BTC will retest 10k - Bullish Hidden Divergence

10 mai 2018

There was some bearish divergence, which has already played out. The hidden bullish divergence was just confirmed on the latest dip, and lasted throughout the scope of the bearish divergence. We should now retest the previous high without making a lower low first.

10 mai 2018

Note

Just to be clear, this does not cover what will happen in between, other than to say that we will not go lower than the last low on the trend line.

10 mai 2018

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Here's one possible idea for what could happen before we retest 10k

10 mai 2018

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Credit: tradingview.com/u/dadae/

11 mai 2018

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So we took a dip as expected, but it was larger than I expected. As of right now, hidden bullish divergence is still being maintained, although it doesn't look as strong.

11 mai 2018

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We broke through a key point around 8800, so there's a good chance we will dip a whole lot more here. Technically there is still some bullish hidden divergence, but it looks pretty weak, so I'm not betting on this playing out the way I hoped. Sorry people.

5 juin 2018

Note

This was my worst prediction to date. I have come to the conclusion now that hidden bullish divergence is generally not a very strong indication of what is to come. Regular bullish divergence, on the other hand, is a very strong indication.

I have also come to notice that BTC rising wedges with certain characteristics tend to dump quite often, like this one did.