Bear-divergence on BTC

2017年5月9日

Bear Div, looking for a tag of the 50EMA at the 1200-1300 area.

Simple set-up.

2017年5月9日

註釋

Just wanted to add, this was charted on the 1W, and should play out over the next few weeks.

Any over-extension from this level is a short opportunity.

2017年5月12日

註釋

RSI cracked hard, will look for a tag of the 100EMA around roughly the 1200-1250.

"Percocet, Molly Percocet" - Future

2017年5月22日

註釋

Lesson learned here, is to never bet against bitcoin.

Finding bear divergences using any technical indicator won't help. This is tulip mania on steroids.

We could be at a million dollars tomorrow.