NOTE: I am not actively trading this. I don't like to short bitcoin, so I move out of it when I am expecting it to go down, this is just my thoughts on its presence in the market at this time.
RSI, MACD all sloping negative. No divergence indicators. BTC is trying to break back above the bottom of the previous descending triangle. But lots to indicate it isn't acting like the alts are right now:
(1) H & S
(2) Breaking down from descending triangle
(3) It couldn't even break the short-term resistance in order to attempt the long-term.
BTC still isn't ready to trade long yet. Look to test a bounce off $12,000 before considering going long.
RSI, MACD all sloping negative. No divergence indicators. BTC is trying to break back above the bottom of the previous descending triangle. But lots to indicate it isn't acting like the alts are right now:
(1) H & S
(2) Breaking down from descending triangle
(3) It couldn't even break the short-term resistance in order to attempt the long-term.
BTC still isn't ready to trade long yet. Look to test a bounce off $12,000 before considering going long.