TradingView
FxWirePro
Jan 16, 2018 10:02 AM

BTCUSD: 100- day MA and Hidden divergence (RSI) Long

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

⋅
It is good to buy on dips around 10650-700 with SL around 10000 for the TP of 14600.

Trade active

⋅
It has shown a minor decline below 100 day MA and shown a slight recovery jumo till 12300 likely

Comment

⋅
Watch for 11795 high made from the low of 10162. Break above 11800 confirms intraday bullishness and jump till 14400 (42% jump possible).
Trend AnalysisTechnical Indicators
Comments
Clueless13
⋅
Any updates? Please
GoldBow3
⋅
I don't think BTC will drop to $10,000. It's too obvious and people who sell BTC on Margin will lose everything.
cahmbois
⋅
hello i need to learn, how i can know if it hidden bullish or just bearish?
julianface
⋅
That's not bullish divergence. Bullish divergence would be if price made a new low while RSI fails to make a new low
FxWirePro
⋅
@julianface, , this hidden divergence . Take from low of 11159 (RSI 46) and low 11191 (RSI 37)
julianface
⋅
@FxWirePro, ah apologies I thought it was regular divergence. It makes me realise I misunderstood hidden divergence this whole time, thanks!

Bullish divergence: lower lows on price, higher lows on indicator
Bullish hidden divergence: higher lows on price, lower lows on indicator
Bearish continuation: lower lows on price, lower lows on indicator
koryu
⋅
@FxWirePro, your rsi is based on close price so you can't compare it with the low price. Compare close with close or set rsi to low.
MedinTrade
⋅
Nice spotting Sir!! For those that can't see it [2018-01-11]
PS:any update on XAUUSD
Thnaks for your time and knowledge.
MedinTrade
⋅
@MedinTrade, not sure why it didn't show (2018-11-01)
More