TradingView
titaniumdavid
Sep 1, 2017 2:43 PM

Time to Hedge BTC? 

Bitcoin / TetherBittrex

Description

BTC is reaching the apex of a Rising Wedge (4H). Rising Wedges break downward 68% of the time. Bearish divergences in both MACD and RSI signal a correction. DMI is still shows price trending with +DI over -DI, so we have a mixed signal. My view is that BTC is around ATH and RSI in particular is good divergence indicator. Anything's possible with BTC but to be safe, I've moved 1/3 of my BTC into USDT as a hedge.
Comments
KyleSchroeder
well you sure missed that one ;-) jkjk great call
More