Note also the KVO has broken below its mid-line(the yellow line) .
What's this KVO Business ?
The KVO indicator tries to determine the long-term direction of the while still being sensitive enough to detect short-term movements. This is done by comparing the with the price movement. The indicator then plots the results as an easy to interpret oscillator. The KVO also notifies of trend changes when it breaks above or below its mid-line,
More KVO info
Can BTC fix this divergence ?
Yes by moving above 9800 at the minimum. BTC would not be out the danger zone but such a move would put BTC above the first major resistance at 9750 .
Such a move will also move BTC out of the in the graph below that BTC is currently stuck in.
BTC previously broke out of the and hit above the upper trading boundary at 10300 , and then promptly fell back into the trading range and back into ! whats up with that ?
What to do if i still in ?
Best to wait for a break of 9250 and use this as a stoploss , as if the 9250 area breaks I'd expect a swift move to the 8700 area at the minimum.
To avoid bull traps if trading id wait for a break out of the trading range at 10100 at the minimum