quantguy
Long

BTCUSD Preparing for Another Breakout?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Its hard to believe that BTCUSD             may still have some in the tank for yet another rally, but there is a great deal of consolidation around the level formed from the heads and tails of the candles around 465. The RSI and MACD indicators both suggest that this asset is way overbought, but at the same time, the OBV indicates there is still buying pressure. Further, as you see in the attached article, there is a lot of media fanfare about this rally.
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