white_raven

BTCUSD uptrend vs reversal signal

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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2
Ichimoku shows an uptrend. BUT, the stoch shows a bearish divergence.

However, on higher timeframe(4 hours), ichimoku almost shows an uptrend and the stoch shows a hidden bullish divergence .

The bad thing is, the resistance line.

I make note here just to see what happens next.
Comment: reversal right on the fractals.
Note: Divergence is a good confirming indicator before you get into trade. bearish divergence + fractal, that's a -2.

Comments

4-hour ichimoku shows "bear-twist" though.
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white_raven W3rN0tAl0n3
@W3rN0tAl0n3, yes.
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white_raven W3rN0tAl0n3
@W3rN0tAl0n3, Thank you btw, I missed that one. :D
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