On the chart, we will be able to identify a lower low if bitcoin goes below 39600.
However, we can now identify a lower low on the RSI.
That is to say that the rsi could signal us in advance that the btc is going to make its lowest, I also see that it pierces the high point of the previous range (30k-42k +-) and the high point is located at 41.33K.
Shill are very horizontal, very new baby coin.
I can't use higher timeframe because he dont have history, this coin have just 25 millions in marketcap, can do easily x20.
At the listing some people bought it at 24$ haha so bad move and drop directly.
I can see him do x4 at least.
i will not use stoploss on this coin.
Its not my type, i dont care about...
As you can see below in the RSI, i draw the season and we are potentially at the end of the accumulation.
Alice prepare a good pump soon.
W in weekly timeframe (still not breakout) but i enter for sure.
I recommend to wait until the fet get out of the box, then we can place the trade on it.
IF he come back at 200-300sats i will catch the knife and trade on it with 20% SL.
IF he doesnt come back there, no problem i will take it when he will going out of the box by the upside.
I recommend you to set an alert on your chart it can be a huge movement.
As you can see on the chart, we may be entering a long bullish phase on the cake.
A swing trade is possible here, wait for a retracement and enter with a stop loss.
The cake has consolidated in its box and made some fake outs, it is time for it to come out or return to the bottom of its accumulation range.