BitcoinPenjualan
Pending Bull Rally, SHORT
As I posted the other day, on the 1hr and 4hr charts you can see significant amount of bullish divergence on the RSI signifying a PERM bottom.
RSI Divergence:
3 lower lows on candles, 3 higher lows on RSI. This is an indication that there is a BOTTOM. This does not necessarily mean that there will be a rally but rather the lower 3k range we were at is the bottom of BTC.
We might go test that again but more than likely we won't because we are seeing extended support around 3.9k.
Now we are also seeing bullish MACD on the 4hr chart as depicted so we are going to see another leg up.
Open up some trades till we hit between 4700-5000. This gives a decent amount of profit with low risk. Play the short till we are all clear.
RSI Divergence:
3 lower lows on candles, 3 higher lows on RSI. This is an indication that there is a BOTTOM. This does not necessarily mean that there will be a rally but rather the lower 3k range we were at is the bottom of BTC.
We might go test that again but more than likely we won't because we are seeing extended support around 3.9k.
Now we are also seeing bullish MACD on the 4hr chart as depicted so we are going to see another leg up.
Open up some trades till we hit between 4700-5000. This gives a decent amount of profit with low risk. Play the short till we are all clear.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.