-As we can see
BTCUSDT
are go in a consolidation range after ABC Elliott wave. Let take a look in the range, the price have fake out in Jul 22 with the high volume compare to another candle in the range its mean the buy pressure is very strong (1).
-The RSI indicator break the green trendline and also pull back retest the trendline confirming an early buy signal (2)
- The Crypto Fear and Greed index are Extremely Fear
-Base on how conservative the trader is, you can have a longs potions now and stop loss below the lowest point last week or waiting the price break the consolidation range to have more confirming signal and you the same stop point. Remember control your risk while making a position.
If you want to read more analysis, please give me a follow and a like. I will appreciate my friend!
Hope the market treat you well, thank you!
BTCUSDT
are go in a consolidation range after ABC Elliott wave. Let take a look in the range, the price have fake out in Jul 22 with the high volume compare to another candle in the range its mean the buy pressure is very strong (1). -The RSI indicator break the green trendline and also pull back retest the trendline confirming an early buy signal (2)
- The Crypto Fear and Greed index are Extremely Fear
-Base on how conservative the trader is, you can have a longs potions now and stop loss below the lowest point last week or waiting the price break the consolidation range to have more confirming signal and you the same stop point. Remember control your risk while making a position.
If you want to read more analysis, please give me a follow and a like. I will appreciate my friend!
Hope the market treat you well, thank you!