Longshortman

BTC RSI Divergence on Monthly Chart

Longshortman Updated   
BITSTAMP:BTCUSD   Bitcoin
A monthly signal can take a while to play out and the RSI divergence is not yet confirmed, but its looking more likely with this recent move down. Be cautious.
Comment:
If BTC closes below 45415 on CME today, I would not be bullish and would expect a drop to $40K for a bounce then continuation down to $35K. Below $35k is a bear market and will probably not reverse until at least $20k is retested, but my opinion is a wick to $10Kish to flip bull or atleast hold sideways.
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