It normally holds really strong (no new low) and it tends to go up strong when in bull mode.
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Let's take a closer look at the chart:
- Here we have a on the weekly time frame, coming up at the bottom of a trend. A clear trend reversal signal if you go by reading. Still, a few parameters need to be met but this is the signal.
- We are looking at a high bar on a Tuesday, this is the weekly time frame we are looking at and the week is only getting started. So this week can end up being a really high week. We can end up with something like the highest in a week since July 2018.
- Next is the , it hit its lowest ever. Notice that DGBBTC has been available for trading on Bittrex since late 2014... So the lowest ever is quite a feast. Here you can see the chart:
This also leads to what is called "hidden divergence"... I'll leave the explanation for another time.
- These signals are enough for me. What about you? Is there anything that you want to share with us? Use the comments section below... and remember to hit like to show your support.
Thanks a lot for reading.
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