tecknit
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Breakout imminent?

BITSTAMP:BTCUSD   比特幣 / 美元
134 3 7
Not counting out the bear scenario just yet, but the bullish indicators seem strong
I like your chart,and I have followed you. I hope you can Follow Me at the same time.



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One thing is surprising in the chart. Look at the RSI indicator and price. One has gone down and other has gone up. I think it is called bearish divergence. Though, can you look and update the chart? I am baffled at this movement. Difficult to predict any strong movement.
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tecknit Vcblock
@Vcblock, You can call it both bearish divergence or bullish divergence - it is just a matter of perspective because the RSI is forming a symmetric triangle. Right I agree it is difficult to predict the movement, so that is why I said i ain't counting out the bear scenario. However I am biased towards bull because of the overall sentiment right now - no more major negative news, news about major whales coming in, tax season finally concluding.
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