Hi guys,
With the current market being bullish on BTC pairs i'm looking for ALTS bottomming, showing sings of reversal on 4H and 1D timeframes.
An example of this it's FIL, with a downtrend on the daily but signs of reversal on the 4H.
For bullish/reversal signs we got:
I think we could see a lower entry on the 6336 level that matches with the bottom of the cloud and the Kijun, but looking to the strong of the market right now i prefer to go in at this price. Another options is scale the position 50% now, 50% on that area.
Finally, we got two targets, both daily resistance.
With the current market being bullish on BTC pairs i'm looking for ALTS bottomming, showing sings of reversal on 4H and 1D timeframes.
An example of this it's FIL, with a downtrend on the daily but signs of reversal on the 4H.
For bullish/reversal signs we got:
- Double bottom on the 4H with RSI bullish divergence.
- Price breaking through the Tenkan/kijun and the cloud with volume.
- Bullish Tenkan/Kijun Cross.
- Rsi down again to the 50's lvl.
- Price retesting a daily resistence now turned as support.
- Price retested the 0,5 fib level from the move up.
I think we could see a lower entry on the 6336 level that matches with the bottom of the cloud and the Kijun, but looking to the strong of the market right now i prefer to go in at this price. Another options is scale the position 50% now, 50% on that area.
Finally, we got two targets, both daily resistance.