Bitcoin just flashed the strongest bullish signal!
Updated
Hello, everyone!
Last week I have been telling you about the bullish signals on the different indicators and I am waiting for the strongest bullish signal on 1D timeframe. So, now this signal was flashed on Bitcoin! As you have already guessed we talk about true enhanced divergence with MACD which was formed next to major support.
Trade attributes:
Buy: current ($41800-$42200)
Take profit: $50179
Stop-loss: $40279
In case of stop-loss triggering be ready to repeat the entry in case on new divergence formation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Last week I have been telling you about the bullish signals on the different indicators and I am waiting for the strongest bullish signal on 1D timeframe. So, now this signal was flashed on Bitcoin! As you have already guessed we talk about true enhanced divergence with MACD which was formed next to major support.
Trade attributes:
Buy: current ($41800-$42200)
Take profit: $50179
Stop-loss: $40279
In case of stop-loss triggering be ready to repeat the entry in case on new divergence formation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Comment
Stop loss was hit by the price. I suppose it was the manipulation, because was unusual selling activity on Binance. I re-entered the position. Stop loss at $38800 (Below monthly S1)Comment
All long signals, based on on-chain metrics and blockchain activity became even stronger buy signal. I suppose it is the bottom.
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