Long
STRAT-BTC 4HR Rebound Incoming
TD Sequential: On a negative 5.
SuperTrend: Closing in on a buy signal.
Bollinger Bands: At the bottom band which has opened up, still looking bearish.
Stoch RSI: Cross, which is a good sign. Looking for it to cross the 20 on the Stoch RSI to put this rebound in motion.
Positives: The negative #5 candle is setting up for pin-bar, which should cause a reversal. (Waiting for a close and the next candle to confirm. Will update once we see action.)
The Stoch RSI has crossed. Previously stated, waiting for it to cross the 20.
Setting my personal sell point at: 0.0006
This location is near the top of the Bollinger Bands.
Note this is speculation and not financial advice
SuperTrend: Closing in on a buy signal.
Bollinger Bands: At the bottom band which has opened up, still looking bearish.
Stoch RSI: Cross, which is a good sign. Looking for it to cross the 20 on the Stoch RSI to put this rebound in motion.
Positives: The negative #5 candle is setting up for pin-bar, which should cause a reversal. (Waiting for a close and the next candle to confirm. Will update once we see action.)
The Stoch RSI has crossed. Previously stated, waiting for it to cross the 20.
Setting my personal sell point at: 0.0006
This location is near the top of the Bollinger Bands.
Note this is speculation and not financial advice
Trade active
Recap:
The pin-bar closed and we had a minor push.
We got rejected on the 20 of the STOCH RSI.
Also we failed to break into a buy signal on our SuperTrend.
Outlook:
Stoch RSI is looking for a cross again. Hopefully we can break the 20 this time.
If we do, our sell point should be in reach.
Trade active
We had a consolidation that dropped us down to the same point as our last run-up.
Using the SuperTrend has been effective in the last 4 trades, indicated by the 4 green or red arrows.
The top of the Bollinger Bands has lead to sell points and the bottom as been good support, broken only a couple of times.
Looked at the daily, the buy signal is around .000551
Once we hit that spot, i believe a good run-up to .0006 will happen.
Trade active
Bulls getting exhausted right here. We hit our 9 on the TD Sequential.
The red rectangles were potential short term sell zones.
Stoch RSI is looking bearish, with a cross and dip below 80.
Had nice run on the upper Bollinger band.
SuperTrend Sell line is indicated by the arrow which the price is almost at that target.
Note this is speculation and not financial advice
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Related publications
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.