Community post
Bitcoin interpretation: Bitfinex BTCUSD (30 minute chart) 4th June 2018
Bitcoin showing Bullish divergence here with weaking bearish waves both on price and volume. A MACD classic bullish divergence is also visible.
Contrarian traders are also frequently rewarded by counter-trading increasing Bitfinex short positions. Most notably the case at 1200 price spike.
Optimistic in a long position here. Will personally be buying using dollar cost averaging down to ~$7k.
Legal Disclaimer: I am not a financial advisor. The information provided in this blog post and any other posts is for informational and entertainment purposes only. It is not investment advice. Consult a qualified financial advisor before investing. Do not invest more than you can afford to lose.
Replies (6)
Read my profile if want me to resteem your post to over 72,500 followers. @a-a-a
Up $200 since my post. Damn good start if I say so myself.
Thank you very much sir..
Most welcome to sir@gentlebot..
Thanks for you and most welcome boss..
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