lonknex
Short

BTC 4HR - BEARISH HIDDEN DIVERGENCE (BEAR HOPIUM)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Price makes a lower high
+
Indicator ( RSI ) makes a higher high
=
Hidden bearish divergence

It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!

Bulls aren't completely out of the woods yet.

Aug 27
Comment: here is the same idea on the 1D chart
You can clearly see one on the 1 hour now. First Rsi top higer, second lower but higher price.
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Its called hidden bearish divergence... however it is too early to say if it is actually.
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IMO this is bullish div.
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lonknex MinaAminSami
@MinaAminSami, I'm still learning about divs. What makes you say that?
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@lonknex, if price is making lower lows while RSI higher lows it's bullish div. In a downtrend we connect the lows. In uptrend we connect the highs
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