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Hiddendivergence

Fearful Bitcoin-Bulls Retreat After Intense Fighting - Now What?Good Evening, my friends! :) D4rkEnergY is live from Seoul - 2 AM - with another Bitcoin update for you guys! I have been long the last 3 days, and Bitcoin has also gone up. I warned you about exactly 8,640 USD, which IMO was a really crucial hurdle to go through. We got rejected 2 times really hard at around 8,635 USD. The fearful bulls had to retreat after intense fighting with the big brown and greedy bears. First of all, let me stress, that I'm still super bullish on Bitcoin mid-term. When many people were calling 7,200 USD, I told you, that we probably would be surprised and get a reversal before. And I'm still convinced, that we very soon will go into a bull market. As it looks now we probably have to take detour though. Yesterday I mentioned a possible WXY-combination pattern if we got rejected at 8,640 USD - and it seems like we have to go lower now before we can try another attempt to go into a reversal. Please pay attention to the Hidden Bearish Divergence on both MACD and RSI, which is a continuation pattern, which predicts we will continue lower. Also a Bearish MACD-cross is on its way. It means that the bulls have lost their momentum. So as you can see we have 2 scenarios. A bullish 20 % scenario, which means that we have to sideways for a while, and with some kind of help from whales we might make some kind of spike - have seen something like that lately with similar patterns. I'm 80 % bearish at this moment, which means, that we will go through the dotted uptrend line eventually, and then down in the green box around 8,070- 7,560 USD- Most likely in the 7,750-7,650 USD area. Hereafter we can expect an uptrend again - I promise to keep you updated! D4 Loves You <3 As always: If you like what I'm doing please give a LIKE - It is much appreciated :)
BITFINEX:BTCUSD
by D4rkEnergY
98
Hidden Bullish Divergence spotted on Daily TFPOABTC completed its wave 1 at 0.000102 and set up 3 wave correction that ended up at 0.000060. We should expect a price reversal in the region of 0.000062-0.000058.Bullish hidden divergence indicates that bullish trend should continue and we should make a higher high in coming days In case of reversal immediate target will be 0.000073 region , however in case we break 0.0001, we should expect 0.00021 that will be + 300% price target. However don't forget the big picture: that BTC needs to break 8.8k region sooner than later. So far PA is constructive as BTC have managed to held itself pretty good.
PLong
by Magnus11
GBPAUD weekly outlook Technical and fundamental.If the price fails to break the current level at 1.7912, the price will break a descending triangle where the abcd pattern will be invalid, and a 5 wave sequence will be active, where 1.88300 will be the end of intermediate wave (5). if we look at the RSI, a bullish hidden divergence have occurred. ( keep in mind that the RSI leg can be extended, before a trend reversal) this could mean that the price have a short term bearish run. A short position can be taken if the descending triangle is broken, where a break of the triangle, will also be a break of a rising wedge, this will make a strong position, as there is two technical factors in play. the TP will be at 1.75950 where TP2 is at 1.73230 level. _________ Tuesday may 22: GBP: Public sector net borrowing is expected to rise from -0,3 B to 7,2 B. ( Which is bad for the currency ) The results from the last couple of years in May have been quite high, i therefore expect that the numbers this year also will end up high, around the consensus. At the same day we have inflation report hearing. CBI industrial order expectation are also expected to fall short, from 4 to 2. Wednesday May 23: AUD: Construction work done q/q is released where the result is expected to rise from -19,4% to 1,3% ( the release gives early insight into the GDP numbers that are released 1 week later ) the numbers from the last couple of years have been bad. GBP: CPI y/y are expected to hold a steady level at 2,5 % which is good, but taking in mind that from the beginning of 2018 the CPI data have been falling where the last two consensus have failed to meet expectations. PPI Input m/m are expected to rise from -0,1% to 1,1% which is greater than the last year's numbers at 0,1%. RPI y/y are also expected to increase from 3,3% to 3,4% where last years numbers where 3,5%. Core CPI y/y, PPI output m/m, is expected to increase 0,1%. Thursday May 24: GBP: BOE Gov Carney speaks, where Retail sales m/m is released the same day. the numbers are expected to rise from -1,2% to 0,8% where last years numbers where 2,3%. Friday May 25: GBP: Second estimate GDP is expected to hold a steady level at 0,1%. this is less than the last couple of years numbers with 0,2%, 0,4% and 0,3% in May 2015. Prelim business investments q/q is also expected to fall short from 0,3% to 0,2% which is less than last years 0,6% in may. this is still greater than last quarter 0,0% BOE gov carney speaks again the day. _____________ The price have had a uptrend the last couple of months, where a rising wedge formation have occured. the price have produced a abcd pattern, where a break up from the descending triangle could leed the price to a intermediate wave count, where the last leg up will end at the 1.88300. this is also supported by the hidden bullish divergence in RSI. ( the RSI downtrend could be extended) while a break down from the descending triangle will also mean a break of the rising wedge, this could get the price to go down to the 1.75950 level and a break of this could make the price go to 1.73230. I expect the prices to fall where the economic data the coming weeks will fail to meet the expectations. if the numbers turning out to be positive, and brexit talks is going further in Britains favor, the price could extend its wave count and continue with the 5 leg up.
