Short BitcoinsteemCreated with Sketch.

in #bitcoin • 7 years ago

Bitcoin's recent run looks like it may have reached capitulation..

Daily Chart

Screen Shot 2017-08-15 at 2.25.27 AM.png

Indicators:

Stoch- Overbought
Bollinger Bands- Overbought

OBV- Above trendline but bearish divergence
Accumulation/Distribution- Above Trendline
Overall Volume- Low

#cryptocurrency #finance #btc #investing
7 years ago in #bitcoin by
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     7 years ago 

    Shorting Bitcoin is usually not the best thing to do. It follows no usual tricks of the trade and can surprise on the upside, extremely. Better to accumulate during weak times and, if needed, sell some during peak moments.

    [-]
     7 years ago 

    Thanks for letting us know, I think I will sell some BTC.

    P.S
    I have a SBD giveaway happening on my latest post, check it out to win a few SBD

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      [-]
       7 years ago 

      Np, buying may rotate to Ethereum- check out ETH/BTC. And of course, do your own research, too.

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         7 years ago 

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