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BTCUSD Update: Bearish Divergence Part 1

BITSTAMP:BTCUSD   Bitcoin / Dollar
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While there is no outright sell signal in-BTCUSD on this daily chart , there are some warning signs for caution.
Since Labor Day-BTCUSD has been sideways.
On this daily chart there is a buy Fractal (green box).
Yet there still is a downward bias in the trading channel, and BTCUSD-has not made a meaningful move above this down channel .
The top indicator (RSI/ Stochastic ) is beginning to roll-over ( bearish cross).
The 5/34 MACD (middle) is weakening.
The phase energy (lower top) has it first red bar in the recent rally attempt.
CHOP (under chart) is still within the shaded area - indicating no trend.
CHOP ZONE is still green.
All of these signals remain mixed, but the four hour chart is far more negative.
I will publish this next.
Don.
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