At or near the last 2 bottoms the number of shorts was at an extreme level. Could this time be the same? For the moment on the high time frames we have bullish divergence on MACD, RSI and Stoch RSI.
Comment
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Comment
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Reasons for buying at 6k? right at the support of the fork, bullish divergence on major TF (inclunding daily) on RSI, MACD and SRSI also had bullish divergence on major TF, W bottom on bollinger bands, shorts at an extreme level.
We were referring to a potential local bottom and we are expecting to see a correction of the fall from 8300 not a trend reversal. If 6010 is not our pivot low then 5890 or 5500 could be.
aknyc1
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This down trend is different there was no real bounce so we can’t even think that 5800 can hold or there is no real bounce
JohnNMex
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@aknyc1,
We were referring to a potential local bottom and we are expecting to see a correction of the fall from 8300 not a trend reversal. If 6010 is not our pivot low then 5890 or 5500 could be.