i sincerely cant tell a difference

[Anonymous No.53558403]

both of them have higher highs/lows or lower highs/lows so how the hell can i tell when its bullish or bearish one?

[Anonymous No.53558456]

That is a shit graphic. They way you tell irl is if the stock makes higher highs but the oscillator doesn’t. Then you got some divergence. Same way with lower lows in stock but not in oscillator

[Anonymous No.53558457]

>>53558403
>How can I rotate a cow inside my mind?

[Anonymous No.53558464]

this is btc 4h is it bullish or bearish divergence? please help

[Anonymous No.53558478]

>>53558464
It bearish dude.

[Anonymous No.53558482]

>>53558403

Divergence just means difference, 90 IQ monkey. When a price says one direction, but the oscillator is different, it’s divergence. Divergence is one piece of evidence that the price action is going to change soon, regardless of direction

[Anonymous No.53558507]

>>53558403

[Anonymous No.53558510]

>>53558464
12k eom

[Anonymous No.53558520]

>>53558482
yes but which divergence is this one? >>53558464

[Anonymous No.53558525]

>>53558464
Obviously bearish. Because normally the RSI overall goes up while the price goes up. That it's doing the opposite is bearish as fuck. When the RSI goes above the resistance (the red line), the price will gigadump.

[Anonymous No.53558531]

You just draw lines in the direction you want it to go

[Anonymous No.53558545]

>>53558403
lmao look at this stupid fucking idiot OP

[Anonymous No.53558551]

>>53558464
it's a "bearish" divergence, but its kind of stupid because RSI is based on price, so if price falls it will complete the lower low on the RSI and confirm the bearish divergence - after the price dropped. if the price rises it will create a new high on the RSI and invalidate the divergence - after the price rose. Its useless for predicting things.

[Anonymous No.53558590]

>>53558551
which one is better than rsi

[Anonymous No.53558599]

>>53558464
> comparing dips with tops
are you retarded or something ?
it's pretty obvious to me

[Anonymous No.53558621]

>>53558599
it also has higher high and lower high

[Anonymous No.53558623]

The redpill on TA is the line can fit your narrative if you zoom
I feel bullish, so I zoom out oh fuck were down 40k in a year
I feel bearish, so I zoom in oh fuck were up 5k in a month

[Anonymous No.53558631]

>>53558621
yes TA is freaking useless

[Anonymous No.53558635]

>>53558464
>>53558520
This is basic stuff a 6 year old can ace without any hesitation. You learn pattern recognition in kindergarten.

[Anonymous No.53558658]

>>53558631
what do you use then

[Anonymous No.53558663]

>>53558621
>>53558631

there you go

[Anonymous No.53558667]

>>53558635
the only pattern recognition being taught now a days in kindergarten is the long nosed teachers keep saying johnnys a girl

[Anonymous No.53558671]

>>53558403
I’m not into TA, but this would be more obvious with candles. Basically if the green candles (line go up) are going bigger, that’s bullish even if the price is going down, because that means it’s bottoming. And vice Versa: if red candles are getting bigger even though the price is increasing, that means it’s topping off, which is bearish

[Anonymous No.53558686]

>>53558464
>>53558520
>>53558635
Try something like this OP, it might improve your trading skills.

[Anonymous No.53558709]

>>53558658
sentiment

[Anonymous No.53558725]

>>53558686

[Anonymous No.53558741]

>>53558663
i see both examples
>>53558709
how do you measure it? right now i can see that people are more into price going up but others are also saying down so what you do in this situation

[Anonymous No.53558749]

>>53558725
Sorry, that one might be too advanced. Here's a really simple one, even simpler than >>53558686

[Anonymous No.53558760]

>>53558686
>>53558725
>>53558749
look at this >>53558663 and tell me you dont see both examples

[Anonymous No.53558774]

>>53558760
So it's a troll thread, got it.

[Anonymous No.53558780]

>>53558741
>i see both examples
yes that's the point TA is useless

>how do you measure it?
watch what normies are saying about it
right now they still calling crypto dead ans this pump will fail

[Anonymous No.53558796]

>>53558774
you are troll

[Anonymous No.53558831]

>>53558780
where can i see what normies are saying?

[Anonymous No.53558843]

>>53558780
> >i see both examples
>yes that's the point TA is useless
>either joining in on the troll, or being equally retarded in case it's not a troll
In case of the latter, holy shit TA haters really are drooling brainlets.

