ROYAL_OAK_INC

$BTC bounce WEAK, Seeing Positive Divergence BUT... Danger lurks

CME:BTC1!   Bitcoin CME Futures
BTC
As you can see, the volume on this bounce is mediocre at best.
This is not what bulls want to see.

The white line is a PREMATURE, SEEMS to be, trend.

Took some trades on last night, didn't post them.
(Personal level) Taking this bounce off already.
At 10x leverage = good enough.
If #BTC goes higher, whatever. If lower, we redo again.

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Daily
RSI hasn't moved. This means that there is no steam, endurance, strength.
BUT it IS showing a nice POSITIVE DIVERGENCE!
Means that the RSI is making HIGHER lows as #BTC falls.

We're very close to finding a bottom. There's maybe 1 more FLUSH of hands.

HOWEVER, BE FOREWARNED!
We're seeing weekly BEARISH CROSSOVER! (Circle)

Haftungsausschluss

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