BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Updated Version.

I've tried to spot every RSI divergences possible post April-2013 bubble on a daily chart . Maybe some are missing, just let a comment to notify. But I think everything is there.

I found out:
- 3 majors RSI div             . in blue.
- 4 minors RSI div             . in light gray. I called them like this because they weren't significant, as they were quite flat OR within 70 - 30 RSI range OR not on major highs, lows.

Remarkable results:
- Surprisingly RSI divergences are quite scarce.
- ... and one is probably in the making !
- 100% success rate for now (2/2).

Given this last RSI divergence, there are good odds that we won't make a new lower (<$275) anytime soon. And it gives a strong pontential bounce in the making if the RSI goes back over 30 (key level IMO             ).


Here is a good ressource about RSI div: http://www.forexmt4.com/Gyula/Divergence%20Cheat%20Sheet.pdf
There are 4 RSI Divergences setups
* Regular Bearish Divergence
* Regular Bullish Divergence
* Hidden Bearish Divergence
* Hidden Bullish Divergence

Cheat sheet here: http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.html
I see what you're saying - it can be seen to be part of a previous RSI cycle, but then again, look at RSI on the weekly TF chart!
Indeed, here is what you're talking about I guess:

venzen J.Livermore
This is nuts. There's at least $1000 of upside possible in the chart. The question is how will it be achieved - I see two different paths: 1) a steep advance (like the last rally) to near $1500 (or whatever) with divergence to the April 2013 RSI high; or,2) a jagged ascent with frequent corrections (dictated by the post-Nov 2014 RSI profile) and then a final divergence against the ascent's own RSI graph. The latter case should exceed $1,500 by some margin but will be a rollercoaster. I imagine many participants will lack confidence to buy in once the price exceeds a few thousand.
Also, notice the reverse (hidden) divergence between the extreme lows on the left and right sides of the chart. The upside potential is shocking.
Indeed, but I don't think that a daily scale is good enough to plot between 2 points spaced by 18 months :) But you may be right!
This is how to use RSI. Excellent study.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out