People who know me and usually follow me here on STEEM blockchain know that I usually publish some post more or less frequently regarding the crypto market situation and its relationship with technical analysis, often applying the theory of wave waves. Elliot I sincerely think that Elliot waves is the best technique to anticipate and project a good trading plan for anyone who wants to start in this super addictive hobby.

Until a few weeks ago I almost did it daily, now it is rare that I do it every week.

Why this?
Well, surely because until today I have not seen anything transcendental that makes me change my diagnostic, in fact, we have been waiting for a long time for the end of a long correction in what we would call the **first impulse wave** that led us to touch the 13700 USD at the end of June of this year.

What has changed today to post something positive about it?

Ok, you see, sometimes there are patterns that repeat over time and usually indicate a change in the market trend.

One of them is what is called **"Divergence"** and this is when the Candle-sticks graph of a certain asset or crypto etc, in any of its temporary forms makes a movement that is not accompanied in trend by any of market indicators such as MACD or RSI. Personally I prefer RSI than MACD, in my opinion RSI is more accurate to indicate divergences.

What is happening today with BITCOIN in the 4 hours time frame is called  **"Bullish Divergence"**

Essentially, we have a **bullish divergence** when the price makes lower bottoms on the chart, while your indicator is giving you higher bottoms. After a bullish divergence pattern, it is most likely to see a rapid price increase, an acceleration upwards.

Exactly the case of BITCOIN during the last few days:

![](https://cdn.steemitimages.com/DQmXFzT2giBxpUBDqNqD2RSG4khdxnmARetRGa7V7bs8tLo/image.png)

Yes man, that is a good Divergence Signal... The only problem now is the VOLUME, which seems to be frozen around 20b USD since weeks already.

Maybe I'm wrong, maybe this time will pass without any relevant move but, I don't know, I felt in my guts I had to share this with you today...

Hoping to see that "sudden" increase of volume and so the rapid increase of the price in the whole market, again.

@toofasteddie