Damako

BITCOIN - Bearish Divergence in Volume

BITSTAMP:BTCUSD   Bitcoin
Bitcoin Uptrend is still intact, but the volume is decreasing.

I'm not the only one who sees it. and even with other indicators there is also a bearish divergence to be seen, like RSI and MACD. however bitcoin is still on Upside trend, but we must not only look at the upside trend, we must also look at its possibility in the downside trend.


"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan


Penafian

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