what about the massive divergence of the rsi!?!? that scares me for a massive correction.. last time there was that kinda divergence if you look back price went back to 1800. I don't expect that type of drop but rsi says down!
Mob_Boss44
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@Playj, I'm agree it will drop soon from its current high, but then It will reach a new height if it follows historic trends which I also tend to believe.
Playj
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@Mob_Boss44, didn't see this I agree with you on that I'm def not bearish long term btc just needed this downmove to build a stable support zone
Mob_Boss44
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@Playj, a massive divergence in BTC does not scare me. In fact, it makes my bones tingle.
nlizotte
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Head and Shoulders Fail on 15-45 minute charts -> bull confirmation for now, structure maintained on the Island bottom for the retrace.
There is still a highly bullish presence on the 3 drives, making its way for the 3rd drive near 5000.
Mob_Boss44
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@nlizotte, quite right. until I see an indication of a trend reversal which should be any day now.
tradeshero
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@Mob_Boss44, Trend reversal? what makes you think there will be major downtrend?