Long
Hidden Bullish Divergence spotted on Daily TF
POABTC completed its wave 1 at 0.000102 and set up 3 wave correction that ended up at 0.000060.
We should expect a price reversal in the region of 0.000062-0.000058.Bullish hidden divergence indicates that bullish trend should continue and we should make a higher high in coming days
In case of reversal immediate target will be 0.000073 region , however in case we break 0.0001, we should expect 0.00021 that will be + 300% price target.
However don't forget the big picture: that BTC needs to break 8.8k region sooner than later. So far PA is constructive as BTC have managed to held itself pretty good.
We should expect a price reversal in the region of 0.000062-0.000058.Bullish hidden divergence indicates that bullish trend should continue and we should make a higher high in coming days
In case of reversal immediate target will be 0.000073 region , however in case we break 0.0001, we should expect 0.00021 that will be + 300% price target.
However don't forget the big picture: that BTC needs to break 8.8k region sooner than later. So far PA is constructive as BTC have managed to held itself pretty good.
Trade active
Price Came down and bounced precisely form our support at 0.0000584.After making a Doji on 4 Hr. Chart we had a large bounce that is very constructive. Price is currently trading at 0.00061 and trying to make hammer on daily and this will further strengthen our believe that retrace is over and larger upward trend can resume.
We have opened a long term position at 0.0000584 and we are happy with our entry, If it goes down further we will add more, however i don't think we will be lucky enough to enter at 0.00043. However, its important to plan your trades and trade your plan.
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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.