cheynos
Long

Interesting Bullish Divergence on 4hr chart (BTC)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone
Just small idea today, let’s get straight in.
In august we saw a bullish divergence pattern. (for those who don’t know: bullish divergence is when the chart is making lower lows, and the RSI is making higher lows. This is a very bullish pattern .). The pattern which is getting created right now does have a lot of similarities. We’ve already created a bullish divergence but this is not the bottom if you ask me. I think that we will get closer to the 6K area in the upcoming days. The 6K area is a very strong support zone and a psychological important price level. If we could find a higher low in the RSI and a lower low in the price, then we would have an exact copy of the pattern back in august. Then we could see another small uprun again.

Love to hear your opinion on this!
DM's and comments are always welcome.
Leave a like if you appreciated it!
Really nice idea and comment, bro! I also really liked Dude's idea on Bitcoin today. You should check it out and see what you think!

+1 Reply
this is so obvious not become real.
Reply
cheynos mk_ayar
@mk_ayar, why should this not be possible?
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