BTC:USD double top?

16 Nov 2017

I would like btc to go up - although not to fast; that is always dangerous - but I am suspecting a double top might be forming. Technical indicators possibly show divergence, as the volume in current recovery is not on par with the volume pushing to original climb. I used the 4hr chart here, but the daily chart shows this divergence much stronger even. I suspect BTC might be going to take a dive back into it's rising channel (which it is currently exceeding) and perhaps even seek the bottom of this channel, around $5500

16 Nov 2017

Nota

Might be nothing, but a rising wedge is forming towards former heights...

17 Nov 2017

Nota

tradingview.com/x/xJG9ZRCR/https://www.tradingview.com/x/xJG9ZRCR/

17 Nov 2017

Nota

21 Nov 2017

Nota

Bitcoin seems relentless! Despite that, I am still reading divergence in all indicators. Less and less buyers are pushing this price, and soon we will see a tipping point I think. So far, Bitcoin is still trading within its steep channel, so the current growth is not exceptional either, despite it breaking old record heights.

25 Nov 2017

Nota

Bitcoin is relentless! Feels like a false alarm. Or at least, an alarm way too early! Because the same divergence is still showing on the 4hr charts

This is not the kind of scenario where I'd go short, but I will be ready in case a correction occurs.