BitcoinLong
Bitcoin (BTCUSD), 4-Hour, A rebound?
Updated
I think the price will rebound towards the nearest supply zone.
Why? Because we have:
- a successful demand zone rebound
- a double bottom
- a bullish price-RSI divergence
- and high volume.
And it is all that I wanted to pass on to you. Look at the chart!
Why? Because we have:
- a successful demand zone rebound
- a double bottom
- a bullish price-RSI divergence
- and high volume.
And it is all that I wanted to pass on to you. Look at the chart!
Note
Why Heikin Ashi candles?Because, they:
- give a better identification of a trend
- are more transparent
- give a better conformation.
Note
I think there is a B or C phase of Wyckoff accumulation scheme. I will consider it and I will let you know if I see a clear LPS, an uptrend commencing.Note
I made a new idea about Wyckoff pattern. It is a nice confirmation of this scenario.
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