Short
by Fx-AlphaStrats
ENGBTC hidden bullish divergence The price will follow the upped edge line of Ichimoku cloud till it reaches its top where should start consolidation. Indicators are very bullish almost all of them are in buy state, moreover there is hidden bullish divergence on the chart as the price follows «higher lows» pattern while PPO «lower lows». However it is incredibly important to choose entry point. It is a good tactics to buy in parts now or wait till the price hits trend line.
ELong
by Skyrexio
IOST Bullish Divergence on the Short-TermHere's a quick analysis on IOST for the short-term. Watching the 15m charts, a hidden bullish divergence is forming between the Price and RSI. This divergence, along with the support line in white and the .786 retracement level, should be enough to break IOST out of this descending channel. For price targets, I'll expect any of these retracement levels, but my sights are set on the .5 and the .382, seeing as how well IOST has respected Fib levels. Good luck!
ILong
by jakewiedower
NZDJPY Updated version, fundamental and technical.UPDATED VERSION OF THE CHART FROM APRIL 15. there have been a strong gain in the NZDJPY last couple of weeks and i therefor see that the trend have turned from a longterm bearish trend to a bullish trend. i am awaiting further confirmation before a long entry is placed. The confirmation levels will be 77.044. if the price breaks this level, we could see the price testing the last low at 75.625 While a break of 78.300 can support further upside to the 80.020 level and a break of this level will drive the price back to between 80.989 and 81.608 We also have a hidden bullish divergence (marked with yellow rings) in the RSI and the price chart. _______ Fundamental. From April 23 to April 30 Monday april 23: All industrial activity index for Japan (feb). which is expected to be 1,7% higher than previously and 1,4% higher than last years numbers for feb. (This could drive the price down to 77.044) Tuesday April 24: CPI (YOY) 1Q for australia which is expected to be 0.1% higher. where the (QoQ) CPI data is expected to be 0,1% les than last years quarter. while the Trimmed mean CPI is expected to be 0,1% higher than last year quarter. Keep in notice that this is high volatile numbers and good numbers can drive the price up, and therefore break the 78.304 level Thursday April 26: import and export price index is given for Australia. the numbers are expected to be much lower than last months data. Where the export price index was previously 2.8% is expected to be -6,5% Friday April 27: We have Imports and exports (Marts) for New-Zealand. Tokyo CPI ex fresh foods (YoY) (April) is expected to hold the level from last, at 0,8% Where last years numbers was -0,3% and -0,4% Tokyo CPI is expected to be 0,2% higher than last numbers. We will also be given the numbers for Unemployment rate and job/applicant rate for Japan which is also expected to hold a steady level from last at 2.5%. while last years Marts numbers was 3% and 2.8%. Large retailers sales for japan is also released and is expected to be -0,9% lower than previously at 0,6% Friday April 27 we also have Interest rate decision which is expected to hold its levels at -0,1% BOJ outlook report (Q1) is also released following a Policy statement. _____ We have for a long trade: 1. hidden bullish divergence. 2. Correctional minute waves 3. broadening ascending wedge. 4. Higher high, higher low. 5. Resistance at 77.044 with fibonacci levels. 6. High volatile data from japan, that can drive the prices up where interest rate decision is closely watched. ______ Short trade. 1. if Break of the 77.044 level 2. Bad numbers from New-Zealand and australia, also trade war tensions between China and US.
Long
by Fx-AlphaStrats
Hidden bearish divergenceI posted this idea as a comment on my bullish Adam and Eve possibility, but I think this is deserving of its own idea. If Bitcoin cannot break $8,400 here we could see a breakdown to the 5K-6K levels soon on the daily chart. Short entries should only be considered if we begin to head back towards $7,800. We will likely not survive a second retest of this level. Support levels to watch will be the $7,500-7,600 area. A hold here could signal a sideways consolidation market and a longer-term trend reversal. These will be the important levels to watch for, as a result. Conservative traders should only consider entering short on a break of these support levels instead of the $7,8 levels. As always, trade responsibly!
by calcie