Cheesus christ... There's no divergence... and not a ghost of a chance it should be there... LOL U wrongly interpret two troughs thinking they're equal when, in fact, they are not. Go press F5 on ur chart. I already told multiple times that ETHXBT charts have incorrect price gaps.
Andre_Cardoso
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At least wait for the invalidation of the pattern, do not speak ahead of time, this is a matter of probability not a certainty;) - And There's no Divergence?
heglassedme
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All rsi does is divide 100 by the ratio of X days median gain to median loss and subtracts a result from 100 thus creating a deviation between two price points, hence the sharpest the correction / whipsaw the lower rsi gets as a result of divisor getting lower. Now, look at the chart. The price stayed below 0.022 for more than 2 hours which is enough to disregard the possibility of a false breakout. The chart above falsely represents two troughs as equal ones because of an internal tradingview lag, resulting in a stunningly unclear judgement. Thats all I had to say.
Andre_Cardoso
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Man, im realy sorry, now i can see that on my charts too, in fact there's no double bottom!! Thanks and im sorry :D
tududu
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Thanks for the very instructive charts!
Andre_Cardoso
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nepaldude41
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what are your comments on Ethereum. How are you bullish on this considering it has gone up a lot?