Bitcoin coil loading up further

Further to my earlier blog post, the Bitcoin rocket seems to be still refuelling. The pump due to MACD on the 1 day chart turning positive has not panned out (yet), and price continues to be under pressure due to sellers having the lead.

The 1 day chart shows some divergences seen before, potentially holding a promise for a short run up to $14,000.

Figure: negative divergences between price bottoms and KDJ indicator bottoms

However, I note that such divergences are not always tradable so only for those that have a good appetite for risk :)