1) There is bearish RSI Divergence that seems ready to be broken. On a longer time perspective RSI is trending up (Red line)
2) Price closed above the channel but closed inside the pitchfork on this occassion tradingview.com/chart/8FmpZ8EH/
3) From the Dec-Jan High-Bottom, the Fib extension first hit 1.272 and pulled back to 0.382 and now we are spot on 1.618.
4) The 150 D SMMA (or 300 D MA) is a great indicator (especially on BTCUSD - BTC-e). Acts as great support and resistance, as well as directionally (this can be seen since late 2012). I've observed than when the price is 540-550$ above the MA or 75-85% above, the price pulls back.
5) The price is out of sync on most exchanges and there are no good or bad news (no news are bearish for the long term, bullish for the short term)
I am very bullish Bitcoin overall, but fundamendaly, there are some valid short and long term concerns on many and various aspects.
Good luck and soon... To the moon!
2) Price closed above the channel but closed inside the pitchfork on this occassion tradingview.com/chart/8FmpZ8EH/
3) From the Dec-Jan High-Bottom, the Fib extension first hit 1.272 and pulled back to 0.382 and now we are spot on 1.618.
4) The 150 D SMMA (or 300 D MA) is a great indicator (especially on BTCUSD - BTC-e). Acts as great support and resistance, as well as directionally (this can be seen since late 2012). I've observed than when the price is 540-550$ above the MA or 75-85% above, the price pulls back.
5) The price is out of sync on most exchanges and there are no good or bad news (no news are bearish for the long term, bullish for the short term)
I am very bullish Bitcoin overall, but fundamendaly, there are some valid short and long term concerns on many and various aspects.
Good luck and soon... To the moon!
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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.
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.