Hidden Bullish Divergence has been spotted on BTC USD chart.
For those who don't know about it, hidden bullish divergence Indicates underlying strength.
It occurs during a correction in an uptrend when the oscillator makes a lower low while the price action makes a higher low. This indicates that there is still strength in the uptrend and that the correction is merely profit taking rather than the emergence of strong selling and is thus unlikely to be last long.
Thus, the uptrend can be expected to resume.
TIME FRAME: 4H
PRICE: HIGHER LOW
OSCILLATORS: LOWER LOW
I am expecting a good Bullish movement soon. And with expiration of CME quarterly contract, it becomes imminent for BTC to rise soon.
This is just a small update so that you guys can keep an eye out this.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
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http://www.chart-formations.com/indicators/divergence.aspx
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