BTC Hidden RSI Divergence

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We're seeing exhausted weaker bears over the last few days. RSI shows hidden slightly bullish divergence . We could see a retest of 6100 before making a lower higher then a higher high. No confirmation yet though. Wait for a higher low to form.
Order cancelled: RSI closed lower, and bears are still in charge. No reversal yet it seems.

Comment: Daily closed with an engulfing candle, and RSI breaks above. We may see the daily trend upwards for a the next few days.


Agreed. I have seen the same thing as well.
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