Hidden Bearsih Divergence
As you can see, RSI managed swing higher and closed slightly higher than before (Oscillator Higher High), while 
BTC price made Lower Highs (LH). It's an indication that market signalled price decline will continue. But remember, it's just a signal. We will need to wait for confirmation. in this case wait for RSI goes to bearish sentiment (below median 50). Specially for this chart, RSI is lower than 40 or 35 indicates the decline continues.
This divergence is invalidated if RSI managed to make higher swing (>60)
I don't think it's the time to make a new long.
BTC price made Lower Highs (LH). It's an indication that market signalled price decline will continue. But remember, it's just a signal. We will need to wait for confirmation. in this case wait for RSI goes to bearish sentiment (below median 50). Specially for this chart, RSI is lower than 40 or 35 indicates the decline continues.This divergence is invalidated if RSI managed to make higher swing (>60)
I don't think it's the time to make a new long.
Nota
forgot to mention, in addition to RSI swing higher than 60, price also swing higher than 12190. then divergence is invalidatedNota
posted this TA before end year of 2017.
Nota
there's no reversal signal so far..Nota
no reversal signal, yetadded green box, our long term support. expect bounce here or if it doesnt hold, bear market is real.
not making any long yet
Nota
perfectly touched green box and bounced. but, it's not a reversal yet. not sure for now. just enjoy the profit
Nota
just updating some key points.. not price action
Nota
for me 10336 is the most important levelNota
Market is signalling reversal. I think it's time to watch for exit level of this short Nota
4H chart is giving bullish divergence.
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.