TheDots

Technicals look very bad ATM

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BITSTAMP:BTCUSD   Bitcoin
Massive DIV in both RSI, MACD ans Volume on the 4h ++ now - if T.A. is your trading game, the picture could not get more clear imo.

Of course, we might get some market manipulation here due to the ridiculously low volume, but this is a game of probability,
it damn sure looks like a solid downside move is the most probable.

My trade ATM is a small Short from 46300 with SL 52k and TP 30k (I always take profit according to the Kelly criterion, so I will close most way before 30k).

Vertical lines represent long (blue)/short (red) positions based on concurrent DIV in RSI and MACD on the 4h*

Also see my linked post on the global risk state for a broader perspective!

DYOR.
NFA.

I wish you all well!

Neer take the word of others as a given - and never take advise from someone who has nothing to lose by giving it!

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