[Anonymous No.53558871]

>>53558843
show me your TA and what you see

[Anonymous No.53558920]

>>53558831
I don't know. everywhere ? any social media ?
basically look for crypto post / news on normies spaces and look at the comments

it's funny because I used to do a lot of TA and got it right quite a lot but I'm not stupid enough to believe this shit actually works
but pic related was a pretty nice short

[Anonymous No.53558977]

>>53558871
Show "my" "TA" isn't necessary when it's an obvious bearish divergence. See: >>53558635 <-- "my" "TA" would look exactly the same. The chart is what it is. I don't, and nobody else, gets to make the chart what it is. The global market causes the chart to look the way it is, through BTC's price action.

[Anonymous No.53559038]

>>53558464
If you're using RSI to look for divergence when the market is behaving completely unreasonably you're an absolute brainlet. It won't keep going higher. OBV is superior in every regard.

[Anonymous No.53559120]

>>53559038
whats OBV? on balance volume? i applied it on my chart and cant understand shit it looks flat

[Anonymous No.53559191]

>>53559120
Yes. Zoom in. It adds volume on green days and subtracts volume on red days.
I think you're just baiting but here you gi.

[Anonymous No.53559273]

>>53559120
If a dip is comparatively large compared to the way up for OBV, then you should be weary

[Anonymous No.53559408]

>>53558403
It hidden bull. We can have bearish divergence from bear.

[Anonymous No.53559414]

>>53558403
Without volume the price action really doesn't mean anything. I generally single out any tops and bottoms that occur at high or low volume and discard everything else, looking purely at what the price does at maximum and minimum market participation gives me way more intuitive information at a glance than staring at an oscillator and waiting for specific criteria to trigger.

[Anonymous No.53559443]

>>53558551
Thank you, been saying this for years. It's a horrible indicator.

[Anonymous No.53559457]

>>53559414
Hmm. That is based. Any other tips?

[Anonymous No.53559515]

>>53559191
do you use it only on daily?

[Anonymous No.53560518]

>>53558403
>>53558464
>>53558520
>>53558590
>>53558621
>>53558658
>>53558741
>>53558760
>>53558796
>>53558831
>>53558871
>>53559120
>>53559515

[Anonymous No.53560821]

>>53558551
>>53558590
I don't know why these dumbfucks think bitching about RSI makes them sound like sophisticated TA experts.
But the MACD is also effective for showing divergences and it says the same thing. This is what a bull trap looks like.

[Anonymous No.53560939]

>>53559038
>wahhhh the market doesnt make sense to me

kek TAfags

[Anonymous No.53560999]

>>53558403
The hidden bullish scenario occurs after a decline (near a bottom), whereas the bearish scenario occurs after a rise (near a top).

[Anonymous No.53561044]

I understand bearish/bullish patterns, but can anyone help me understand crouching tiger/hidden dragon patterns?

[Anonymous No.53561069]

>>53560821
why do you fucking retards keep using bottoms and tops
it's not hard to understand

[Anonymous No.53561124]

>>53561069
HOLY SHIT IT'S THE SAME THING

[Anonymous No.53561175]

>>53561124
you're not supposed to measure from wick either
indicator count closed candle not price action

[Anonymous No.53561219]

>Retards think they can predict future with ms paint

[Anonymous No.53561238]

>>53558403
to understand RSI divergences we have to understand RSI see pic rel.

it calculates the average gain vs the average loss for a specific period (14 usually). this takes into account all of the gains and the losses for each candle based on its closing price. if the gains outweigh the losses, the RSI increases and vice-versa.

so what we see in a standard bearish divergence is that although the price is increasing, the average gain, (period to period) is decreasing. this means traders entering long positions in the market are getting chopped up and short positions are generally winning.

as the longs are liquidated to pay the shorts, pressure builds until no more long positions are in profit and these traders are all forced to exit their positions simultaneously.

as for hidden divergences, the same mechanics apply, except this is usually found at a trend reversal. take hidden bullish divergence as an example, the idea here is that longs entering the market prevent the price going below the recent low, but they are still on average in a loss, hence the RSI continues to fall past its previous low. as the RSI is probably quite low already, the participants on the short side see this as a signal to close their positions while they still can.

so to summerise, standard divergences can be seen in continuation patterns, hidden divergences can be seen in reversal patterns.

[Anonymous No.53561517]

>>53561175
I'm tired of trying to figure out why the system thinks I'm spamming. So there's my response.

[Anonymous No.53561535]

>>53561517
Dammit....