Reasons for open position:
1. Bullish divergence on RSI forming on the daily time frame
2. Descending channel support converging with very significant horizontal support ($6,000)
3. decreasing bearish volume on recent downward impulse.
1. Bullish divergence on RSI forming on the daily time frame
2. Descending channel support converging with very significant horizontal support ($6,000)
3. decreasing bearish volume on recent downward impulse.