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Mfi_divergence

Total index analysis Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of getting back to the uptrend or that is just a technical pull back and we have to get ready for a massive dump and a long bear market for crypto market . im bearish until i see areal good sign here. the first target for the market total is retesting 2017 high. comment your opinions down below:)
CRYPTOCAP:TOTAL
by sobhanjtn
Can Chainlink (LINK) Achieve a New Annual Peak?Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high. Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI. How Far Can Chainlink's Uptrend Continue? Looking at the weekly technical analysis, LINK's price has been on the rise since June, recovering from a low of $4.75. This ascent resulted in the reclamation of the $5.80 horizontal support zone, which has been held since April 2022. Moreover, this upward trajectory was accompanied by a bullish divergence in the MFI. The Money Flow Index (MFI) is a momentum indicator for traders to gauge market conditions, identify overbought or oversold levels, and inform buy or sell decisions. Readings above 50 coupled with an upward trend indicate a bullish trend, while readings below 50 suggest the opposite. A bullish divergence arises when the MFI shows a lower value while the price is higher. The daily timeframe paints a bullish picture. Additionally, the MFI is holding strongly above 50. If the uptrend continues, LINK may reach the yearly high of around $8.80, which is 20% higher than the current price. However, given that the overall market is not bullish whatsoever, at this moment it is unlikely to make any significant breakthrough. Looking Ahead: Despite the current trend LINK is unlikely to rise significantly over the yearly high at $8.80. On the other side, if the price starts descending, the $5.80 support level will be the next target to the downside.
by cryptohopper
Where the Bullish Divergence For Bitcoin?This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?" The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low with weeks later putting in a lower low in price and a higher low on MFI. We have yet to see this play out in the charts. Does it need to happen? no. However, we have yet to see it yet(on weekly) and a case for the bears would lead to a probability cause for a most likely scenario to validate an actual bottom is being put in. You can see my bottoming chart for the next leg down in the linked ideas.
BITSTAMP:BTCUSD
by LiquidMafia
C3.AI: AI = SHORT - wyckoff distribution & bearish divergence1st - Bearish Divergence: RSI & MFI on 1D & 1W chart 2nd - Wyckoff Method: Distribution TR phase C (UTAD TEST) more pronounced in the 4&1H charts. Analysis: There seems to be weakness in the stock, and despite the recent highs and uptick in volume the exhaustion can be seen per the TA presented. BUT REMEMBER, the AI craze is still on going and this could be invalidated in minutes if the whales choose to push the price higher. Targets if you trust the analysis: Its pretty simple, I use fib retracement levels 21% and 38.2% as targets. remember to use risk management and positioning! *THIS IS NOT AN INVESTMENT ADVICE, JUST SHARING MY ANALYSIS AND INTERNAL THOUGHTS TO MYSELF*
NYSE:AIShort
by Isranuell
3
The Bullish Month of April [ ETH ]Crypto Traders, Appreciate you taking the time to view my TA, which hopefully provides an alternative perspective. Please be sure to “LIKE” if you indeed find my analysis useful and/or want to share your opinion. Analysis: @ $3044 to $3000 Need support validation, which we have multi bullish confluence if support holds w/in region. If support is validated, would need to see closure above $3360, in which TP would be around $3940. If the opposite holds true and support is not conf. , next support level that would need to be validated would be around $2875 to $2780 Entering bearish control on Money Flow Index, in conjunction w/ TSI crossover to the downside due to over-hanging resistance. Also, TSI is falling below 25, which can be seen as a sell signal. Cheers & Happy Trading!
by AB_Trading-Intelligence
IP | Falling Wedge Reversal| MFI Divergence | Elliott 4th Wave?IP | Thailand SET Market | Price Action Trading | Elliott Wave Tracing Chart Pattern: entering Falling Wedge Reversal Pattern Price Action: Downtrend area of consolidation Entry Position: Buy on BREAKOUT of FALLING WEDGE Indicator: > MFI - Money Flow Divergence - Banker accumulation phase > RSI - Sideway up below 50 > MACD - Golden cross below baseline 0 Trust SYSTEM & INDICATOR | Never panic trade Trade affordable RISK | Ratio 3:1 Always respect STOP-LOSS Good Luck
SET:IPLong
by dukeposh
EURUSD Aug 25th Swing AnalysisWeekly MFI is oversold indicating possible bottom out and major trend continuation to upside. 4H bullish divergence. 4H engulfing candle crossing ichimoku cloud. If price breaks channel looking for swing to resistance levels and final swing price goal of around 1.23000. In the past when price moved from this area it took a month give or take to move 500-600 pips when it was ready. Since August is almost over. If price breaks channel expecting September and October to be bullish and get to final price 1.23000.
