Are you still short on this? The momentum and the amount of short positions combined makes me feel like a big 1000 price rise is on the horizon. What do you say?
AlphaMex
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@welcome_universe, I add some more shorts at 6072, if we goes up I will close them with a 7% loss.
FerroIgnique
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@This_Guhy take a look at the ideas. May people are noticing the bearishness forming.
I think the Stoch RSI might have some seam, but when it finally crosses over bearishly the bearish divergence on the price action and RSI will be very painful. For you.
AlphaMex
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@rpamundson, there are biases among people, when it's trending, the divergence can exist for many many times before the real reversal, I am still struggling how to use a divergence.
FerroIgnique
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@ScarlettWang, look at tops for bearish divergence and bottoms for bullish. When I started I would chart my lines then hold my index and middle. The left hand is strong (<), the right hand (>) is weak; when the price action is stacked on top of the indicator. Again, looking at the tops of the indicators and price for bearish and the bottoms for bullish. What I see here is a seriously weaking uptrend on the price because the RSI set a lower top, moreover the stoch rsi is poised to turn down. Now, the divergence could continue to develop, but I'm sure its pop. I've got a stop waiting if it does.
AlphaMex
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@rpamundson, hmm make sense, let's see, interesting POV. Thanks
LA_TRADE
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fidelity will change crypto market forever we are crosing a historical time in bitcoin do not go short.