Hidden Bullish Divergence on BTCUSD Daily Chart
Hidden bullish divergence as explained here means:
Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips”
We have a higher low on price and a lower low on RSI.
We have been in an uptrend and this is a retracement. Everything points to a good long for BTCUSD but beware of the manipulators who like dumping on you to liquidate your margins when you least expect it. Noone said a long is gonna be easy. They always make you work hard for it. Be sure to keep tight stop losses (risk management is key) or keep your leverage low and margin levels healthy if you are going for the long haul.
Trade in small quantities and keep on low leverage unless you know what you are doing. Good luck!
Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips”
We have a higher low on price and a lower low on RSI.
We have been in an uptrend and this is a retracement. Everything points to a good long for BTCUSD but beware of the manipulators who like dumping on you to liquidate your margins when you least expect it. Noone said a long is gonna be easy. They always make you work hard for it. Be sure to keep tight stop losses (risk management is key) or keep your leverage low and margin levels healthy if you are going for the long haul.
Trade in small quantities and keep on low leverage unless you know what you are doing. Good luck!
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