Rumdig
Short

MCO Bearish Divergence

BITTREX:MCOBTC   MCO / Bitcoin
I'm new to TA, please provide any insight into this idea. Looks like bearish divergence on the 4hr chart. Expecting a market drop based on the MACD and RSI signals.
Sep 19
Comment: Looks to be in an accumulation phase
well you spotted a divergence thats right... the thing is... its a BULLISH divergence... (a hidden bullish divergence to be precise) and you posted it on the sweet spot... hehe.. MCO up !

here is a cheatsheet for the future..
https://www.babypips.com/learn/forex/divergence-cheat-sheet
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Rumdig valueerror
@valueerror, wow. Thanks for the cheatsheet link.
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i think it wrong) it will be up cause they will be relize app on 31 august
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Rumdig Ingwina
@Ingwina, Thanks for the input
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dmetal23 Rumdig
@Rumdig, I agree with the TA but yeah it seems like people are bullish for the app being released and are throwing TA out the window
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Rumdig dmetal23
@dmetal23, good to know. I'm still learning TA and assumed an opposite direction base upon the indicators.
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