First, RSI 4 hours has a monster divergence.
Them, RSI on 5 and 15 min. on short time chart, diverging too right now.
Elliot correction abc.
So what we do? Sell and put an stop loss.
The target first target are made by 3 crossing lines, Fibo 38%, long term trend line, and mid-term trend line.
Between 7450 and 7550.
I believe in that stop, because the market are really hot and we formed a high pivot.
Thats my guess, and yours?
Them, RSI on 5 and 15 min. on short time chart, diverging too right now.
Elliot correction abc.
So what we do? Sell and put an stop loss.
The target first target are made by 3 crossing lines, Fibo 38%, long term trend line, and mid-term trend line.
Between 7450 and 7550.
I believe in that stop, because the market are really hot and we formed a high pivot.
Thats my guess, and yours?
Trade closed: target reached:
RSI 4 hour overselled, 38%fib has hitted, RSI 30 min chart telling us that an up will came!!!! BTC Will UP! The next hours will up, how mutch? Need more informations, need to wait for now...
