/biz/ - Business & Finance

>>55400476
No problem fren! Hidden bullish divergence is when the price makes higher lows, but the oscillators make lower lows (Like how we're aggressively downticking oscillators, despite only slightly moving downwards). This indicates that the bears tried hard to push the price lower, but are losing momentum. Normal bullish divergence is when the price makes lower lows in a downtrend, but the oscillators start making higher lows, indicating a good chance for a trend reversal (as you can see from our reversal last week, there was lots of divergence). For reference, a swing is when you get a local bottom or local top wick.

Of course the price can do whatever whales want it to do, but all these strategies ever do is give you an edge. Most important of all is that the tren is your fren. When I first started trading, I was obsessed with always trying to time tops and bottoms (It's fucking orgasmic when you actually do this lol), but it isn't a consistently winning strategy.

The trend is up right now, and the price is currently testing the resistance that was made from that swing in April. If the price reclaims 31k and supports, there's nothing to slow it down until 35k. Never try to predict, just react to the information that's given to you when we reach important levels on the chart. That's the difference between being a TA fag and a trader. You don't need to know what the market is gonna do 4 months from now to make profits.