RSI made a low below 25 so this not a DIV, really. Besides its on the mid zone which doesnt make it strong either. You should consider the RSI resistance around 66 though.
samiswilf
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Nice post!
mycotoxin
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Thats a bullish divergence - the graph a the top says its going down as it slants downwards , but the RSI at the bottom slants upwards , letting us know BTC is really going up.
@aspinwall, great - i do see your point , its also an Adam and Eve confirmed with a minimum move to 8300
thepatternsite.com/aedb.html and it yes it can dip slightly as it rounds back upwards top complete the EVE move to 8300
aspinwall
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@mycotoxin, I don't see the Adam & Eve bottom. Could you be so kind as to point it out in a chart? It would be great to see what you're noticing and add it to my analysis. Thanks!
mycotoxin
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@aspinwall These are variations of the regular double bottom pattern. The EVE-EVE is made from the ' W' bottom pattern between the Blue channel.
EVE-EVE is confirmed when BTC passes point A o r (7115). The distance moved up is then twice the channel width. Same as in a regular double bottom.
Adam is the 'V ' pattern in the black channel .Adam and EVE is confirmed when BTC passes 7450. The distance moved is twice the channel distance which should be around 8450.
Note these only show the upward targets and dont include any drops which can occur .