What a beauty move.
But be honest...who didn't saw that guys? Just need some manual draws on RSI(20).
RSI(20) breakout once, than confirmed twice.
Look what caused this on the candles chart:
What's next?
In the next 45 minutes (before the next 1H close) bitcoin will decide : which direction to keep before this weekend.
Be safe: it could be a big bulltrap before weekend - and whales could be tricky, thats why I'm preferred the a SHORT position soon near to 11k - hedging against current profitable LONG.
CONCLUSTION
* RSI(20) not only good for detecting divergences (I've wrote a good article here), but also good for finding the right momentum to entering a trade.
* Don't use '"trade and pray" strategy ... it's a noob's way. Better to entering into confirmed trend via the momentums.
If you have any technical analysis question - I will answering it today in the comment section!
But be honest...who didn't saw that guys? Just need some manual draws on RSI(20).
Look what caused this on the candles chart:
What's next?
In the next 45 minutes (before the next 1H close) bitcoin will decide : which direction to keep before this weekend.
Be safe: it could be a big bulltrap before weekend - and whales could be tricky, thats why I'm preferred the a SHORT position soon near to 11k - hedging against current profitable LONG.
CONCLUSTION
* RSI(20) not only good for detecting divergences (I've wrote a good article here), but also good for finding the right momentum to entering a trade.
* Don't use '"trade and pray" strategy ... it's a noob's way. Better to entering into confirmed trend via the momentums.
If you have any technical analysis question - I will answering it today in the comment section!
Breakout to 11.2k rejected because very weak and fearfull buying interest.