ItsAboutSharing
Short

Price Drop Alert - Money Flow Divergence

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
373 3 3
I can't remember seeing such a disparate price and money flow divergence in recent memory. The volume is not alarming but the divergence alone is. Look at other signs/indicators that you follow. The Gann guys have mentioned us coming against a wall as well. And we are just below the 100 day ema as well. Stoch 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).
Reply
This likely because of the mtgox fiat removal issues.
Reply
I approve this message! There are quite a few indicators showing this divergence.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out