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?
do u think were still bullish to 600? u should post your new TA chart. always looking out for yours!
I want my tuition back
+1 Reply
I hope you're right.
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.
What is the green line based on?
IvanLabrie 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.
this analysis is no longer valid since we broke the 495 green line you have.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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I think it's funny when someone claims bullishness without volume studies. =)

+1 Reply
MarvinMartian MarvinMartian
More sell-off sub $500:

That bull is wearing a bear fur coat.
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