Ranging markets/sideways markets is when traders lose the most money. Always keep this in mind.
» Short-term signals are pointing to a recovery right away.
» Bitcoin's drop wicked below the 13-June low but the RSI produced a higher low and thus we have a bullish divergence.
» Bitcoin's current drop went lower yet the chart reveals lower volume now compared to 13-June. This reveals weakness on the bear camp. This means a recovery will happen next, right away.
These are just a few signals but taken together with the altcoins analysis that I showed you and the bigger picture; Ha ha! The bulls win again.
Namaste.
» Short-term signals are pointing to a recovery right away.
» Bitcoin's drop wicked below the 13-June low but the RSI produced a higher low and thus we have a bullish divergence.
» Bitcoin's current drop went lower yet the chart reveals lower volume now compared to 13-June. This reveals weakness on the bear camp. This means a recovery will happen next, right away.
These are just a few signals but taken together with the altcoins analysis that I showed you and the bigger picture; Ha ha! The bulls win again.
Namaste.
Trade active
The same conditions as before still apply here, that is, lower volume on a lower low (bullish); oversold RSI (bullish), small recovery. Increasing bull volume (bullish, bullish, bullish).Trade closed: stop reached
100K broke as support. Please refer to the following publication for additional information.A new support range has been activated below 90K.
Note
Changed my mind. Check latest update.Early recovery.
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🚨 FREE PREMIUM Trades + Top Results
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🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.