Dojistar2017

BTCUSD; RSI diverges positively; Higher high needed

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In the last analyses I pointed out possible positive divergence by the RSI indicator which is a stronger sign for a bottom. With the Bollinger Bands indicator narrowing a bigger move may be on it's way, and wthis tiome it could go north.

The best sign for this is when bulls can set a higher high on this daily chart (a move over the latest lower high around 6850). Expect an attempt for this if the downward sloping line gets taken out around 6510, first resistance.

Support is seen at 5850 and could be seen if 6510 continues to see problems. A move over 6850 implies a run at the next downward sloping line, around 8300.

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