BTC.Divergence Hypothesis
Updated
Just exploring the daily RSI's and it dawned on me the following chart:
Looking at how divergences effected the overall trend in the bear market and how we are doing now.
I haven't done the early stages of the bull run in 2015 to 2017, that would be next but its interesting as to how things look familiar.
Anyway, just sharing an idea... as time passes, we can then analysis it more if it starts turning out as per the lines.
Looking at how divergences effected the overall trend in the bear market and how we are doing now.
I haven't done the early stages of the bull run in 2015 to 2017, that would be next but its interesting as to how things look familiar.
Anyway, just sharing an idea... as time passes, we can then analysis it more if it starts turning out as per the lines.
Comment
********************************************************************************************************I should have made this clear: Do not take this serious. However it is to be taken into consideration if or when the next stage lines up (the stars align) then it's useful.
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I'm thinking the 50 EMA on the daily is where this bullish divergence might occur considering how bearish its been so far... even difficult to make shorts beyond a $100 with confidence. Nether the less, the RSI is dropping and I'm interest to see where this bullish div. occurs as its usually my entrance point for most downward trends.Comment
Another perspective...it doesn't help. Just know that it needs to stay above the 3/1 fib fan for it to be bullish.Comment
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updated\tweaked (BTC.fractural)Comment
Slightly tweaked and chart updatedComment
Divergence theory so far so good.Trade closed: target reached
1st Macro move\level successfully forecast ed.
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