Lol, thanks for telling me exactly what I wrote. The point is that the bearish divergence already resolved itself with both price and the RSI making a lower high. The hidden bullish divergence (signal of trend continuation) has not resolved itself yet.
But divergences aren't everything as we've seen this whole rally. The trick to Bitcoin trading is actually child's play because the market gives you so many beautiful triangle consolidations. Trade the triangle breaks = profit. Stoploss at breakout point in case of a fakeout. So the correct play was to buy at 455-465, and sell at around 755 when the triangle broke down. It sounds easy in retrospect but it's exactly what I did so it must not be too hard.
"Buying the dips" or pullbacks is actually not the best strategy in a rally like this because the price never reaches your targets, until it blows past them as the bubble pops.
Divergences have gone right to the back of the things that I look at for a trade setup after this rally.......divegences aren't for trending markets, unless u can pick a divergence out on a scale that places the trend within a 'range'.....
....but if I were to be looking for a position short here, based on that divergence, then now that the divergence (shown on chart) has confirmed, I would be looking for a pullback, which may see the MACD cross back inot positive territory, or may see the RSI go up to test the old high, and hopefully fail, without putting in another divergence (i.e. price taking out old high while RSI weakens).
...I had my eye on the 'break'...and bought at $475....sold at $525.......and just kind of pissed over my shoes in and out, ever since....the worst was me predicting $677 Bitcoin at upper $500s, but refusing to jump in until $540 38.2% retest....didn't come....this shit is the cause of much anxiety and frustration...still $1000 richer in fiat terms since the pump began (which is better than a kick in the teeth)...but am able to control a considerably smaller BTC position than I was before it, obviously.