Post
Topic
Board Speculation
Re: update: 11/30/2015
by
Morecoin Freeman
on 01/12/2015, 22:15:28 UTC
The thing about divergences on technical indicators is that they're all lagging in terms of displayed information. What looks like bearish divergence now may get destroyed, but there is no way of knowing until after the fact.
Yes, I agree. Particularly strong trends remain overbought or oversold for extended periods.
Bearish divergence could trick you into betting against the trend at the wrong time.

The price action is in a bullish channel. For now my exit strategy is at ~$350.
Good moment for buying and holding because we are aiming for higher prices.

(BITCOIN PRICE INDEX $360.91)