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mrmeeseeks
2018年5月1日午後4時22分

Bearish Divergence Coincides with Break into Lower Channel of BB 

Bitcoin / United States DollarCoinbase

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Hi all!

Going to keep this update quick.

Looks like we're seeing a bearish divergence on the 4HR RSI that coincides with a second test of the Bollinger Band's lower channel.
Could see us retesting the top of the downtrend resistance-turned-support line between $7900-8250.

Conclusion:
We're in no mans land.
- Definitely do not open any longs here
- Definitely do not open any shorts here

If you can't handle the risk associated with a fall back into "bearish" territory, consider shaving off some of your position here.

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Larger timeframe outlook for reference. Doesn't look as horrible on the daily, but the divergence is still there.

Be careful trading!!

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Squiggly line prediction doing pretty well
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