I trade BTC basing on RSI and Stoch on 1D, 4H, 1H and 15m charts.
On 1D RSI hold resistance. Looks like bears are exhausted here, though stoch is pointing down.
On 4H and 1H we can see clear bull divergence, though Stoch is not fully oversold. I will open position when stoch on both 4H, 1H and 15m charts will be oversold and pointing up.
We now are sitting on strong support with strong volume, the biggest volume can be seen on coinbase. Though this whole structure reminds me of the bear flag, i'm more bullish and will put stop on lowes low of fractal candle.
In case we move up, i will also move my stop loss basing on fractals and kijun-tekan cross on 4H chart.
I still believe that we will hit 8500, but do not believe it will happen today. The overall correction pattern looks like descending wedge, so on long term i am bullish as fuck.
On 1D RSI hold resistance. Looks like bears are exhausted here, though stoch is pointing down.
On 4H and 1H we can see clear bull divergence, though Stoch is not fully oversold. I will open position when stoch on both 4H, 1H and 15m charts will be oversold and pointing up.
We now are sitting on strong support with strong volume, the biggest volume can be seen on coinbase. Though this whole structure reminds me of the bear flag, i'm more bullish and will put stop on lowes low of fractal candle.
In case we move up, i will also move my stop loss basing on fractals and kijun-tekan cross on 4H chart.
I still believe that we will hit 8500, but do not believe it will happen today. The overall correction pattern looks like descending wedge, so on long term i am bullish as fuck.