DSchutz

BTC - 05/15/2019 UPDATE

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Quick update: Starting to see a bearish divergence on the 14 period RSI (higher highs on BTC price, but lower highs on RSI ). This divergence forming at the peak of a large move might be a sign of some weakening, which may lead to a small pullback, perhaps to 7400 where there is at least one point of support (top from September 4th, 2018).
May 17
Comment: Getting that pullback mentioned in original post. 7400 didn't hold up so well, but the daily bar hasn't finished forming, and we may see our next daily print open/close above 7400. For now, this correction is in-line with our previous expectations.

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