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Alteroc
Jul 1, 2018 5:34 PM

BTC 1D hidden bear divergence 

Bitcoin / DollarBitfinex

Description

Hi all,

BTC made it's usual pump. Now almost touching the downtrend resistance line. But still in descending channel...

On top, hidden bear divergence on the daily so I keep looking at the $6,160/ $5,850 levels with attention before going thinking going long

This is the perfect moment to be extra cautious, why?
- It' s dangerous to open short close to "the crowd's bottom"
- It's dangerous to open long in downtrend to "catch a falling knife"


All the Best from the Crypto Space
Alteroc

Trade active

One might add the nicely respected descending channel to far:
Comments
popeji
What you pointed out is bullish divergence, lower lows on price, higher highs on RSI.
Alteroc
@jorna31286, For me the Bullish divergence might have played out. the Bearish divergences are checked with tops.
forexstrategieswork.com/wp-content/uploads/2016/03/Hidden-Divergence.png
popeji
@Alteroc, my mistake didn't see you were talking about HIDDEN bearish divergence.
Alteroc
@jorna31286, No worries mate ;)
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