The goal here is to track events leading up a possible trade, not an immediate entry.
Some bullish thoughts:
If turns out be valid 4H divergence, and we see a second RSI pivot higher than the last, waiting for another retracement and entering in one the 1H timeframe. Expecting at least a bounce here
Some bullish thoughts:
- Major daily support level
- Likely bullish divergence on 4H chance (pending next candle close)
- BTC shorts around ATH
- BTC shorts looking like a possible double top
- 2 times Fibonacci extension from a recent swing low -> high
- At lower Bollinger Band and sell volume is decreasing
If turns out be valid 4H divergence, and we see a second RSI pivot higher than the last, waiting for another retracement and entering in one the 1H timeframe. Expecting at least a bounce here
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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.
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.