Bitcoin Forum
September 24, 2018, 10:44:21 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bearish Divergence  (Read 1855 times)
acamus
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
May 27, 2011, 07:36:42 PM
 #1

Anyone else notice the bearish divergence in the price of bitcoins? It's probably because the 26 day ema includes many 3 dollar type prices but the 10 day chart looks like it's going bear pretty bad soon.

http://bitcoincharts.com/charts/chart.png?width=753&m=mtgoxUSD&k=&r=10&i=&c=0&s=&e=&Prev=&Next=&v=1&cv=0&ps=0&l=0&p=0&t=S&b=B&a1=&m1=10&a2=&m2=25&x=1&i1=MACD&i2=&i3=&i4=&SubmitButton=Draw&
1537829061
Hero Member
*
Offline Offline

Posts: 1537829061

View Profile Personal Message (Offline)

Ignore
1537829061
Reply with quote  #2

1537829061
Report to moderator
1537829061
Hero Member
*
Offline Offline

Posts: 1537829061

View Profile Personal Message (Offline)

Ignore
1537829061
Reply with quote  #2

1537829061
Report to moderator
Einax Airdrops and Bounties made easy! List your ERC-20 token
FREE
ETH markets launching soon!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537829061
Hero Member
*
Offline Offline

Posts: 1537829061

View Profile Personal Message (Offline)

Ignore
1537829061
Reply with quote  #2

1537829061
Report to moderator
1537829061
Hero Member
*
Offline Offline

Posts: 1537829061

View Profile Personal Message (Offline)

Ignore
1537829061
Reply with quote  #2

1537829061
Report to moderator
1537829061
Hero Member
*
Offline Offline

Posts: 1537829061

View Profile Personal Message (Offline)

Ignore
1537829061
Reply with quote  #2

1537829061
Report to moderator
matsh
Member
**
Offline Offline

Activity: 93
Merit: 11


View Profile
May 27, 2011, 07:41:58 PM
 #2

Voicing predictions like this is just silly! If you are confident the BTC/USD rate is going down, why not just sell your BTC, sit tight and buy again when it has gone down?
zef
Member
**
Offline Offline

Activity: 90
Merit: 10


View Profile
May 27, 2011, 08:46:12 PM
 #3

can you explain the chart please?
acamus
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
May 27, 2011, 09:17:49 PM
 #4

i would say just google MACD. I didn't sell, but I'm waiting to buy again for now. Of course i'm looking on a shorter trading scale. Over a 2 month chart the MACD looks very different.
Alex Thornton
Newbie
*
Offline Offline

Activity: 47
Merit: 0


View Profile
May 29, 2011, 07:15:30 AM
 #5

can you explain the chart please?

The price in the top chart is declining during the period from the middle of the 27th to today the 29th. Meanwhile, in the bottom graph, the Moving Average Convergence/Divergence (MACD) is rising (the green bars are going from negative to positive over the same time period).

Normally price and the MACD move together. When they diverge and move in different directions, this indicates a reversal is imminent on whatever time period you are looking at.

The divergence is suggesting that the price of a BitCoin will fall over the next few days. (Note that if the divergences were switched, the price would be expected to rise.)

Also note that this is only one indicator and is not 100% accurate. It is just one of the tools technical analysts use.
torbank
Full Member
***
Offline Offline

Activity: 217
Merit: 100


View Profile
May 29, 2011, 07:32:18 AM
 #6

Thanks for the heads up
stic.man
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
May 30, 2011, 01:03:52 AM
 #7

today has been pretty stable as far as spread, but yeah volume is at a minimum, probably hasn't been this low in at least a month
S3052
Legendary
*
Offline Offline

Activity: 2100
Merit: 1000


View Profile
May 30, 2011, 01:11:07 AM
 #8

There are also some other bearish divergences on multiple time scales that I willcover in one of the next technical analyses

acamus
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
May 31, 2011, 04:05:03 AM
 #9

really nice work over here: http://blog.bitcoinwatch.com/2011/05/bitcoin-market-analysis-may-30th-2011-by-s3052/

 Thanks!
S3052
Legendary
*
Offline Offline

Activity: 2100
Merit: 1000


View Profile
May 31, 2011, 04:16:19 AM
 #10

thanks for the flowers!

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!