RSI Bullish Divergence Detected on QTUMBTC [QUICK UPDATES]

20 Mar 2020

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.

We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for the bulls.

This can lead to a great scalping opportunity. Don't expect huge gains here, but use it as a way to identify a short term reversal. You have to take into account that we're on the 15m timeframe.


--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.

- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

22 Mar 2020

Not

After the big success on this RSI Bullish Divergence, we just found a possibly even stronger signal!

Here we have both an RSI Bullish Divergence, but at the same time a horizontal support zone is hit. This confluence makes the signal even stronger. I am giving out another bullish signal.