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St0n

BTC capitulation is in?

Bitcoin (BITFINEX:BTCUSD)  
St0n Updated   
BITFINEX:BTCUSD   Bitcoin
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BTCUSDLONGS just took a hit. Capitulation is in the air.

I'm still bearish long term, but expect a bounce up to the RES trendline around 11-12k$.
At that point it'll be a make or break.

Moderately strong bullish RSI divergence on BTC on 4h.
Keeping my eyes peeled.
Order cancelled:
BTC didn't complete the divergence on the 4H. Instead broke through tend on RSI.

Probably can be attributed to news of China completely banning foreign cryptocurrency trading platforms.
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