Bitcoin 1H Hidden Bullish Divergence | Hold, Don't Fold!
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bitcoin is just going through a retrace which we expect to end up in a higher low compared to 27-Feb., regardless if it goes to $42K,$41k, $40K, $38K, etc.
We now have a not so common signal; Hidden Bullish Divergence.
RSI: Lower lows
MACD: Lower lows
We also see prices bouncing above EMA10 and EMA100 (candle closure needed for confirmation).
Conclusion
- Always bullish above $37,000.
- That’s the point to keep in mind.
- Don’t let them shake you out of your hand.
- Notice that our Altcoins (ALTSBTC) continue unaffected; that’s what gives it away.
Namaste.
