BTC rallies - STRAT loses

Jul 23, 2017

Watching Strat closely..I figure if BTC continues to rally and we continue closer to full segwit activation money will flow out of some alts and into BTC . MACD might converge on the 4h, we were overbought and now starting to trend down. My signal here is the 4+8d moving average line crossing the 18d average to confirm a reversal. This might present a nice opportunity to short and/or buy low if we see the downtrend continue. Possible H&S forming too might turn a good opportunity later on as well.

Let me know your thoughts below!