How can I identify bullish hidden divergence patterns in digital currencies?
Matthew Blaisdell PittsburghDec 25, 2021 · 3 years ago1 answers
Can you provide some tips on how to identify bullish hidden divergence patterns in digital currencies? I want to understand how to spot these patterns and use them to make better trading decisions.
1 answers
- Dec 25, 2021 · 3 years agoCertainly! Identifying bullish hidden divergence patterns in digital currencies can be a valuable skill for traders. Here's a step-by-step guide to help you: 1. Start by analyzing the price chart of the digital currency you're interested in. Look for a series of higher highs and lower highs. 2. Next, examine the corresponding oscillator, such as the RSI or MACD. Look for a series of lower highs in the oscillator. 3. If you see this pattern, it indicates that the price is rising while the momentum is weakening, which is a bullish hidden divergence. 4. Confirm the divergence pattern by analyzing other indicators and chart patterns. Remember, practice makes perfect. Keep analyzing charts and studying different digital currencies to improve your skills in identifying bullish hidden divergence patterns. Happy trading!
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