Quote from: coiner495 on November 20, 2017, 10:07:15 AM

Technically bitcoin doesn't look so awesome in short term. It's overbought.

Divergence between new highs and RSI oscillator indicates that bulls are not that confident in further growth.
Small volumes of trades on new highs also means that big players are not participating in that.

none of these mean anything for bitcoin and it certainly doesn't mean traders are not confident about further growth. it just means the rise is slowing down temporarily, which is most probably due to accumulation phase kicking in. and soon the rise will start with the same fast speed again.

like always...

Quote

Only one bad news is enough to break the balance.

that is always true, it has nothing to do with current charts!
a bad news is always causing some drop, based on the news itself it is sometimes big like 20 to 30% and sometimes small like 5%-10%