My 2nd trade idea is on the XLM/BTC pair BINANCE:XLMBTC .
The price is on an uptrend and it has passed several resistance levels recently. Since i was not keeping an eye on this and this is my first day of actively watching it, i has caught me in an awkward moment, right in the middle of 2 levels. Since there is no clear direction in which the price is heading i...
Based on current Trend Lines and Support/Resistance Levels , i set up a Long Position on BTC/USD.
I'm fairly new to TA so any advice or questions are welcomed.
(side note: I have noticed a Bearish Divergence on the RSI indicator , but i am not fully confident about it and therefore decided to ignore it, at least for the time being.)
