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I have bought in at $600, but am ready to bail back out should the break out fail and simply result in the final high of the leg up from $460 as posters such as ibankbitcoins suggests
I was quoted. Successful kid meme. More seriously. 600 dollar resistance didn't seem to stand a chance. Breakout was strong. I expect 700-710. My second target
Big question is, what do you expect between now and then?
Bitcoin has experienced a huge rise, $440 - $630, without any meaningful retracement (yet). All my fav indicators are kind of maxed out and scary. RSI is showing negative divergence on shorter time frames, The OBV which you have brought my attention to is also for the first time in a while, showing that the recent $630 high is 'not confirmed'..........I am cashing out for now.
Yeah, what do you guys think on a bearish divergences on 15 min chart (volume and RSI)? I semi-accidently sold around $582 (old forgotten order fulfilled
) and now hoping for retracement to buy back at that price. I am trading in market with very small liquidity so buying back even my very modest investment without raising the price is not easy. OTOH you have to buy back quickly in the bull market.