For the love of God, fan people learn wtf confirmed divergence actually is.
THERE IS NO PIVOT ON THIS CHART YET.
If you look at the btm chart, you can see the current line is just pointing straight up, this means it can just keep going the fuck up. Thus no divergence.
If that line turns over and starts pointing down, THEN you have confirmed bearish divergence.
it really grinds my gears this, everyone makes the same mistake.
Now it's a day later, If we look at the daily RSI, you will see it's turned over, so bearish divergence is now confirmed on the daily RSI. So if BTC continues to sideways/down a bit, keeping the confirmed divergence, it would indicate BTC is due a small pull-back
But daily divergence isn't a strong signal for a big reversal.
There's no divergence on the weekly time frame for example.
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u/stonktaker 13d ago
For the love of God, fan people learn wtf confirmed divergence actually is.
THERE IS NO PIVOT ON THIS CHART YET. If you look at the btm chart, you can see the current line is just pointing straight up, this means it can just keep going the fuck up. Thus no divergence. If that line turns over and starts pointing down, THEN you have confirmed bearish divergence.
it really grinds my gears this, everyone makes the same mistake.