BTC - Possible bull trap -- be careful.

Evening traders,

Wanted to point out some hidden divergence on CCI and RSI. In addition we had a low volume breakout. This could be legitimate, but I'm still observing before purchasing in.


Key notes:
1) Korea is trading at a premium, gives weight to a legitimate breakout.
2) RSI/CCI showing bearish divergence
3) Low volume breakout.



Currently streaming the situation live @ www.twitch.tv/cryptocrew

Kommentar:

I'm currently waiting to see how this consolidation period goes, as well as any potential action @ 11,600 before making a purchase decision.

Kommentar:

We have significant divergence happening on almost all charts, volume is lacking, a hanging man just appeared on the last 4 hour, and we're at a critical resistance level. Trade carefully. I've made a new chart you can click to interact with yourself.

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Additionally, if we turn on TD Sequential, and heikin ashi candles, we'll observe it's trigger 'Perfect 8 and Perfect 9' sell signals.

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BTC had an opportunity to begin correcting the divergence and was rejected. Please see snapshot:

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CCI still has another 10% or so it could run down, but we could be at the bottom, please see snippit for zones of interest, important to note that the volume right now is insane, and I don't recommend buying until it slows down obviously.

Key notes:

1)Shooting star daily close
2)Had clear bearish divergence past couple of days
3)If the double EMA zones don't hold, BTC is in serious trouble and looking back towards 6k.

Next day will be a big one, try to snag a good buy. Remember, trade safe, trade wise, and trade conservatively!

Trade wurde manuell geschlossen:

Updated idea: