Bitcoin [BTC] - Update 02/04/2018

Seems we try to stay above 7K but I am not holding my breath. Too soon to tell anything. My sentiment is still bullish but - as I said before we went to 6.5 - I have become more bearish when we broke 6.9 for longer than a few hours. Still mostly bearish for only the short term though.

Talking about short term... Here is the latest and last instalment of the value of divergence between RSI and price. Not looking to start a debate about it or the value of TA etc. I hope some people find it interesting and they can see if it can actually help them in the future. Read about it and find out if it can help you make better (day/swing) trades. It works for bullish and bearish scenarios.

Last 3 times we had divergence on the 4hr and how it MAY look moving forward

This information is for educational purposes and is not a investment recommendation nor to be representative of professional expertise, but to be used as a forum for opening discussions around trading. All examples and analysis used are for illustration purposes only, and of the personal opinions of the author. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading in crypto currencies can be substantial. If you want to know what to do, you need to ask your mother. For predictions of the future, consult a psychic.