TradingView
johnrfraser
Feb 27, 2015 5:49 PM

Flag, Pendant or Nasty Divergence? 

Bitcoin / DollarBitfinex

Description

This is confusing.
A big flag or pennant has formed which I would normally be inclined to trade for a break upwards...but the price and the stoch rsi are showing serious divergence. macd is is beginning to also.
Would you agree the divergence overrides the pattern? Making this a short?
More