Bitcoin Trading Correlates Gold 1.0

Bitcoin Trading Correlates Gold 1.0

Bitcoin trade assimilated gold, today, when it halted allege and sloping into correction. Although not a trade recommendation, only yet, technical indications indicate a lapse to during slightest a Jan lows.

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Bitcoin Price and Trading Analysis

Time of analysis: 14h00 UTC

OKCoin BTC/USD Spot 1-Hour Chart

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From a research pages of xbt.social, progressing today:

Yesterday’s paradoxical signals eventually folded to a side of a bulls as they pushed a allege $10 higher. In a routine a state of a movement indicators had turn serve diverged from price:

1) 1hr RSI (panel immediately above price) diverged to a dual many new cost highs
2) The stochastic indicators (above RSI) also diverged and returned to their reduce extreme
3) MACD (second from top) shows even movement with compounding dissimilarity (red dots)
4) Average True Range



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