Gouws199
Short

Bitcoin Diamond Top - Not Shorting But Selling Spot

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
CMF/OBV Divergences on the 2 HR chart. Same across different timeframes.
Diamond top also forming, with the divergences adding to the probability of a pullback at least to the 0.236 Fib line. Although, this might setup a H&S top, leading to further drawdown and a proper correction to this massive move. I will not short this, but I am looking to sell some spot buys. Let's see...
May 18
Trade closed: target reached: Target hit ;) I took some profit around 7k, but added more on this current pull back at around 7400. Check my latest Idea post for the new analysis. Still short
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