Long
HOLOBTC Double Bottom
Hello Traders,
Holo is worth a look, my thesis has found the following,
Points to consider:
- Potential double bottom on the daily time frame
- Bouncing of longer term established trend line which is on confluence with the double bottom
- A sharp sell off into support often yields into an oversold bounce play, RSI is quite oversold compared to previous history
- Fibonacci .236 is almost perfectly aligned previous resistance area, CONFLUENCE
- More confluence is in the blue zone, with the golden 0.5 and fib extension from swing high to swing low
- A Break from the blue zone will lead to a possible lower high if support is confirmed
- Volume is starting to show up, but we need to see clear above average volume to confirm this double bottom
What are your thoughts ? please leave a like and comment
and remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas
Holo is worth a look, my thesis has found the following,
Points to consider:
- Potential double bottom on the daily time frame
- Bouncing of longer term established trend line which is on confluence with the double bottom
- A sharp sell off into support often yields into an oversold bounce play, RSI is quite oversold compared to previous history
- Fibonacci .236 is almost perfectly aligned previous resistance area, CONFLUENCE
- More confluence is in the blue zone, with the golden 0.5 and fib extension from swing high to swing low
- A Break from the blue zone will lead to a possible lower high if support is confirmed
- Volume is starting to show up, but we need to see clear above average volume to confirm this double bottom
What are your thoughts ? please leave a like and comment
and remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas
Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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.