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njmanura

Technicals indicate pullbak

Bitcoin (BITSTAMP:BTCUSD)  
njmanura Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Bitcoin (Cryptocurrency)
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trendanalysis indicator bitcoin
Contrary to popular bullish sentiment, technicals indicate weakening of bull strength as this is approaching 0.618 fib. I may be wrong and Bitcoin could go to 16000$, This is bitcoin after all.
1. Bearish divergence in RSI
2. Volume is decreasing.

I have closed all my long positions and waiting in the sidelines
Comment:
Don't go short
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