Bitcoin Resets
Bullish Reverse Divergence to boot.
Bitcoin had been pulling back since mid-July after 7/14 Price-Indicator weakness revealed itself and confirmed on the 8/11 high.
So, as of today Bitcoin has put-in bullish Price-Indicator Disagreement, otherwise known as Reverse Divergence. When price is able hang high while MACD pulls down to an August 29 equivalent low as compared to the prior June MACD low, then Price proves strong and bullish.
We are now long Bitcoin, waiting for price action to confirm.
Whooph has studied and swing-traded predictive tells since he began in 1999.
George Lane’s Stochastic
Analysts insisted and reiterated that market price used in calculating your Stochastic oscillator are derived from historical data!
George Lane explained for the agitated analysts the assertion why his Stochastic oscillator issues signals which can foretell market movements:
Price has momentum.
Stochastic does not.
Lane turned and walked out, leaving them flummoxed. No one dared to ask him again.
Whooph averages 121% annually TWA.
