cozzamara

Bitcoin: MACD crossed and RSI diverge

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
286 0 6
Bitcon encountered suport there. If indicators fail will dip lower. Let's see how it will react to that low its makine. lol
Comment: Lot of bearish pressure but slowly exausting
Comment: Price seems to go against indicators. Dip further?
Comment: Looks like it wants to go at 10.140 if it dive again after contraddicting indicators.
Comment: But for the time being it appears BTC is listening to them and hold that little support. lol
Comment: Ok confirmed at 10500. Round number. Good. Let's see what is up to.
Comment: Really fighting to stay above that support
Comment: In low timeframes it is going into positive RSI which would help to stay up but so far it is only crossing with impulses for the upside. It must stabilize above RSI on short- term if we want to see BTC hold support and come back towards previous support at 11K.
Sorry but I just write what I see and I may be wrong therefore always be carefull because I am not a professional trader. Thank you for following and enjoy the ride.
Comment: It made an high lower than the previous one and pressing on 10.500 again
Comment: Bad signal, it should have made an higher high if he wanted to stay above. Let's see
Comment: If it does not hold at that level don't know. Sorry I gotta go, dinner is ready.
Comment: Still holding? Good.
Comment: Don't look good. lol
Comment: It's going to make a deep low
Comment: A come back from there could be spectacular. lol
Trade closed: target reached
Comment:
Comment: Should make a double bottom there and then spikes up.
Please note that I am not a trader and these are my views only.
Enjoy the ride. lol
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