Rashad

Force Index Shows Bullish divergence in Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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-Both Force 13 and Force 39 show Bullish Divergence . Possibly Bitcoin             could turn up soon.
-Market has been quiet lately, bigger move bound to happen soon
-Slightly Bullish divergence visible in the price

Benjamin Graham tells us to sell to the bulls in an overly optimistic market, and to buy from bears in an unjustly pessimistic market. Quite Frankly a New Years Crash after a year of developments and major adoption in Bitcoin             despite its volatility and declining price would be unjustly pessimistic. Although Bitcoin             could decline further, it will be short term if does happen. We will have to wait to see how many bearish indicators the Bitcoin             trading community can draw before speculation drives the price down possibly further, or if investors looking to scoop up cheap Bitcoin's will drive the price back up again.
There was a massive build up of bullish divergence every now and then in the past months. As long as it's not visible to everyone in a bullish price it has no lasting effect. For example at $400 the bullish divergence was super strong. Where are we now? $310.
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