Long
by JasonFosterII
GDX needs to pullback and resetGDX has been on a good run and is showing signs of topping out. Specifically bearish divergence is clear on MFI (money flow index and we see a clear 5 wave pattern in the context of Elliot Wave analysis with wave 5 almost exactly equal to wave 1 which is a component of wave analysis. For those who want to short you must establish your own stop loss and a reasonable first target is the low 38 regions based on a .618 retracement of the 5th wave and this also correlates to where the volume weighted moving average is. I would also not be surprised to see a corrective ABC pattern play out.
AMEX:GDXShort
by TNasr
7
XRP - Monthly Chart - Bullish Divergence - Plus Token Ponzi - I know it has been really rough holding XRP in 2019 while watching other coins go up. Honestly, most of the charts look horrible for XRP and what I found here is the only hopium I can find for now. Also, I will discuss why the Plus Token ponzi scheme is relevant to XRP as well, which is very important as most people are unaware. MUST KNOW - PLUS TOKEN PUMP: - For those that don't know, there was a ponzi scheme called Plus Token that bought over 3 billion dollars worth of BTC, ETH and EOS back in the spring of 2019. This most likely caused the run-up to $14k for the BTC price and the highs in 2019 of ETH & EOS at the time. The ponzi collapsed on the day BTC reached it's 14k ish high. Most people don't know this and it is extremely important to know that the bear market is still very much here. It is also important to know that this reason is why consumer FOMO was created on those said coins while XRP continued its bear market. MFI TECHNICAL ANALYSIS: 1) Yellow circles, I drew these on the MFI to signify its double bottom, which can be bullish in the long run. As you can see we bounced off this point for now. 2) There is a massive bullish divergence when comparing the MFI and price action on the XRP chart. Bullish divergences play out all the time in long-time crypto charts, so who knows what will happen next. I drew the lines on the MFI and price action to indicate this.
POLONIEX:XRPUSD
by CaptainCanuck
3
Crypto weather 2019: Brief respite before the torrential pain!Good day Traders, Bitcoin has a number of bullish signals for the short term, however, we are probably still printing a large bear flag, consolidating before 1 last bounce and then we resume the downtrend. Within the flag, we have a diamond bottom pattern playing out, with added resistance coming from our daily SMA50, and added support coming from the weekly SMA200, as well as the flag (uptrend support from our 2018). A diamond can break in both directions, however for the short term, the weekly SMA200 will be much stronger support than the daily SMA50 acting as resistance. The price should be squeezed between daily SMA50 and flag/diamond support, before we break to the upside from the diamond apex above the daily SMA50, before we go on to test our daily SMA100. We also have regular bullish divergence on the daily MFI after that large drop to our flag support yesterday and the $3400 support has been holding strong, with a lot of buying pressure beneath $3400. We could potentially have a flash crash to our $3300-$3330 support, but I doubt that we will drop below our weekly SMA200. If we do drop below $3370, this would revise our flag support to a more gradual angle and our flag resistance would probably be limited to around $4200. We have also now had a 78.6 fib retracement after the bounce from our 2018 low to our recent high of $4236, which tells me that the downtrend is still strong, so when we do bounce from these levels as we break out from the diamond apex, I believe our upside will be limited to a 127.2 - 138.2 fib extension target of between $4540 - $4690. On log scale, this $4540 - $4690 area of resistance is also where we will find major downtrend resistance from our ATH. Although it doesn't seem to matter if you use log or linear because no matter how you look at it, log or linear, we have trend line resistance. On log, this is from our ATH, and with linear, this is from our 24 July swing high. This is also where we will be retesting our daily SMA100 so expecting strong resistance. This is where I believe we will drop back to flag support and break to the downside with a large downside target based on the height of the flag pole. When we had our drop from $5658 to our flag support and 2018 low, we then only had a 38.2 fib retracement on the bounce, which tells me that the trend is still very much to the downside, considering that we had no expected v-shaped bounce, i.e none of the expected buying pressure, no capitulation candle on the drop, and volume has been dropping gradually ever since, setting up for the next major drop. We also had a downward cross on the weekly stochrsi. I'm expecting a 1.382-1.414 fib extension target for the drop from $5658, to somewhere between $2150 - $2070, which lines up nicely with the target of the larger bear flag when it breaks down (pole height from $6544 to our 2018 low). Looking at the fib extension target for the flag pole, once we reach our flag resistance between $4540 - $4690, that will be a 38.2 fib retracement after our main drop from $6544. When we drop from there, we will be resuming the general downtrend and