Hellork
Short

BTC diverging indicators

KRAKEN:XBTUSD   XBT / USD
Bitcoin made a decent rise today to just over 17K at this writing, but widening divergence on RSI and custom range indicators make it look like it's still in a sideways range pattern. It just completed a major move, and if it does not close much higher today, the highs will line up suspiciously at the same angle (logarithmic) as the highs during the 2013-2014's downtrend. Wherever it goes, timing says shorts should start covering around the 9th-13th.
Kommentar: So, it managed to hit the target. News making people think it will continue on down. Might be able to catch a bounce, if the trading platform doesn't get destroyed by lag. Probably should stay out of the market a while longer...
Kommentar: Still in play.
Kommentar: Note hovering around yellow trend line with breaks up and down. Not buying it unless it gets far away from that line (either direction).
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