Very bullish MACD+RSI.
-RSI reached bullish 85 level, bounced off 40 on the daily candlesticks. Can't get much better RSI than that
-MACD has tons of room to run, just bullishly diverged
I understand the D has a higher value than B.
E does penetrate the lower trend line of the ABCDE which is completely normal
Stoploss can be adjusted to $190~
The chart is self-explanatory. I will update the idea as time progresses
-RSI reached bullish 85 level, bounced off 40 on the daily candlesticks. Can't get much better RSI than that
-MACD has tons of room to run, just bullishly diverged
I understand the D has a higher value than B.
E does penetrate the lower trend line of the ABCDE which is completely normal
Stoploss can be adjusted to $190~
The chart is self-explanatory. I will update the idea as time progresses
Comment:
Secondary drawing
Comment:
I was late to update ( was asleep when RSI diverged on second ABC ) finding a good entry sometime soon and placing a stop below C at 264~ could be a good trade
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One last drawing
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Currently at 272, tight entry with stop at 264
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www.tradingview.com/...x/JR9joLt0/Potential drawing where E has been established already. Wave 5 targets would be at the very very minimum 370+
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Comment:
Seems like there is a very, very strong support at 150. As the market looks to go bear, if BTG can manage to hold this number it still has good potential but it will take much longer than previously thought