Hoping for another dip to $49,000 before 1pm and a bullish divergence on BTC.
Everytime I read “Bullish divergence” I think, I wonder what that means.
Care to enlighten me? I get the bullish part.
When the oscillator indicator (usually the relative strength indicator or RSI) diverges from the price action. This indicates a reversal of a trend.
usually the rsi chart has a similar pattern to the price chart. But when there’s a lower low in the price chart and a higher low in the RSI this is a bullish divergence, meaning it indicates the downward trend is about to reverse. The opposite (a higher high in the price chart but a lower high in the rsi chart) is a bearish divergence - indicating the trend will reverse and the price will go down.
He literally is like one of those crooks in Austin Powers or James Bond messing with the worlds finance markets and creating mayhem. It honestly would not suprise me if he announced tomorrow that he had a " Death Laser " pointed at Earth and unless he get $20,00000000,0000000000000000000 he will fire lol
Yeah, there basically are none. It’s a fork of an old litecoin code, litecoin has since had tonne of dev work to clear up bugs and any vulnerabilities, doge simply hasn’t got that. Add to the fact one wallet holds something like 40% of the supply.
Looking at the Bitcoin charts.. I can’t help but feel this is all feeling a bit top-y. Hope I’m wrong.
On BTC? yep, on other coins not so sure ( and by that I mean ADA, because that's where my focus is mainly)
Yep Bitcoin, which is a good indicator of the market as a whole. The monthly and weekly chart look like we’ve run out of momentum and will be hurtling back down to earth.
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Topped up Bitcoin to cheer myself up.
usually the rsi chart has a similar pattern to the price chart. But when there’s a lower low in the price chart and a higher low in the RSI this is a bullish divergence, meaning it indicates the downward trend is about to reverse. The opposite (a higher high in the price chart but a lower high in the rsi chart) is a bearish divergence - indicating the trend will reverse and the price will go down.
Step 1) follow Elon Musk
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lots of bullish divergences on 4hr timeframes now. Looks good!