Massive Hidden Bull Divergence on Bitcoin 1W

[AnonymousEconomist]

Where might we go from here?


Here's a link for those unfamiliar with divergences:
http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.html

[TaurusBit]

Where might we go from here?

Moon? Mars?

[Tzupy]

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.

[RyNinDaCleM]

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.

[yayayo]

Textbook hidden bull divergence? Cookbook exposed bear convergence?

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

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!

[betterangels]

Market sentiment is changing

[jaredboice]

Textbook hidden bull divergence? Cookbook exposed bear convergence?

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

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