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CryptoNinjaAnalyst

XBTUSD - Bullish Divergence

Long
Bitcoin (BITMEX:XBTUSD.P)  
CryptoNinjaAnalyst  
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns XBTUSD xbt BTCUSD BTC Bitcoin (Cryptocurrency) bitcoinforecast
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trendanalysis harmonicpatterns chartpattern xbtusd xbt btcusd btc bitcoin bitcoinforecast
What is a bullish divergence?
A bullish divergence is the pattern that occurs when the price falls to lower lows, while the technical indicator reaches higher lows. This would be seen as a sign that market momentum is strengthening, and that the price could soon start to move upward to catch up with the indicator. After a bullish divergence pattern, it is common to see a rapid price increase.
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