As a neophyte in the technical analysis game, I'd like to share my thoughts on BTS/USD. I do have a stake in Bitshares however, this is as unbiased as I could possibly make it. Not adverse to bad news in fact, waiting for it to dip lower from it's current position so i can DCA my position even further. Let me know what you think, what can be improved, etc. Thanks.
Just noticed the bearish divergence before the last drop. You'll notice that the price increased from the first peak at 5/7 19:45 to the second peak at 21:15, but at that same time the MACD moved lower. That would have been a great warning before the drop from 3189 to 3116.