Updated

Bitcoin is going for that double bottom?

Bitcoin: a suspicious divergence is start forming with RSI @ 1hrs tfr
Please note that I am note a trader. Please be carefull. You must know what you are doing!

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The 10K are already a very good level from where to start but bearish pressure still high and little bit lower there is the perfect double bottom. Lol

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It's tempting to go high from here if you are a longer but we need to wait and see what price tells us

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Do not rush in!

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The 10K has been little pierced

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Only little pierced...sorry I gotta go for lunch. Be patience!

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Divergence still there.

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Will the price follow RSI or will RSI follow the price?

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It cannot do both and once thing leads to a different outcome.
Why? How? When? I don't know!
Curiosity is very important in all aspects of life!
I hope you will agree to this AlanMasters!

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The move is nice but it is happening below 50 RSI

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Need to be carefull

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That resistence at 11K looks attractive but bearish pressure still on! We need to be patience

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I don't know yet! Bearish pressure has been really strong this morning!

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See the bearish pressure coming down?

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For me, in the above chart, bearish pressure is represented by that trendline coming against the price

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I don't know if it will breach it. Don't think so but if it does we must interpret it as a bullish signal

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Sorry I forgot a trendline

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For whoever is following please note that I will be absent for a little while.

Trade closed: target reached

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That arrow indicates for me a very good trading zone for short term trading.

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When exiting the trend with a quick move

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If this post that I am linking below is correct it may want to complete this double bottom

cozzamara

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cozzamara

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