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JCKaltoft
Dec 20, 2017 11:59 AM

Bullish divergence in BTC on 4H Long

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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There is a bullish divergence in BTC on 4H - I think it's a good time to go long or add to your positions
Harmonic PatternsTrend Analysis
Comments
bbq1209
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This is not a bullish divergence
JCKaltoft
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@bbq1209, how is it not a bullish divergence?
It's a hidden bullish divergence.

babypips.com/learn/forex/divergence-cheat-sheet
bbq1209
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@JCKaltoft, just my two cents.... I personally don't agree using RSI to spot BTC divergence.
You spot the bearish divergence the wave before? it was wrong :(
JCKaltoft
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@bbq1209, It's not RSI, it's stochastics.

It's a bullish divergence, not a bearish divergence ;-)

I know there are many that does not understand hidden divergences, but they are pretty reliable.
JCKaltoft
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@bbq1209, please take a look at the link i provided

babypips.com/learn/forex/divergence-cheat-sheet
bbq1209
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@JCKaltoft, Crypto dun bother looking at stochastic, RSI, they work for fx.
Better focus more on price action and trendline, multiple time frames fibo for targeting pullback works well.

Just using the same figure you provided, do you spot the bearish regular divergence the wave before which did not happen?

Of course, just my opinion, wish you good luck bro anyway :)
JCKaltoft
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@bbq1209, I'm never looking at bearish signals in an uptrend.
In my experience divergences works well in all markets - but I agree that RSI and stochastics alone does not in crypto.

You'r first comment was that it wasn't a bullish divergence.
Angelpepo
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Good
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