Bitcoin price pushed higher from $400 today and is currently attempting $420 in gravity defying advance.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
OKCoin BTC/USD Spot 4-Hour Chart
From the analysis pages of xbt.social, earlier today:
Incredibly, another high for this wave.
The indicators are diverged at every timeframe from 5mins to 1day, but frankly, it has become futile to try and call a top for this wave. It cannot continue indefinitely without correcting, but so far it has defied reason, and may continue above the envelope
A somewhat pointless effort to find resistance shows a horizontal support resistance layer at the current level of price.
MACD, RSI and the stochastics are all diverged, as annotated.
There have been some entry opportunities into this trend, but its over-stretched upside distance perhaps leaves traders taking