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Hidden Bullish Divergence on RSI

BITSTAMP:BTCUSD   Bitcoin / Dollar
Hi kids, today's lesson is about the hidden bullish divergence.
smalldarkcat
2 years ago
interesting :)
+1 Reply
Maddie
2 years ago
Good chart! :)
+1 Reply
What about factoring volume in the equation via MFI?
Interesting chart :)
Reply
MarvinMartian IvanLabrie
2 years ago
Because it would show money flowing OUT =)

Can't be bullish with money flowing out. Lol.
Reply
MarvinMartian IvanLabrie
2 years ago
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
-1 Reply
MarvinMartian
2 years ago
I think it's funny when someone claims bullishness without volume studies. =)

snapshot
+1 Reply
MarvinMartian MarvinMartian
2 years ago
More sell-off sub $500:

snapshot


That bull is wearing a bear fur coat.
-1 Reply
BuyBitcoin.WS
2 years ago
this analysis is no longer valid since we broke the 495 green line you have. We reached 480 and probably going much lower
+1 Reply
MoonTrader
2 years ago
What is the green line based on?
Reply
IvanLabrie PRO MoonTrader
2 years ago
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.
Reply
Tanner
2 years ago
I hope you're right.
Reply
IvanLabrie PRO Tanner
2 years ago
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.
Reply
HerSerenity
2 years ago
I want my tuition back
+1 Reply
BuyBitcoin.WS
2 years ago
do u think were still bullish to 600? u should post your new TA chart. always looking out for yours!
Reply
rubenthin PRO
2 years ago
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
Reply
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