tradersnest

BTC Daily RSI BEARSH DIVERGENCE

Long
tradersnest Updated   
BITSTAMP:BTCUSD   Bitcoin
Bearish divergence is in place, traders should be cautious. New Resistance at ATH and upper trend line. Volume is somewhat low for the type spike over the weekend.
Holding long position for more clarity.
Comment:
Divergence still in Play. BTC need to CLOSE above upper trend line in order to advance.
Trade active:
RSI no longer relevant. Very strong market. Stay long this pair target 8078 which is the 1.618 extension of September low.

The most Regretted trades are the ones not taken.
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