BTC OVERSOLD! POSSIBLE LONG TO TOP OF MEGAPHONE! (56K)
Hello my beauties.
I think BTC/USD has the chance to go back to the top of the megaphone it's in. It went into overbought during the formation of the higher end of this pattern, now it has recovered from an oversold condition.
The stochastic is diverging, so is the RSI - when the two indicators diverge together, it's normally bingo - and I believe we could long for a while here.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
I think BTC/USD has the chance to go back to the top of the megaphone it's in. It went into overbought during the formation of the higher end of this pattern, now it has recovered from an oversold condition.
The stochastic is diverging, so is the RSI - when the two indicators diverge together, it's normally bingo - and I believe we could long for a while here.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
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