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MagnusTradingGroup
Aug 15, 2014 2:23 PM

Hidden Bullish Divergence on RSI Long

Bitcoin / U.S. dollarBitstamp

Description

Hi kids, today's lesson is about the hidden bullish divergence.
Comments
HerSerenity
I want my tuition back
BitcoinGuru
this analysis is no longer valid since we broke the 495 green line you have. We reached 480 and probably going much lower
MarvinMartian
I think it's funny when someone claims bullishness without volume studies. =)

MarvinMartian
More sell-off sub $500:



That bull is wearing a bear fur coat.
Maddie
Good chart! :)
smalldarkcat
interesting :)
rubenthin
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?
BitcoinGuru
do u think were still bullish to 600? u should post your new TA chart. always looking out for yours!
Tanner
I hope you're right.
IvanLabrie
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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