ICX retracing after recent pumps from 92XX to 1XXXX price range. Will be layering in bids here RSI showing bullish divergence and price has formed a nice bottom and has been slowly making higher lows over time. Fundamental are solid great R/R will be placing stop loss at 87XX satoshis
Charting on different exchanges. Price making a slight lower low here on the hourly RSI making higher lows RSI main function is to identify divergences and in this case when price makes lower lows and RSI makes higher lows it indicated bullish divergence. Trying to make sense of the situation at the moment
1HR Chart analysis Price formed a clear double bottom. RSI Forming higher lows + Price forming double bottom = Bullish divergence
This chart looks disgusting Volume is just trash. Wicked off of the diagonal support turned resistance. looking for confirmation that the trend line will be confirmed resistance after the close of the daily candle. Horizontal support zone drawn in and coincides with the bottom of the falling wedge that's been taking place over the past month. I wouldn't touch...
Looking to add to a BTC long here Sharp drop from 6450 to 6300 Wicked off the diagonal support line. In a bear trend i certainly wont be looking to long off of diagonal support however i'm of the belief that we are in a sideways range leaning towards the bullish side. Higher highs, higher lows (locally) the volume is lacking however which can be cause for...
4hr,1D,1W Chart looks great on all time frames. This is a longer term play 1-3 Months Target 4.55 R/R ratio with an Entry at 6450 A Safe R/R and Position sizing example for beginners: if trader X has $10000 In total and put $1500 on this trade the max exposure to loss would be only 0.69% of total trading balance. If you wish to risk more and subsequently...