesome, but I'm not a professional and nor is this professional advice.