BTC (Y20.P1.E20.v3).Ranging price area.Fractal.

2020년 2월 3일

This is a continuation of the previous post "BTC-Y20-P1-E20.v2-Ranging-price-area-Fractal"

Just an update on my thoughts:
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People are waiting for the drop due to the daily bearish divergence which is likely to be 8900 > 9050.
However its not turning out that way.

This ranging price will create some bullish formation. Using my channel, I see support as per the chart.

Approach:
Buy at the dips where I have support, in the wicks area.
Have funds to buy at the 8900 > 9050 if it is to drop, wick again.

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Previous Posts

2020년 2월 3일

노트

2020년 2월 4일

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2020년 2월 4일

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2020년 2월 4일

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I came across this old chart as a possible scenario.
s3.tradingview.com/p/P8yj4DK3_mid.png

2020년 2월 4일

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15 min chart is give the 1st signs of a good bounce. However we don't know if this is a bounce towards the main support, 8900s.

2020년 2월 4일

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What's important at the macro level, the trend on the RSI. We must on the daily RSI keep above the trend line or EMA as per chart.