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cryptobon
25 janv. 2018 18:01

bulldiv! Long

Bitcoin / DollarBitfinex

Description

and hugging the bottom of bollinger bands. Signals for a retest of the upper triangle limit
Commentaires
DrewMorrow
If Prices is rising, and RSI is dropping wounding that be Bearish
cryptobon
@DrewMorrow, That's only half correct. It would be a divergence in a different level! the one printed in this chart is done.

I'll post a chart right now showing one, check it out!
bitgains
@DrewMorrow, in an uptrend channel (even if the channel is a sub-trend), when RSI drops, I interpret it as; the price needs less RSI to rise higher. Thus, a little more RSI (coming after the bottom) would help price rise even further. So this is a hidden bullish divergence (look that up) meaning a continuation of an uptrend.

However, because the upper-limit of the channel is near, you can expect it maybe to show a bulltrap, and then drop back again.
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