Hello Traders,
Bitcoin is still in an uptrend and is currently making a higher low.
I expect another retest at the support level before bitcoin goes up.
Confirmations for LONG:
Wait for price action after the retest to confirm an entry.
Please leave a like to support my work. 👍
Thanks for reading,
stibo 🥦
Bitcoin is still in an uptrend and is currently making a higher low.
I expect another retest at the support level before bitcoin goes up.
Confirmations for LONG:
- Strong support line
- Divergence on H1 RSI
- Divergence on H1 MACD
- Very low volume for a downtrend
- Still higher low -> bitcoin is in a strong uptrend
Wait for price action after the retest to confirm an entry.
Please leave a like to support my work. 👍
Thanks for reading,
stibo 🥦