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DeWit
Sep 3, 2018 7:24 PM

BTC - Take your Profits Short

Bitcoin / DollarBitfinex

Description

All indicators point towards an upcoming decline in the bitcoin price.

-Price reached resistance levels.
-RSI shows price divergence.
-OBV shows volume flowing out of Bitcoin whilst the prices are still increasing.
-MACD is neutral.
Comments
JezTM
forget about RSI divergence - doesn't mean we're going down at all. It's pattern that has played out successfully in a bear market - but does not play out in a parabolic bull move. Shorts at a high + whale eating btc on finex with iceberg buy orders can only mean one thing. UP.
DeWit
@JezTM, time will tell.
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