Hidden Bearsih Divergence

2018년 1월 29일

As you can see, RSI managed swing higher and closed slightly higher than before (Oscillator Higher High), while BTC price made Lower Highs (LH). It's an indication that market signalled price decline will continue. But remember, it's just a signal. We will need to wait for confirmation. in this case wait for RSI goes to bearish sentiment (below median 50). Specially for this chart, RSI is lower than 40 or 35 indicates the decline continues.

This divergence is invalidated if RSI managed to make higher swing (>60)

I don't think it's the time to make a new long.

2018년 1월 29일

노트

forgot to mention, in addition to RSI swing higher than 60, price also swing higher than 12190. then divergence is invalidated

2018년 1월 31일

노트

posted this TA before end year of 2017.

2018년 2월 1일

노트

there's no reversal signal so far..

2018년 2월 2일

노트

no reversal signal, yet



added green box, our long term support. expect bounce here or if it doesnt hold, bear market is real.

not making any long yet

2018년 2월 2일

노트

perfectly touched green box and bounced. but, it's not a reversal yet. not sure for now. just enjoy the profit

2018년 2월 3일

노트

just updating some key points.. not price action

2018년 2월 4일

노트

for me 10336 is the most important level

2018년 2월 5일

노트

Market is signalling reversal. I think it's time to watch for exit level of this short

2018년 2월 5일

노트

4H chart is giving bullish divergence.