DerrickGibson

DerrickGibson

Today we saw a massive breakout in BTC to the downside. Volatility and volume spiked after several days of extremely tight and quiet action. It's safe to assume that bears will continue to have control of the trend now that a clear direction has been established.

DerrickGibson

"Bearish OBV Divergence occurs when price advances but OBV declines."

DerrickGibson

I am bullish here with BTC in the low 7k range. Volume has dried up to almost nothing, indicating a big move is coming. Daily RSI is approaching oversold. Beginning to see bullish divergence in the 4H RSI. Looking at where BTC has come from and where it is now, the run to 20k pales in comparison to the previous tops at $260 and $1,160. For people expecting BTC to...

DerrickGibson

Bitcoins daily MACD has just crossed bearish. I've observed bearish divergence in the RSI on several time frames for the last week. I'm calling short here. 10k proved to be formidable resistance. It seems that all bullish momentum has been lost for now and the bears are beginning to take control.

DerrickGibson

Seeing bearish divergence in the RSI of BTC on multiple time-frames, including 4 and 1 hour. Here's a detailed view of the clear divergence on a 1 hour chart. Beginning to see a lot of selling pressure at this level.

DerrickGibson

Volume is very thin. Attempting to bounce on the support trend-line but seeing weak follow through.

DerrickGibson

Neblio announced today they will be releasing a web wallet in the next few days (no exact release date) to interact with the new NTP1 protocol they published just 10 days ago. We saw an immediate spike in volume after the announcement and the buy book is stacking up on Binance. Neblio is primed to be one of the top performers in the crypto space in 2018. For what...

DerrickGibson

Waiting to see which direction Neblio will break here. I'm leaning towards bearish so I'm not involved in this trade, but if it breaks to the upside I will take a position.