TanukiTrade

BITCOIN : BREAKING - Bulldivergence detected on 4H and 6H charts

Lång
TanukiTrade Uppdaterad   
COINBASE:BTCUSD   Bitcoin
If you didn't read my educational content, you can do it here first: How to making LOT of MONEY - Hunting Divergence

So again: bullish divergence formed in the last 6-7 days.

4 hour chart divergence here:


6 hour chart divergence here:


6 hour chart divergence is a very rare and strong indication of short term trend reversal!

This 4H RSI(20) could be a potential already happened breakout and after this a little pullback enought for me to opening a short term higher margin LONG position:




CONCLUSION

Before entering a trade:

CRITERIA 2/1) : I want to see a higher low after a little pullback or triple bottoming the dotted line.
CRITERIAL 2/2 : This pink line on RSI(20) must to stay valid.






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Kommentera:
This could be the perfect LONG setup if BTC will achive it.

Criterias:

2/1) RSI(20) is consequently uptrend. For example on 4H TF.

2/2) Candles forming another lower or same-level edge.

Then this will be a permabull setup!


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