NOTE: I am not actively trading this. I don't like to short bitcoin , so I move out of it when I am expecting it to go down, this is just my thoughts on its presence in the market at this time.
RSI , MACD all sloping negative. No divergence indicators. BTC is trying to break back above the bottom of the previous descending triangle . But lots to indicate it isn't acting like the alts are right now:
(1) H & S
(2) Breaking down from descending triangle
(3) It couldn't even break the short-term resistance in order to attempt the long-term.
BTC still isn't ready to trade long yet. Look to test a bounce off $12,000 before considering going long.
RSI , MACD all sloping negative. No divergence indicators. BTC is trying to break back above the bottom of the previous descending triangle . But lots to indicate it isn't acting like the alts are right now:
(1) H & S
(2) Breaking down from descending triangle
(3) It couldn't even break the short-term resistance in order to attempt the long-term.
BTC still isn't ready to trade long yet. Look to test a bounce off $12,000 before considering going long.