RSI Bitcoin Classic Bullish Divergence & Bitcoin Trade Classic Bearish Divergence Bitcoin Trade Setups
Bitcoin classic divergence is used by the online traders as a possible sign for a bitcoin trend reversal. Classic cryptocurrency trade divergence setup is used when looking for an area where bitcoin trading price could reverse & start going in the opposite trend direction. For this reason bitcoin classic divergence setup is used as a low risk entry method & also as an accurate way of exit out of a bitcoin trade.
- Classic cryptocurrency trade divergence is a low risk method to sell near the top or buy near the bottom of a market trend, this makes the risks on your cryptocurrency trade positions are very small relative to the potential reward.
- Classic divergence setup is used to predict the optimum ideal point at which to exit a bitcoin trade
There are 2 different types of RSI Classic divergence setups:
- BTCUSD Classic Bullish Divergence Trading Setup
- Bitcoin Classic Bearish Divergence Trade Setup
Classic Bullish Divergence Setup
Classic btcusd bullish divergence occurs when price is forming/making lower lows ( LL ), but the oscillator technical indicator is making/forming higher lows ( HL ).
Classic Bullish Divergence - RSI Bitcoin Trading Methods
Classic bullish trade divergence warns of a possible change in the btcusd trading market bitcoin trend from down to up. This is because though the bitcoin price headed lower the volume of the sellers who moved the bitcoin trading price lower was less such as illustrated by the RSI cryptocurrency indicator. This shows under-lying weakness of the down-wards cryptocurrency trend.
Classic Bitcoin bearish divergence
Classic bitcoin trading bearish divergence occurs when bitcoin price is showing a higher high ( HH ), but the oscillator indicator is showing a lower high ( LH ).
BTCUSD Trade Classic Bearish Divergence Bitcoin Trading with RSI Bitcoin Indicator Methods
Classic btcusd bearish divergence warns of a possible change in the trend from up to down. This is because though the bitcoin trading price headed higher the volume of the buyers who moved the bitcoin trading price higher was less like is illustrated by the RSI cryptocurrency indicator. This reflects underlying weakness of the upwards cryptocurrency trend.
More Topics and Guides:
- What are the Different Types of BTC USD Analysis Methods?
- Automatic Support and Resistance BTC USD Trading Indicator MetaTrader 4 Platform
- Free BTC USD Trading Indicators Of Buy and Sell Signals
- How Do I Register a MT4 BTCUSD Account?
- How Do You Trade BTC USD & Modify a TakeProfit BTC USD Order on MT5 Platform?
