Acemoisan
Short

BEARISH DIVERGENCE

BINANCE:ETHUSDT   Ethereum / TetherUS
We should definitely see some downward movement after those impulse waves upward last night. We have a bearish divergence on the RSI and macd for lower lows and highs. Therefore losing momentum.

We should be coming down for a few hours!!!

Comments

There is bearish divergence yes...But there is also hidden bullish divergence.
Which one will win?
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Acemoisan deactivatedaccount123
@deactivatedaccount123, havent researcher hidden divergences enough yet.. :/ feel free to enlighten
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@Acemoisan, Hidden bullish is when price lows get higher but the RSI lows get lower.
What you're showing is regular bearish divergence. Hidden bullish divergence is a bit stronger. BUT considering the overall trend is down, I would say that indicator-wise, yes, Bitcoin should fall.
So far though, it's been consistently making higher lows and higher highs for the past ~15 hours or so. I think there is a huge move coming...To be honest I hope you're right. lol
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Acemoisan deactivatedaccount123
@deactivatedaccount123, looks like you were right. I gotta read up on hidden divergences and bear and bull traps
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@Acemoisan, Hope it helps :)
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Acemoisan deactivatedaccount123
@deactivatedaccount123, Check the latest post, I even drew the triangle in this one and didnt catch it. I need a system to focus on. All the stuff I'm trying to learn is seriously throwing me off
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@Acemoisan, What latest post? And didn't catch what?
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Acemoisan deactivatedaccount123
@deactivatedaccount123, it's up now it took a while. I missed the symmetrical triangle. I drew it out on this post just marking off supports and resistances. But didnt even realize the pattern
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