BTC Triangles Consolidation w/ RSI Divergence
ANALYSIS:
1. RSI Hidden Bullish Divergence. --> price higher lows, RSI lower lows
2. 11150 holding as support
3. Demand absorbing candle (long-tail wick)
TRADE OPPORTUNITY:
1. Entry = 11300
a) H$ demand zone
b) beginning of Wave C of a triangle
c) ascending trend line support
2. Stop Loss = 11100
a) end of long-tail wick (which is a supply demand absorbing candle)
3. Target 1 = 12200
a) range high from end of previous impulse
4. Target 2 = 13200
a) Supply Zone from July 2019
To be sure of an entry, wait for a doji candle or a retest of 11400 on the hourly to confirm a bullish environment.
1. RSI Hidden Bullish Divergence. --> price higher lows, RSI lower lows
2. 11150 holding as support
3. Demand absorbing candle (long-tail wick)
TRADE OPPORTUNITY:
1. Entry = 11300
a) H$ demand zone
b) beginning of Wave C of a triangle
c) ascending trend line support
2. Stop Loss = 11100
a) end of long-tail wick (which is a supply demand absorbing candle)
3. Target 1 = 12200
a) range high from end of previous impulse
4. Target 2 = 13200
a) Supply Zone from July 2019
To be sure of an entry, wait for a doji candle or a retest of 11400 on the hourly to confirm a bullish environment.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.