With the 200 ma in an uptrend, and price above it, a buy the dip signal has been initiated on the BTCUSD daily time frame. This is the result of price closing below a lower bollinger band and then closing above it while still in an uptrend. A close is initiated when price records a high that is above the upper bollinger band line while the close is below the line.
Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
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Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
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.