ROYAL_OAK_INC

$BTC bounce WEAK, Seeing Positive Divergence BUT... Danger lurks

CME:BTC1!   Hadapan Bitcoin CME
BTC
As you can see, the volume on this bounce is mediocre at best.
This is not what bulls want to see.

The white line is a PREMATURE, SEEMS to be, trend.

Took some trades on last night, didn't post them.
(Personal level) Taking this bounce off already.
At 10x leverage = good enough.
If #BTC goes higher, whatever. If lower, we redo again.

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Daily
RSI hasn't moved. This means that there is no steam, endurance, strength.
BUT it IS showing a nice POSITIVE DIVERGENCE!
Means that the RSI is making HIGHER lows as #BTC falls.

We're very close to finding a bottom. There's maybe 1 more FLUSH of hands.

HOWEVER, BE FOREWARNED!
We're seeing weekly BEARISH CROSSOVER! (Circle)

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.