BitcoinLong
Bears are back on the menu, Boys!
The Stoch RSI is my primary tool. Its starts coming up on the 1h and 4h and I feel confident to go long. The price might tack sideways a bit, but I have my long ladder set. The Stoch RSI can use several price inputs to calculate k; the open, close (or present), high, and low, and others. I'm using low because it helps me not to go long until its really point up. On the 4h it still downward, but the 1h looks promising and that's what ladders and stops are for. 
The daily looks very healthy as well. I reckon we set a new high when the daily Stoch RSI gets overbought.
The fact that we haven't set a new local high since the price collapsed last month doesn't bother me because the oscillator cycle is still in progress. This is where we eat bear. Also, these collapses should be of no surprise because they often happen when Stoch RSI are synchronized overbought across time frames. This is a blog, not advice.
The daily looks very healthy as well. I reckon we set a new high when the daily Stoch RSI gets overbought.
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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.