Here's a quick look at BITCOIN from a technical point of view. Currently, we are at an overbought level based on the stochastics. Also, noted on the chart, a hidden divergence (Bearish) suggesting a continuation lower to 27851.xx. Now looking at momentum, the daily chart is flat... 4-hour chart is still bullish, and 1 hr is turning bearish. We'll probably see a final push up to our entry level 38046.xx (short) before a move down.
Happy Trading folks!
Cheers!
Happy Trading folks!
Cheers!