anon2414691

Time to join the party and buy this thing

Long
BITSTAMP:BTCUSD   Bitcoin
MFI and RSI divergence is a strong indication of a trend reversal. Here, the MFI and RSI divergence is represented as a simple subtraction of MFI from RSI (or vice versa). The weekly chart clearly shows a huge divergence, which suggests there is strong demand that is buying the dip. Green arrows indicate those times when the divergence was indicating a buy or a sell.
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