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scaramucci
Jan 6, 2019 10:13 PM

Bullish divergence on weekly chart going back to Sept. 2015 Long

Bitcoin / DollarBitfinex

Description

Title says it all. For a long-term investment, I'd say this seems to be a pretty good time to get in. My humble opinion, not financial advice.

Comment

I stand by this analysis
Comments
wargolynch
It's not a divergence for 2 reasons :
You should consider the last RSI bottom
It's too much spaced
scaramucci
@Maped, If you say so...
wargolynch
@scaramucci, still not a divergence even if you were right
look at my analysis, I was right too ougaougaouga gneugneu
scaramucci
@Maped, These are fractals, all the way up, all the way down. There's no such thing as "last RSA bottom" because it will depend on the time frame and scale you look at. This divergence is a divergence because it's uninterrupted... There's no bottom lower or touching the line on the RSI or the MACD, and no peak going above the line, for the entire timeframe selected. That's all that matters, the rest is arbitrary. It can be three hours or thirty years, if there's a consistent uninterrupted divergence, you have a valid signal.
wargolynch
@scaramucci, Just saying your divergence is wrong, that's all
Well plaid otherwise
-VMV-
I do appreciate the analysis, but your trend line doesn't seem to include the upward movements of the previous years which is giving you a false idea of a divergence from all the way back in 2015. From that time period, we have two separate trends that took place, one of the two we are still currently playing out.
scaramucci
@-VMV-, So, you were saying? :)
-VMV-
Exactly what was stated prior, I appreciate the analysis but don't agree with your idea on the divergence? Thought it was pretty clear =P
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