We should definitely see some downward movement after those impulse waves upward last night. We have a bearish divergence on the RSI and macd for lower lows and highs. Therefore losing momentum.
@Acemoisan, Hidden bullish is when price lows get higher but the RSI lows get lower.
What you're showing is regular bearish divergence. Hidden bullish divergence is a bit stronger. BUT considering the overall trend is down, I would say that indicator-wise, yes, Bitcoin should fall.
So far though, it's been consistently making higher lows and higher highs for the past ~15 hours or so. I think there is a huge move coming...To be honest I hope you're right. lol
Acemoisan
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@mc_peewee, looks like you were right. I gotta read up on hidden divergences and bear and bull traps
@mc_peewee, Check the latest post, I even drew the triangle in this one and didnt catch it. I need a system to focus on. All the stuff I'm trying to learn is seriously throwing me off
deactivatedaccount123
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@Acemoisan, What latest post? And didn't catch what?
Acemoisan
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@mc_peewee, it's up now it took a while. I missed the symmetrical triangle. I drew it out on this post just marking off supports and resistances. But didnt even realize the pattern
Which one will win?