Early Bullish Divergence Building Up (NANOBTC) + Additional sign
Updated
We were looking for support on the retrace on our last NANOBTC trade idea.
By loooking at the charts, I suggested that the 0.5 Fib. level wouldn't hold, and it didn't, while recomending the 0.382 Fib. level as a classical level that could hold. Yet, I still stay open for this level to be broken and another one be tested, anything can happen always... It is good to know so that you can always be prepared for different scenarios and their outcomes.
NANOBTC hasn't completed its retrace yet, but we have a few signals that are telling us that this fib. level (0.382) might hold.
Full chart:
Early Bullish Divergence Building Up (NANOBTC)
We are going to be using two different indicators for this trade idea, the MACD and RSI.
Please allow me to entertain you for a few minutes, let's start with the MACD shall we?
Sure, why not, let's do this!
Additional bullish signals for NANOBTC
Bearish signal (RSI)
You can use this information for your learning of course, as well as for trading and entertainment.
Please keep in mind that regardless of what you read, there is always risks involved and any and all profits or loss you generate/incur during trading, will only and always affect only you. So always make sure that you are confident with the decision you are making, because if something goes wrong, it doesn't really matter if you blame another being for your win/loss, it is your pocket that will benefit/hurt.
So please be wise when you trade.
Alan Masters here...
Namaste.
By loooking at the charts, I suggested that the 0.5 Fib. level wouldn't hold, and it didn't, while recomending the 0.382 Fib. level as a classical level that could hold. Yet, I still stay open for this level to be broken and another one be tested, anything can happen always... It is good to know so that you can always be prepared for different scenarios and their outcomes.
NANOBTC hasn't completed its retrace yet, but we have a few signals that are telling us that this fib. level (0.382) might hold.
Full chart:
Early Bullish Divergence Building Up (NANOBTC)
We are going to be using two different indicators for this trade idea, the MACD and RSI.
Please allow me to entertain you for a few minutes, let's start with the MACD shall we?
Sure, why not, let's do this!
- You can spot bullish divergence starting to build up on the MACD. This is marked here with a purple line. You can see how the price went down from 6 Sept. compared to 10 Sept. I marked the dates as well so you can easily see it and learn or entertain yourself with this information.
Additional bullish signals for NANOBTC
- Large wicks pointing up for several candlesticks.
- Bear volume decreasing.
- Oversold STOCH.
Bearish signal (RSI)
- After that little piece of data, we also have a bearish divergence on the RSI on this time frame. From the 9 Sept. to 10 Sept. we have bearish divergence on the RSI. I marked this with a slightly transparent magenta line. You can see the flat NANOBTC price marked while RSI went up.
- Please note that the title pretty clearly mentions the world "early", which means that even though these signals are there they are early in my understanding, so their strength isn't enough for us to confirm a price move.
- Another note. The MACD bullish divergence in this case is a stronger signal than the RSI bearish divergence as it has been building for a longer period of time.
You can use this information for your learning of course, as well as for trading and entertainment.
Please keep in mind that regardless of what you read, there is always risks involved and any and all profits or loss you generate/incur during trading, will only and always affect only you. So always make sure that you are confident with the decision you are making, because if something goes wrong, it doesn't really matter if you blame another being for your win/loss, it is your pocket that will benefit/hurt.
So please be wise when you trade.
Alan Masters here...
Namaste.
Note
I AM ABLE AND CAPABLE OF ACCEPTING LOVE IN MY LIVELove is a word, but it is connected to a feeling. A feeling that is strong but hard for so many people to understand.
You might hear the word love and try to run away. Some other people hear it and blush, they know what LOVE is, they like it, they want more of it in their lives every day.
What about you?
What's your situation concerning the feeling that we relate with the word LOVE!
Are you afraid of it? You like it?
Please, let yourself know.
If you are already in love, with someone, your pet, your neighbor or your friend... that's great.
If you are afraid, hold on... let's try and change.
Say to yourself, patiently and honestly in front of the mirror next time that you wake up...
"Hey Alan Masters, my friend, my brother, I AM ABLE AND CAPABLE OF ACCEPTING LOVE!"
Namaste.
Note
Previous analysis for NANOBTC: 
Note
We have two more hours for the daily candle to close but it looks like 0.382 fib. won't hold.Next fib. support is at 0.236 (0.0002308).
Note
We are moving back up now!
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.