6H BTC RSI Capitulation Analysis close-up
Zoom out on the chart. This is important.
Notice how the 6h RSI is interacting with the weekly RSI trend lines.
In the RSI, the weekly trend line resistance is red, whereas the weekly trend line support is blue.
Notice since the beginning of December, the RSI bottoms have traveled almost flawlessly through this channel.
Throughout recent history any time RSI confirms below blue then rises above and confirms it as support with bullish divergence, a valid, high accuracy trade opportunity is established.
Another even more accurate and arguably safer buy signal occurs when price finds support on blue AND THEN either breaks above red with momentum, or then holds red as support after breaking past it.
Once a break above red occurs, the first test of red looks to always presents a safe, high reward trading opportunity.
Notice how the 6h RSI is interacting with the weekly RSI trend lines.
In the RSI, the weekly trend line resistance is red, whereas the weekly trend line support is blue.
Notice since the beginning of December, the RSI bottoms have traveled almost flawlessly through this channel.
Throughout recent history any time RSI confirms below blue then rises above and confirms it as support with bullish divergence, a valid, high accuracy trade opportunity is established.
Another even more accurate and arguably safer buy signal occurs when price finds support on blue AND THEN either breaks above red with momentum, or then holds red as support after breaking past it.
Once a break above red occurs, the first test of red looks to always presents a safe, high reward trading opportunity.
כתב ויתור
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