Hello ALL,
PS: ALT COINS SEASON ALWAYS STARTED IN FEBRUARY IN THE PAST SO IT IS WORTH BEING STOPPED OUT A FEW TIMES BEFORE IT STICKS !!!!
I Took the Bullish Hidden Divergence -> STOPPED OUT
I Took my chance on the Liquidity Sweep at $2.30 -> STOPPED OUT
Now What ?
I looked for clues in all the Time Frames. It has to be somewhere and Here is what I...
Evidently,
1. The Hidden Divergence in teh 4H TF Chart failed:
it is reflected by the 2 purple arrows and it did not work out this time.
Had a wide SL and Got stopped out below the forming Wedge.
2. The 4H TF Chart looks normal now:
Price goes down making a lower lows, OBV does the same (Blue arrows in 4H TF))
3. Now What?
The same blue arrows BUT in the 1H TF...
There is a Hidden Divergence between OBV and XRP in the 4H TF chart.
It is reflected by the 2 Purple Arrows on the chart:
Higher Lows for XRP
Lower Lows for OBV
For a Hidden Divergence to be meaningful statistically: the Higher the TF, the more reliable.
The 4H TF is decent.
Also, the overall large forming wedge is helping support the bullish bias.
Let's...
