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BTC Divergences

BITFINEX:BTCUSD   Bitcoin
There are two main divergences appearing on BTC: Both are Bullish

First divergence (blue lines): We see a rather large bullish div over a long time-frame. This is actually better seen on the 3D chart, nonetheless it is still there on the 1D chart. BTC is making a higher low in price but the oscillators are making lower lows, meaning although there is more selling power, it is not able to bring price back to previous lows.

Second divergence (yellow lines): We can see price is making a short-term possible double bottom and price is making a lower low while the oscillators are making higher lows. This shows the sellers are wearing out.

Note: The oscillators are set on closes not on wicks. So you do not measure divergences from wicks, but instead from closing prices (candle bodies).
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