ANT/BTC Quintuple Bottom?
Updated
ANT/BTC has been in a ranging accumulation period since roughly mid-August. After decreasing volume during the 4-month downtrend, volume is picking up a bit during this accumulation period.
We saw 4 Bottoms at 10k sats:
Double bottom on 11/2/2017 and 12/08/2017 -- with bullish RSI divergence
Double bottom on 9/12/2018 and 10/20/2018 -- with bullish RSI divergence
RSI is still high compared to the last 2 bottoms. In an ideal world we go down one last time and briefly break 10k sats with a continued bullish RSI div. That would be an ideal entry.
My plan is to begin accumulating now and really go in at 10k sats if:
1. We breach 10k sats in the next two weeks
2. RSI is higher than previous low
We saw 4 Bottoms at 10k sats:
Double bottom on 11/2/2017 and 12/08/2017 -- with bullish RSI divergence
Double bottom on 9/12/2018 and 10/20/2018 -- with bullish RSI divergence
RSI is still high compared to the last 2 bottoms. In an ideal world we go down one last time and briefly break 10k sats with a continued bullish RSI div. That would be an ideal entry.
My plan is to begin accumulating now and really go in at 10k sats if:
1. We breach 10k sats in the next two weeks
2. RSI is higher than previous low
Note
We shot down and broke the 10k sats on Nov 8th's daily wick. RSI is higher than previous 2 bottoms so we have an RSI bull div on the daily.I am following my plan and am buying at around these 10k sat levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.