graham.edwards84

BTCUSD double top false breakout?

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BITFINEX:BTCUSD   Bitcoin
I am being cautious here and waiting for a clear signal to go long.
Komen:
looks to be breaking out now.
Komen:
going long target 7400
Komen:
cancelled trade and back out...
Komen:
will wait for a clear entry signal
Komen:
just back in now trade active
Komen:
now it looks to be flagging and I'm feeling more comfortable with the trade... try and figure a target now
Komen:
get ready to be out though. it could be a false flag event... lol
Komen:
it's too variable right now... i'm out again
Komen:
notes if you click on my chart

Komen:
so is the 20 MA going to have a nice bounce higher off the 50 or will it pass through to the downside?
Komen:
just another reason why I'm cooling off on the bitcoin family...

Komen:
good divergence on the stochastic RSI here. It seems like ETH is correcting down from BTC moves up yes,... but the proportional correction down has been smaller than the rise on BTC if you get my meaning.
Komen:
notes if you click on the chart

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