Two of my favorite indicators are signaling a buy right now.
the RSI after printing a bullish divergence is now crossing the medium line of his bolinger band channel.
And the Stochastic is pointing up out of his lower region. Although this indicator is stronger when combine with an existing uptrend (higher highs and higher lows daily).
There is a lot of overhead resistances so caution is require but there is an good probability for a 9k retest.
I will promptly close my trade if bitcoin makes a new low (below 7984)
target: below 9100.
the RSI after printing a bullish divergence is now crossing the medium line of his bolinger band channel.
And the Stochastic is pointing up out of his lower region. Although this indicator is stronger when combine with an existing uptrend (higher highs and higher lows daily).
There is a lot of overhead resistances so caution is require but there is an good probability for a 9k retest.
I will promptly close my trade if bitcoin makes a new low (below 7984)
target: below 9100.
Trade closed: target reached
yeah it bounce but we are already where we started
looking for the next entry point. Will keep you updated.