Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
HTF VIEW - Price action making lower lows yet RSI making higher lows (Bullish divergence) - Sell volume decreasing as price decreases (Signals sellers are exhausted)
LTF VIEW - Demand can be identified as the green box. It was the down candle before the up move that breaks LTF market structure. Hence, it is very possible that buyers will still be interested at that level.
Confluence: 1) Optimal trade entry, drawing fibs from last swing high and low 2) High volume node from VPVR