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wargolynch
Feb 9, 2018 12:23 PM

H2 Hidden RSI bearish divergence  Short

Bitcoin / DollarBitfinex

Description

TF H2

Hidden bearish divergence on RSI14 (price didn't touch the resistance trendline but RSI did)
Hourly, MA 21 (green) just has passed under MA 50 (sky blue), bear pressure of the MA 200
Volume is going down
BTC closed with a doji on the last 2 hours interval (reversal signal)

Comment

My bad, I didn't chose the right price oblique line for my analysis. In fact, the right comparative oblique line between price and RSI is broken out by the price but is not by RSI.
So, it's a normal bearish divergence and not an hidden one.

Comment

My bad again, if the price goes up but the RSI stops in front of its oblique resistance, it's an hidden BULLISH divergence
It's a little one anyway, since there are not any higher high of the price since yesterday.
A true divergence implies a divergence of horizontal levels between price and indicators.
Any comment about this ?

Comment

Nevermind about this noobism over 9000 lmao
Comments
EspressoDopio
Interesting and contrarian view... What setting did you choose for your RSI graph (and why)?
wargolynch
@EspressoDopio, It's in fact a little bullish divergence, I updated my idea
wargolynch
@EspressoDopio, It's not an hidden bearish div but an hidden bull one since I figured out I was not using the right trendline
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