this qqe signals long entry might be about to pay off. there are a lot of reasons to try to extend an oversold bounce in btc on the hourly timeframe while rsi makes a higher or same low with a drop in btc price. my reasoning is simple: the dollar tends to go down while stocks short squeeze, and this drives btc price up.
the stock market tends to pullback from new lows as the dollar retreats, and btc/spy tend to follow each other up or down during big moves in indices, and btc tends to recover a little faster than the stock markets. indices are likely to continue a corrective/distributive phase, but there is almost certainly going to be some upside between here and there. btc should bounce as well.
qqe signals put in a long entry in the hourly timeframe recently, and that bounce is likely to continue as long as we dont close 4hrs below 33600, and 36000 is a reasonable long target.
the stock market tends to pullback from new lows as the dollar retreats, and btc/spy tend to follow each other up or down during big moves in indices, and btc tends to recover a little faster than the stock markets. indices are likely to continue a corrective/distributive phase, but there is almost certainly going to be some upside between here and there. btc should bounce as well.
qqe signals put in a long entry in the hourly timeframe recently, and that bounce is likely to continue as long as we dont close 4hrs below 33600, and 36000 is a reasonable long target.
Trade closed: target reached:
sry i havent been updating these. hopefully its clear the long target was hit.
