Bitcoin Resets

Bullish Reverse Divergence to boot.

Bitcoin had been pulling back since mid-July after 7/14 Price-Indicator weakness revealed itself and confirmed on the 8/11 high.

So, as of today Bitcoin has put-in bullish Price-Indicator Disagreement, otherwise known as Reverse Divergence. When price is able hang high while MACD pulls down to an August 29 equivalent low as compared to the prior June MA…