MagnusTradingGroup
Long

Hidden Bullish Divergence on RSI

BITSTAMP:BTCUSD   Bitcoin / Dollar
Hi kids, today's lesson is about the hidden bullish divergence .
interesting :)
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Good chart! :)
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What about factoring volume in the equation via MFI?
Interesting chart :)
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MarvinMartian IvanLabrie
Because it would show money flowing OUT =)

Can't be bullish with money flowing out. Lol.
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MarvinMartian IvanLabrie
Here's mine with MFI. I show a trendline down. But as with most charts, it's all about the scaling/timeframe.

https://www.tradingview.com/e/eNtA3NU8/

"Massive" 2300 BTC selloff to take it below $500
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I think it's funny when someone claims bullishness without volume studies. =)

snapshot
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MarvinMartian MarvinMartian
More sell-off sub $500:

snapshot


That bull is wearing a bear fur coat.
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this analysis is no longer valid since we broke the 495 green line you have. We reached 480 and probably going much lower
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What is the green line based on?
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IvanLabrie PRO MoonTrader
Trend lines? I'm not a fan of geometric forms, cause you need arithmethic charts for them to work. I can see a reversal once we hit 450, we'll see.
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I hope you're right.
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Right now I'm bullish on btc, I can see it hitting 500+ but the resistance is strong in that area, then we have 540. But it's hard to say. Easier to short term trade on increased volatility, honestly.
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I want my tuition back
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do u think were still bullish to 600? u should post your new TA chart. always looking out for yours!
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Hi there, I was just looking up examples of hidden bullish divergence as I see it on this current 1hr chart..and found this old post.
Clearly it isn't 100% reliable.
What do you think...would you trust it on this occasion?
snapshot
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