MTGOX:BTCUSD Bitcoin / U.S. Dollar
I can't remember seeing such a disparate price and divergence in recent memory. The is not alarming but the divergence alone is. Look at other signs/indicators that you follow. The guys have mentioned us coming against a wall as well. And we are just below the 100 day as well. turning down. We are sitting below key resistance levels as well. I would not go long here but watch closely.
Well, that was quick but we'll see where things go. Of note, look at the divergence that also took place in late May & Early June and the ensuing drop. Another member mentioned to correctly use MFI the stock should be trending, which we weren't. I will take that advice in but also note the "success" with no trending (if this correction continues).