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tr3mblay
Jul 22, 2018 9:28 PM

BTC Bearish #BTC #BTCUSD #BITCOIN  Short

Bitcoin / DollarBitfinex

Description

Bearish RSI Divergence. Looks like we are about ready for a breakdown IMO if it breaks that channel of consolidation
Comments
Very-Important-Trader
yankecwby
Lol, was that a joke? Cuz it had already dropped and that wick shows it already correcting.
HenryMijares879cec8dd3bf4add
No Divergence wrong analisys
tr3mblay
@HenryMijares879cec8dd3bf4add, RSI is going down and price high is flat. divergence...
HenryMijares879cec8dd3bf4add
@tr3mblay, Wrong interpretation, false divergence ... At 8:30 China time you would come back and say "You were right"
HenryMijares879cec8dd3bf4add
@tr3mblay, I told you ;)
tr3mblay
@HenryMijares879cec8dd3bf4add, haha it's not done yet :)
tr3mblay
@HenryMijares879cec8dd3bf4add, but i appreciate your feedback. see how it plays out :)
HenryMijares879cec8dd3bf4add
@tr3mblay, Graphically it looked like a divergence but if you do the math it's a false signal. Much of my strategy is based on divergences so I have learned to check if the divergences shown in the graphs are mathematically correct and this one was not we can also say that its strength was so weakt that it could be considered as disposable ... Let's see how it ends ... I'm planing to jump in tomorrow at 8:30 China Time
tr3mblay
@HenryMijares879cec8dd3bf4add, Sounds like you have a good system for sure for verification of divergence. divergences isn't always 100% it's just one of many to rely on. With the previous resistance and the divergence i see it bouncing down soon but hey I could be wrong. Will be interesting to see what happens China Time
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