revisiting my old friend bitcoin the recent run up demands some digging on the long charts
the 1 week (not listed) has a flat MACD and weaker RSI when compared to last 2 runs up
this 1 day we can see how the MACD does reflect a bullish divergence and this run up but it is already losing steam
with a bearish formation taking place off those 2 recent MACD measurements, looking for key candle low from 04-16-17 price 1150
1150 and I will put a small bet on the short side and update this trade idea with some key fib levels to exit
the 1 week (not listed) has a flat MACD and weaker RSI when compared to last 2 runs up
this 1 day we can see how the MACD does reflect a bullish divergence and this run up but it is already losing steam
with a bearish formation taking place off those 2 recent MACD measurements, looking for key candle low from 04-16-17 price 1150
1150 and I will put a small bet on the short side and update this trade idea with some key fib levels to exit
Note
Trade closed manually
it truly is historical how strong BTC isgood times
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.