Siacoin hidden bullish divergence

BITTREX:SCBTC   Siacoin / Bitcoin
Sia might be getting ready for its next big leg up. Might dip a little bit more if BTC decides to do its last corrective leg to 8500ish, but has huge potential upside anyway.
評論: It's breaking out to the upside, but the volume is low and the breakout looks unconvincing to me. I'm waiting till it breaks the new, third, added trend line and also for the RSI to cross the 50 level.


On the one hour time frame it also looks like it's retracing. RSI is descending and the MACD not yet in the green.

評論: Nice breakout. Waiting for a retrace.

評論: Siacoin broke out yesterday and is now re-testing the support line. Interesting to see what happens, but I think it depends what BTC will do. BTC looks like it's dropping because of the future settlement and alts are following.

please keep us updated!
+1 回覆
Anyone can correct me if i'm wrong, but for divergence you want to be consistent with the trend your comparing.

in your first image...if you compare the top of the price chart to the top of the RSI indicator trend you have there, they are both sloping top to bottom.

there is no divergence in that comparison as we see a symmetrical triangle formation on both the candlestick chart and the RSI chart.

screpuh whoisthelorax
@whoisthelorax, you are right. Bullish divergence is measured by taking the lows of the price and the oscillator. What is saw was that the price was making higher lows (the lower line in the triangle) while the RSI is making lower lows.
Which means hidden bullish divergence. (the line on the RSI could better be placed as a support line instead of a resistance line, because i'm measuring the lows)
+1 回覆
what is your opninon on the first target?
I hope your right. I use the 7, 77 and 231 moving averages to chart and it looks to be slowly gaining energy to burst up.
screpuh Nour_Ali
@Nour_Ali, yea i think it will go up anyway. I'm not in yet, but have two alerts on the trend lines. If it breaks the upward trend line I will get in during the retest of this line. If it breaks downward, because BTC is doing more of its expected correction, I will wait and try to buy the dip. I will also try to keep this idea updated as time goes by.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出