This was a "quick" video to go over some of the divergences I am seeing on the BTC 4 hour chart.
I also discuss an interesting idea in regards to the RSI input source and how it can effect the ability to spot divergences.
Basically, standard RSI input source is the close of a candle, so its potentially using the body rather than the wick for its data.
So I broke up the RSI into 3 parts to search for divergences.
Please feel free to correct anything that may seem off.
Thanks!
DISCLAIMER: There are a couple of times where I say "bearish" when I mean "bullish".
OOPS!
I also discuss an interesting idea in regards to the RSI input source and how it can effect the ability to spot divergences.
Basically, standard RSI input source is the close of a candle, so its potentially using the body rather than the wick for its data.
So I broke up the RSI into 3 parts to search for divergences.
Please feel free to correct anything that may seem off.
Thanks!
DISCLAIMER: There are a couple of times where I say "bearish" when I mean "bullish".
OOPS!