I have a final 161.8 fib extension target of $1007. This means that when we reach the lower $2ks, I suspect that we will have a strong bounce to potentially retest the flag as resistance, as the herd starts to fomo when they begin calling the bottom, however this will be a bull trap, and we will head back to retest our lower $2k support, dropping to the 138.2 fib extension support of the larger move, around $1800. This part of the drop is significant, because this will be a break of market structure, as we break major uptrend support, starting from our 2013 swing low. This will induce panic when we can't get back above this support, and this is where I believe that our true capitulation event will take place, as we crash below $1k, and the initial uptrend support from the start of our bull cycle in 2015, to major horizontal support close to $800. This will be considered the "despair" phase of the market bubble and will be the final drop before the bears eventually throw in the towel and we bounce back above that initial uptrend as the price finally reverts back to the mean, before consolidating and beginning a new market cycle. $1007 is the 161.8 fib extension target of the larger move and fits in with Tyler Jenk's Hyperwave theory quite well. Good luck and happy trading! Diamond Bottom / Flag: Previous post:
BITSTAMP:BTCUSD
by Corn_Reaper
1
Bitcoin to $3600,1D SMA50 or channel resistance before bearishGood day Traders Our $3470/$3500 support has been holding strong. Although we keep getting rejected by the $3550/$3600 resistance, we now have bullish divergence on the 2H MFI so still expecting a move to the upside. Our 1D SMA50 is going to be strong resistance yet again, this time around $3670 but we first need to get above $3600. The way I see, we have 4 scenarios playing out with regards to this retracement after our drop from $4100. 4 Scenarios: 1) Unable to close above $3660/$3720 If we are unable to break through the $3660/$3720 resistance with higher than a 38.2 fib retracement of the larger move from $4100, then I suspect we'll be retesting our $3470/$3500 support yet again, as well as our weekly SMA200 support, which would then confirm support of the large blue channel if we do then find support above our weekly SMA200. This would also be a 61.8 fib retracement of the smaller drop from $3776 (1D SMA50) with a 161.8 fib extension target of $3280 which also coincides with our weekly SMA200 support. 2) Unable to close above $3600 If we reach $3587 but can't even get above our $3600 resistance, this would be a 38.2 fib retracement of our recent smaller drop from $3776 and would give me a 138.2 fib extension target of $3552. Both targets are in line with our blue channel support. 3) Unable to close above $3860/$3930 If we break through our 1D SMA50 resistance, this would be in line with the ascending right-angled broadening wedge from my previous post. I think the upside will be capped at our $3860/$3930 channel resistance, unless we have enough buying volume to break the downtrend and start forming higher highs (unlikely imo). A move to channel resistance would also be a 61.8 fib retracement of the move from $4100 so could potentially carry enough downside momentum to break channel and weekly SMA200 support for a 161.8 fib extension to our $3k support and that will be a crucial pivot point ito market sentiment. A move below our current ascending channel support as well as our $3470/$3500 horizontal support is bearish but the bears will officially take the reigns once we have broken through the channel support, the weekly SMA200 support and $3k. Until then we could remain range bound between $3k and $4200 so better to remain even keel until we have a break of either. 4) Close above $4200/$4240 In the unlikely scenario where we have already bottomed and we just don't know it yet, we need to keep an eye on the channel resistance and then $4200/$4240 to potentially form a higher high. Good luck and happy trading! Previous post: Larger H&S potentially in play:
BITSTAMP:BTCUSD
by Corn_Reaper
2
The bullish scenario if this is actually an ascending triangle.Good day Traders The way i see it, Bitcoin is either in an ascending triangle or it has broken out of that bearish pennant which could take us down further to retest our lows, however, I don't think we should be one dimensional with these chart patterns and more often than not, an open mind is required (and proper risk management) if you don't want to consistently be caught holding bags in this market. Although I still have a bearish mid term target, a few bullish signals have emerged which can not be ignored. It is very possible that this is actually an ascending triangle and that our trend line support is actually connecting the 7 December low to the 27 December low which means that we might have potentially just found the triangle support, and besides a few outlying candles, the supporting trend line still fits the general structure of an ascending triangle. Our daily MA50 is also now holding as support for now although its worth keeping an eye on in case we drop below it on the daily close. On the other hand, as per my previous post, this might actually be a breakdown from a bearish pennant and the new lows are set to be tested sooner rather than later. In this instance, it's best to use a