Nick_Core
Long

₿itcoin Cool Down and Bull Trend

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Seeing some small divergences on the OBV, MACD , and RSI the last push on the Bitstamp BITSTAMP:BTCUSD             and Bitfinex BITFINEX:BTCUSD             15 minute. TD             count shows a exhaustion cycle coming to an end soon on the 15 minute but exhaustion cycles have been unreliable on ₿TC lately. Hourly and and higher time frames don't show the divergence but do show that a cool down is needed to at least the two local support levels shown on the 15 minute PINK support lines. Volume is your friend to find which one we bounce on so stay glued to it when we approach them.

Bitfinex 15 minute indicators
Bitfinex Hourly
Bitfinex 4 hour


I am expecting a cool down and then a continuance upward. One thing to note is the volume levels have remained on par with the rally as far as the CMF             is concerned. We are seeing heavy buying pressure still but do show a minor weakness in strength. I never under estimate ₿itcoin though. 27k by Near Years


https://www.tradingview.com/chart/BTCUSD/HMWCWQ2r-Itcoin-27-000-plus-by-January-1st-Itcoin-New-Years-Party/
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