Bitcoin Cash divergences. Possibly long opportunity

Bitcoin Cash / U. S. DollarKraken

Description

⋅ Aug 26, 2017 3:57 PM

there are some divergences,
But DIVERGENCE IS NOT EVERYTHING.

It should break down trend line to open long position.

Once it breaks, we can expect 944 and even 1200 level

Comments

jgt2803

⋅ Aug 27, 2017 3:01 AM

Isnt that bearish divergence? Lower Highs and but oscillator reach same peak

JongchulYe

⋅ Aug 27, 2017 3:20 AM

@jgt2803, basically oscillator should show lower peak at that time.

which means

price was getting lower, but relative strength was same

that is bullish sign.

you can google "bullish divergence"

JongchulYe

⋅ Aug 27, 2017 3:34 AM

@jgt2803, sorry my fault
you were right.

rsi has bearish divergence
but momentum indicator has bullish one