PonziTrader
Long

BULL Divergence on Daily

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Closed over 21EMA, bull divergence on daily. Best play will be longiing here till 6900-7100 levels. Personally I will wait for a retrace to long.
If you compare these 2 bullish divs you highlihted, theres a slight difference. This time, rsi is showing a hidden bearish divergence, contrary to previous one. Hidden divergences are trend continuation patterns. Not to say price cant go up, but maybe theres a possible better long entry little lower.
+1 Reply
PonziTrader kryptoman6
@kryptoman6, Thanks for comment.
Yes, I did take that into account as I have mentioned that I will wait for a retrace to enter.
Cheers. Gl
+1 Reply
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