mikedargham

BITCOIN WEEKLY DIVERGENCE

Long
BITSTAMP:BTCUSD   Bitcoin
On the weekly chart of BTC the price formed the first low back in JUNE and for the last couple of weeks the price went down tremendously and we closed the lowest body of a candle last week. The thing here is that the price has formed lower low while the RSI is forming higher low. That's a bullish divergence if not broken.
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