stop loss above our $4230 recent high if you're short and below our previous $3630 low on 1 Jan if you're long. I don't believe we have found the bottom yet and there will be more pain to come in the coming weeks, however, there's a chance that we have a short-lived upwards correction towards $5k and our daily SMA100 for another flush of weak hands before we do find those lows and possible capitulation. We also found major trendline resistance from our ATH $19666 (forgot to add to chart) which is exactly where we dropped from this morning so if we have a bullish breakout from the triangle, we also break above significant trend line resistance. My bullish target is $4925 which is a 161.8 fibonacci extension from our wave up between our $3122 low for 2018 and our recent high of $4236 on 24 December after (close to) a 61.8 fib retracement on the next wave down, however, we will have strong resistance from $4700 (141.2 fib ext). Our wave up from our recent 27 December low ($3566) to our recent high of $4112 resulted in a 61.8 fib retracement with the drop this morning so if this ascending triangle breaks to the upside, we should reach our first target at $4450 (161.8 fib extension) before retracing back to the triangle to retest as support at around $4100. We should then have our break towards the final target from there. Looking at the 4H Money Flow Index, we have regular bullish divergence (see arrows) and we still haven't broken our uptrend support with this drop, in fact MFI never dropped much at all with this flash crash, definitely notable divergence there. RSI is also oversold on the lower time frames which gives credence to a potential move back inside the triangle. Best advice is not to day trade right now, prepare and wait for the big move instead. Target 1: $4450 Target 2: $4925 Stop (Bears): $4240 Stop (Bulls): $3620 Good luck and happy trading! Previous post: The bearish scenario:
BITSTAMP:BTCUSDLong
by Corn_Reaper
Down to $2800 then wedge breakout!Falling wedge resistance is holding with bearish divergence on 1H MFI. We had a 61.8 fib retracement back to our 9 December swing high and should have a drop to our 161.8 fib extension coinciding with wedge support at around $2800 before we have a strong wedge breakout to the upside. Target set at $3950 using the wedge height, our 1D SMA30, strong horizontal resistance and a 38.2 fib retracement back to our 18 Nov swing high. The wedge height works out to a 40.94% upside target at around $3950. Once we reach this resistance, we should drop with a 138.2 fib extension to around $1700. Hopefully the drop to $1700 will be our capitulation but we need to keep an eye on volume at that stage to be certain. We need a stronger red volume candle than we have had all year. We still have bullish divergence on the daily and weekly charts so this bounce is imminent, I just think we have one more wave down to wedge support before we break out towards $4k. Good luck and happy trading!
BITSTAMP:BTCUSD
by Corn_Reaper
2
Change of plans: SMA200 weekly holding with bullish divergence!Bitcoin dropped from that triangle, however, we found support on the weekly SMA200 and I don't believe we're ready for that drop below $2900 just yet. If we do drop lower, we should find major horizontal support at around $2960. Selling volume is slowly drying up and I have to admit, it seems we actually have regular bullish divergence on the weekly MFI and not hidden bearish divergence (apologies for the error, I picked it up while checking everything this morning). We now have bullish divergence on the weekly, daily and 3H MFI so I think we could potentially rebound from here with a 38.2 fib retracement to the 18 Nov swing high. This would coincide with horizontal resistance, as well as quite a significant trendline which has acted as strong support and resistance since August 2016, most recently holding as resistance at the start of December when we crashed from the $4115 high. A drop from our 38.2 fib retracement should then take us below our weekly SMA200 to our 138.2 fib extension at around $2210. If we do manage to reach our $4700 resistance, then we can potentially reach the 161.8 fib extension at around $1637 after the move up, however I think this would be the less likely scenario unless we break through that $4100 resistance with volume when we have the prior move up before reaching those lower levels. Good luck and happy trading! Previous chart:
BITSTAMP:BTCUSDLong
by Corn_Reaper
Down to retest $3kBitcoin currently forming a rising wedge and showing strong hidden bearish divergence on the 4H MFI. If the larger formation is a broadening wedge, then we have already touched resistance twice and should be making a move towards our most recent trend line support which has been holding since 1 December. This is also a 20.75% drop from the 4 December high and coincides with a 138.2 - 161.8 fib extension which gives a target of $3000 and a buy zone between $2880 - $3080. StochRSI is also oversold and a drop below the wedge support is also a drop below our median bollinger band on the 4H. We're not ready for a sustained move to the upside just yet since there is still no volume and we'll probably only find it once we have tested the lower $3k area. Good luck and happy trading! Previous chart:
BITFINEX:BTCUSDShort
by Corn_Reaper
1