BTC on the daily TF looks like it could be making some small moves towards a reversal. Here are the things to look for...
1. Currently RSI is showing bullish div, will it play out?
2. We will need to see a close above nPOC (orange line) to signal strength in a larger move.
3. I've mapped out some targets above the nPOC where we may see rejections.
4. Note that nPOC and 8EMA are aligned and a close above both would be a really good sign on daily. above 34EMA even better.
—————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. Never use just 1 indicator for confirmation. 7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Price Action greater than Indicators/Fractals/MAs 10. Horizontals greater than Diagonals
Please Note:
- This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
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