CryptoSqueeze
Short

Bitcoin Fractals and Bearish Divergences

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Okcoin's quarterly futures has been quite bearish and the premium hasn't recovered after each dump despite the spot price recovering and rising.

It's premium is actually now lower than that when the new quarterlies was opened.

This is something worth noticing despite numerous good news which includes:
1. Segwit (which might never get activated due to BU hash)
2. Yuan devaluation (which is bullish for BTC             . but hasn't prove to be so this time)

My current sentiment is neutral to bearish .
I would have been full bearish if it wasn't for the 2 points above.
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