Massive Hidden Bull Divergence on Bitcoin 1W

jaredboice

hero member

Activity: 560

Merit: 500

Quote from: yayayo on July 04, 2015, 09:39:14 AM

Textbook hidden bull divergence? Cookbook exposed bear convergence?

I'm not sure which one sounds more convincing to me... Grin

I'm not a "professional" chartist, but the very long sideways bottom with relatively low volatility seems to be a good sign to me. So I'm slightly bullish as well.

ya.ya.yo!

PS Everyone who hasn't been shaken off the bull, hold on tight and enjoy the rest of the ride!! This bull's getting on a rocket ship

betterangels

sr. member

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Merit: 250

Market sentiment is changing

yayayo

legendary

Activity: 1806

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Textbook hidden bull divergence? Cookbook exposed bear convergence?

I'm not sure which one sounds more convincing to me... Grin

I'm not a "professional" chartist, but the very long sideways bottom with relatively low volatility seems to be a good sign to me. So I'm slightly bullish as well.

ya.ya.yo!

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: Tzupy on July 04, 2015, 09:13:14 AM

Quote from: AnonymousEconomist on July 04, 2015, 08:47:01 AM

Where might we go from here?
...

Hades. The supposed bullish divergence means nothing, it spans too long. Strong bearish divergences from current market with March.

+1
However, it does look like a 4, but that bear div in the last few months on that same chart says top is near or already in. Being a weekly chart though, allows some more indecision before it takes hold.

Tzupy

legendary

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