RSI Bitcoin Classic Bullish Divergence & Bitcoin Trading Classic Bearish Divergence Bitcoin Trading Setups
Bitcoin classic divergence is used as a possible sign for a bitcoin trend reversal. Classic cryptocurrency trading divergence setup is used when looking for an area where bitcoin trading price could reverse and start going in the opposite direction. For this reason bitcoin classic divergence is used as a low risk entry method and also as an accurate way of exit out of a bitcoin trade.
- Classic cryptocurrency trading divergence is a low risk method to sell near the top or buy near the bottom of a cryptocurrency market trend, this makes the risk on your cryptocurrency trades are very small relative to the potential reward.
- Classic cryptocurrency divergence is used to predict the optimum point at which to exit a bitcoin trade
There are two different types of RSI Classic cryptocurrency trading divergence trading setups:
- Bitcoin Trading Classic Bullish Divergence Setup
- Bitcoin Classic Bearish Divergence Setup
Classic Cryptocurrency Bullish Divergence
Classic bitcoin trading bullish divergence occurs when price is forming lower lows ( LL ), but the oscillator technical indicator is forming higher lows ( HL ).
Classic Cryptocurrency Bullish Divergence - RSI Bitcoin Trading Strategies
Classic bullish cryptocurrency trading divergence warns of a possible change in the btcusd trading market bitcoin trend from down to up. This is because even though the price went lower the volume of sellers who pushed the bitcoin trading price lower was less as illustrated by the RSI cryptocurrency indicator. This indicates underlying weakness of the downwards cryptocurrency trend.
Classic Bitcoin bearish divergence
Classic bitcoin trading bearish divergence occurs when price is showing a higher high ( HH ), but the oscillator technical indicator is showing a lower high ( LH ).
Bitcoin Trading Classic Bearish Divergence Bitcoin Trading with RSI Indicator Strategies
Classic bitcoin trading bearish divergence warns of a possible change in the bitcoin trend from up to down. This is because even though the bitcoin trading price went higher the volume of buyers who pushed the bitcoin trading price higher was less as illustrated by the RSI cryptocurrency indicator. This indicates underlying weakness of the upward cryptocurrency trend.
