abdulla_faraz

BTC Hidden RSI Divergence

Long
abdulla_faraz Updated   
BITSTAMP:BTCUSD   Bitcoin
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.
Comment:

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