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jawpilot23
Jan 2, 2018 11:31 PM

1 day / mixed signals leaning bearish 

Komodo / BitcoinBittrex

Description

Not a particularly easy graph to read but I think there's just enough to go on.

1/ volume is lower than on the previous big pump, though it was even lower when hitting it's ATH

2/ potential bullish consolidation with price range bound between 0.786 and 0.618 fibs acting as resistance and support

3/ tenkan and kijun hugging until the last few days as the tenkan started pushing up, potential breakout signal

4/ bear divergence on RSI from June ATH to current high

I would be careful to assume bearish but if the 0.618 fib breaks lower seems likely.
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