BTCUSD - Bearish Divergence - Quick Short

7 giu 2017

BTCUSD 4hrs Bitstamp showing bearish divergence, RSI is still in oversold region a bit.
It will try to bounce of the fib levels.

Check out the bottom blue horizontal line on RSI indicator, once rsi touches that, it should indicate the bottom of the dip and move back up again.

7 giu 2017

Trade attivo

BTCUSD continues dipping with progressive increase in selling volume.
RSI however has returned from oversold on 4hrs timeframe.
I expect it to continue dipping as there is more selling pressure in market.

12 giu 2017

Trade attivo

So BTC had a sharp fall. Selling Volume looks good too. Next few candles will be interesting.
RSI has touched the bottom blue line for now in 4hrs timeframe

However, its still resting over ichimoku cloud , hasn't broken it. So it can bounce up from here.

It has formed a double top but will it break the neck line?

12 giu 2017

Trade attivo

And here we go. Huge BTC drop. Patience pays off.

Double top formation in 1day time frame, broke the neck.

Candle is lying at the bottom of kumo cloud in 4hrs frame.

RSI heading in oversold region.

Bottom should should be 2250 if it dips further from here

13 giu 2017

Trade chiuso: obiettivo raggiunto

Closing this for now . 1st target of 2500 was hit.
Price bounced off bottom of ichimoku cloud. Price returning from oversold region.

Will reassess later.

16 giu 2017

Trade chiuso manualmente

BTCUSD price has followed exactly as I predicted. If anyone of your followed this graph, might have been pretty fruitful :)