I think a trend reversal coming soon. Swing trading BTC. Currently, I think adding low leverage longs during potential bounce zones is safer than shorting in this Trend Reversal zone.
So, why do I think the trend will reverse for a bounce?
1. RSI - If you look @ RSI, we are so low that every time it reaches this area, the market bounces.
2. CMF - Same as above, oversold and bounce territory.
3. StochRSI - Triple bottom. Oversold.
4. 2 Support Levels coming up (Green lines) from the bull rally's bounce / top points.
5. Falling Wedge on smaller time frames.
6. Potential Falling Wedge on higher timeframes.
7. TD7 out of 9, with all of the above showing... making it even stronger.
8. Ichimoku Cloud shows a big rounded gap, prime for a big bounce.
9. All the timeframes from 1W - 1D look prime for a trend reversal.
10. Everyone thinks we're not bouncing...
K. That's that.
Oh yeah, I also created a new Twitter. Don't forget to follow. I'll post stuff on it later.
-Wolfie
So, why do I think the trend will reverse for a bounce?
1. RSI - If you look @ RSI, we are so low that every time it reaches this area, the market bounces.
2. CMF - Same as above, oversold and bounce territory.
3. StochRSI - Triple bottom. Oversold.
4. 2 Support Levels coming up (Green lines) from the bull rally's bounce / top points.
5. Falling Wedge on smaller time frames.
6. Potential Falling Wedge on higher timeframes.
7. TD7 out of 9, with all of the above showing... making it even stronger.
8. Ichimoku Cloud shows a big rounded gap, prime for a big bounce.
9. All the timeframes from 1W - 1D look prime for a trend reversal.
10. Everyone thinks we're not bouncing...
K. That's that.
Oh yeah, I also created a new Twitter. Don't forget to follow. I'll post stuff on it later.
-Wolfie
Note
Oh. Also, Bollinger Band. Every time we touched bottom, like we are rn, we bounce. (on higher timeframes)Note
Falling Wedge on lower timeframes (4H)Note
:3 Derp.Note
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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.