orbborrison

21 divergences on 30m. A closer look.

Long
orbborrison Updated   
COINBASE:BTCUSD   Bitcoin
I carefully pointed out all the important divergences a person can find on this 30m chart.

Please notice the chart displaying two correction forms, two twin brothers.
Everyone is looking at the differences between these two twin correction movements
in order to be able to identify the pattern breakage before it actually happens.

I used two RSI with 14 and 56 RSI values.

See how the "classic bearish divergences" are not present in the second
correction model(the latest, not yet fully formed one).

This lack of bearish(strong) divergences may signal that the bears
have just become a little weaker!
Trade active:
They are definitely running around in fear, those furry animals
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