BitcoinLong
Daily Chart, long btc (Target 9300~)
It could be argued that stochastic bottom double is a bearish signal
I see it as a bullish divergence because 1. price is hitting lower Bband
which has previously signaled a short term reversal, 2. price/volume trend
is in a falling wedge, which is a bullish reversal pattern that suggests
we are entering a zone with higher long-btc buyer volume and people
closing their shorts.
Lets see.
I see it as a bullish divergence because 1. price is hitting lower Bband
which has previously signaled a short term reversal, 2. price/volume trend
is in a falling wedge, which is a bullish reversal pattern that suggests
we are entering a zone with higher long-btc buyer volume and people
closing their shorts.
Lets see.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.