Hello my fellow traders, as it looks like it might just break out at any moment let's jump right into this idea. Up top is the 4H BITMEX BXBT chart where we are clearly seeing lower lows (in green) yet the RSI, Stoch and MACD are making higher lows (in green) indicating potential bullish divergence. This pattern is to be traded upon successful close above the yellow dotted line which would be the resistance level.
*For educational purposes only. NOT financial advice.*
*For educational purposes only. NOT financial advice.*
Note
And it just broke the yellow resistance line seconds after I published this ideaNote
Lets see if we can close the 4H candle above (1h20m to go)
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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.