graham.edwards84

BTCUSD double top false breakout?

graham.edwards84 Updated   
BITFINEX:BTCUSD   Bitcoin
I am being cautious here and waiting for a clear signal to go long.
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looks to be breaking out now.
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going long target 7400
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cancelled trade and back out...
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will wait for a clear entry signal
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just back in now trade active
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now it looks to be flagging and I'm feeling more comfortable with the trade... try and figure a target now
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get ready to be out though. it could be a false flag event... lol
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it's too variable right now... i'm out again
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notes if you click on my chart

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so is the 20 MA going to have a nice bounce higher off the 50 or will it pass through to the downside?
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just another reason why I'm cooling off on the bitcoin family...

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good divergence on the stochastic RSI here. It seems like ETH is correcting down from BTC moves up yes,... but the proportional correction down has been smaller than the rise on BTC if you get my meaning.
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notes if you click on the chart

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