Interesting Bullish Divergence on 4hr chart (BTC)
Hello everyone
Just small idea today, let’s get straight in.
In august we saw a bullish divergence pattern. (for those who don’t know: bullish divergence is when the chart is making lower lows, and the RSI is making higher lows. This is a very bullish pattern.). The pattern which is getting created right now does have a lot of similarities. We’ve already created a bullish divergence but this is not the bottom if you ask me. I think that we will get closer to the 6K area in the upcoming days. The 6K area is a very strong support zone and a psychological important price level. If we could find a higher low in the RSI and a lower low in the price, then we would have an exact copy of the pattern back in august. Then we could see another small uprun again.
Love to hear your opinion on this!
DM's and comments are always welcome.
Leave a like if you appreciated it!
Just small idea today, let’s get straight in.
In august we saw a bullish divergence pattern. (for those who don’t know: bullish divergence is when the chart is making lower lows, and the RSI is making higher lows. This is a very bullish pattern.). The pattern which is getting created right now does have a lot of similarities. We’ve already created a bullish divergence but this is not the bottom if you ask me. I think that we will get closer to the 6K area in the upcoming days. The 6K area is a very strong support zone and a psychological important price level. If we could find a higher low in the RSI and a lower low in the price, then we would have an exact copy of the pattern back in august. Then we could see another small uprun again.
Love to hear your opinion on this!
DM's and comments are always welcome.
Leave a like if you appreciated it!
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