I tend to use the bull hive counting 7 divergences before firing buy. But I’m a human being and I’m curious how many are we counting now so far because we still don’t get any buy signal.
In this chart I’m relaxing the hive to only 5 divergences and you can see that it’s printing buy signals more frequently.
Obviously you can’t expect 5 signals count to be stronger than 7 but interestingly 5 was all that was needed to pop the price in the last 3 times.
So I’m treating it as what it is: a weak 4 hour buy signal.
Maybe un the next few days it might get invalidated or….it might finally count 7 divergences and trigger a strong hive buy signal.
Needless to say a daily strong buy would be a dream entry, but technicals are not there yet.
Always remember, technicals is only one aspect that can explain price action, there are many more so don’t ever use them for an all in bet or anything close!
In this chart I’m relaxing the hive to only 5 divergences and you can see that it’s printing buy signals more frequently.
Obviously you can’t expect 5 signals count to be stronger than 7 but interestingly 5 was all that was needed to pop the price in the last 3 times.
So I’m treating it as what it is: a weak 4 hour buy signal.
Maybe un the next few days it might get invalidated or….it might finally count 7 divergences and trigger a strong hive buy signal.
Needless to say a daily strong buy would be a dream entry, but technicals are not there yet.
Always remember, technicals is only one aspect that can explain price action, there are many more so don’t ever use them for an all in bet or anything close!
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