kryptotmc

BTC ready to rock and roll

Long
BITMEX:XBT   Bitcoin
Updated version of last Idea. BTC currently holding support on a major trend line in conjunction with a bullish divergence on the 4hr chart.

Trading strategy

wait until this 4 hr candle closes with a double bottom pattern is formed on the RSI indicator ( Highlighted in green ) this confirms the end of a divergence , thus a trend reversal

Trendline - support- Divergence - confirmation = moon


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.