BitCoin - Stochastic indicate over bought conditions in a secular down trend = Excellent shorting opportunity!
The red arrows shows when the Stochastic indicator is over bought (above 80), corresponds with great exit opportunities in a secular decline (started Dec '17 and ongoing).
Failure to break convincingly above US$6,800, adds weight to the above.
The red arrows shows when the Stochastic indicator is over bought (above 80), corresponds with great exit opportunities in a secular decline (started Dec '17 and ongoing).
Failure to break convincingly above US$6,800, adds weight to the above.