Bitcoin Bullish Signal on 1D Chart! (Impulse Pullback Strategy)
Hello everyone, I noticed a Pinbar close on the weekly today so I decided to update my Bitcoin chart. I noticed on the Daily chart there is some bullish divergence printed on RSI which is a very good sign for a trend reversal. This is Bitcoin's new bottom. (Technically Double Bottom)
My method for this trade is called the Impulse Pullback Method by Adam Khoo. The way this trade works is once the 6EMA crosses the 18EMA we will see our first Swing High candle as printed on the chart today. On Christmas Eve the candle will pullback and touch the 18EMA line( should not go lower than 7200). ON CHRISTMAS DAY, we will see Bitcoin price shoot upward again. This is going to follow with Bitcoin's new uptrend for 2020!
My method for this trade is called the Impulse Pullback Method by Adam Khoo. The way this trade works is once the 6EMA crosses the 18EMA we will see our first Swing High candle as printed on the chart today. On Christmas Eve the candle will pullback and touch the 18EMA line( should not go lower than 7200). ON CHRISTMAS DAY, we will see Bitcoin price shoot upward again. This is going to follow with Bitcoin's new uptrend for 2020!