iguana10

Trendsetter

Long
iguana10 Updated   
BITFINEX:BTCUSD   Bitcoin
I've never followed a fashion. Can somebody show me how to go opposite to this?
Comment:
Is momentum going to be enough to push through the 9k resistance?
Or will a dump force price to fall below the uptrend line, bounce between that line as resistance and the short term uptrend line as support, then fall out of the ascending triangle back to the 6.4k area?
Comment:
Is a "Rising wedge pattern" , not an ascending triangle.
Comment:

Is this bearish hidden divergence on the MACD for the last 17hrs? Is that valid and does it always play out? At what point does it get disregarded?
The RSI momentum appears to be rising and the red doji candle shows byer strength, yes? Price appears to be rising to test the 9050 resistance line.
Comment:

What's the minimum duration that would be considered when looking for RSI divergence from price?
Comment:
I just hit the play button and was pleasantly surprised!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.