BTC market formation

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
revisiting my old friend bitcoin the recent run up demands some digging on the long charts

the 1 week (not listed) has a flat MACD and weaker RSI when compared to last 2 runs up

this 1 day we can see how the MACD does reflect a bullish divergence and this run up but it is already losing steam

with a bearish formation taking place off those 2 recent MACD measurements, looking for key candle low from 04-16-17 price 1150

1150 and I will put a small bet on the short side and update this trade idea with some key fib levels to exit
Trade closed manually: it truly is historical how strong BTC is

good times

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