BITFINEX:BTCUSD Bitcoin / Dollar
BULLISH DIVERGENCE IS INDEED DEVELOPING , SHALL WAIT AND SEE :). As seen on the chart we are in a downwards channel.(POSSIBLE OPPORTUNITY TO SHORT HERE ?) There is a lot of uncertainty and I prefer to not have any positions ATM. If it is indeed a , prices should bounce back up after reaching the blue box region. IF YOU THINK IT MIGHT GO FURTHER DOWN PLEASE COMMENT :D If prices reach the blue zone I will not buy immediately. I would rather wait for signals using the indicator.
Comment: Both downwards and upwards break out are all possible. Note that a strong bear signal is shown by the ichimoku , we are likely going to see new lows around here.
Comment: Possible upwards break out today
Comment: prices touching the major resistance ( cloud in ichimoku indicator )
Comment: Just ascending triangle formation on Bitstamp