I think this is a fine opportunity for a high r/r trade as COINBASE:BTCUSD is poised to take a stab at the 6750-6800 resistance. I was actually short a couple days ago but covered as btc spectacularly failed to breach 6200 and I got a DMI signal to long the daily. Since then I've seen volume picking up, with bulls defending 6330-6300. Also the gdax/bitstamp...
www.tradingview.com Reasons for going long: 1.) RSI bullish divergence. PIVXBTC for the past month has been making lower lows but RSI has been increasing. 2.) There's an enormous TS and KS difference which indicates probable retracement of the price to higher values. 3.) I'm trading on binance and the main thing that is stopping buying momentum from building up...