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RE: Massive bullish divergence present in GameCredits GAME/BTC 09/14/2017

in #crypto7 years ago

rather unconventional way to find divergence

the usual way to look for it - between the price peaks vs the indicator peaks during uptrend and the bottoms vs bottoms during the downtrend

the 2nd chart looks more like a long-term uptrend

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The way you've described is how one finds a regular divergence. The chart you've linked shows hidden divergences, as described here: https://www.babypips.com/learn/forex/hidden-divergence
I agree that a valley hasn't yet formed on the RSI to indicate that the move is over, so it remains to be seen if that hidden divergence remains that way or gets wiped out.

Either way, there's definitely a long term uptrend at play :)

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