Rsi Classic Divergence on XBT/USD perpetual on Bitmex
Updated
simply put the rsi classic divergence is an easy one to spot where the rsi and the trend no longer agree on the price , the rsi is stating an increase in bullish momentum while the price continues downwards its a very early indication of an uptrend and i can see this going well above 10k however unless we break 11.7k with strong support expect lower highs and lower lows until we break the bearish flag ~Thebitcc team
Trade closed: target reached
if you played the rsi right you made an easy 150 off of rsi :) , enjoy the margin profits , remember we trade on bitmex binance and gate.io if its a short long position like this and your wanting a longer call you can comment or pm us and we will give you the longer position we don't post these too often but they are longs with a short cover position profit on both sides typically for more advanced traders . btc will stay still for some bit careful playing alts be vigilant that between 11pm - 5m EST ( UTC -5) something crazy happens on btc
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