설명
⋅ After a crash I always look for the second or third touch of bull-divergence on RSI.
Right now we have 2-touches on the one hour.
two small touches on 4-hour.
This is enough for a scalp long. Dont expect this bottom to last or hold but its enough to form a temporary bottom.
50% account long here. Stops a few hundred $ below.
코멘트
⋅ Never long until you can 'hear the screams'. The volume shows capitulation, occurred twice in the 7300-7450 range.
Once everyone has sold, supply is exhausted and prices can rise (or attempt to)
코멘트
⋅ Boom. Fomo inc.
Hammer soon.
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⋅ If you scalped this, this is a good take profit point
reload on the next divergence touch.
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⋅ Watch out for bearish underpants pattern
Which I'm told by my friend @Sandipan.mch is Wykcoff redistribution, not pants.
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⋅ @Sinuosity has pointed out in private message the third underpants has lots of volume and looks different to the rest.
I agree ^_^
It also has significant 4hr divergence on RSI 코멘트
⋅ Third touch of four hour Rsi bullish divergence now occurring
Shorts are piling up finally. They always get bearish near the bottom 코멘트
⋅ Chart analysis continued over here: