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PetePel
Apr 13, 2018 4:26 AM

BTC -13 Apr 2018 - Breakout of Triangle - Target 8900 

Bitcoin / DollarBitfinex

Description

Expecting pull back to downward trend line before ascending...

Trade closed: target reached

Comments
HoudiniX
TO 7.3K ?
PetePel
@QueenBx, Probably only 7600 short term. old resistance is now support
mhfcrypto
The BTC 15m, 30m, 1HR all seem to be presenting Bearish Divergence on RSI (14 day) and MACD.

Can you please comment with your thoughts?

Many thanks :-)
PetePel
@mhfcrypto, rarely do all the different time periods agree... stick with one RSI period to trade, if you are a day trader try the hourly RSI. Keep in mind most of these 'indicators' like RSI were designed for daily charts. And also the hourly RSI will be expected to fluctuate 24x more than a daily RSI
mhfcrypto
@PetePel, fair enough. Thanks for the help and comment :-)
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