Bitcoin: a suspicious divergence is start forming with RSI @ 1hrs tfr Please note that I am note a trader. Please be carefull. You must know what you are doing!
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The 10K are already a very good level from where to start but bearish pressure still high and little bit lower there is the perfect double bottom. Lol
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It's tempting to go high from here if you are a longer but we need to wait and see what price tells us
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Do not rush in!
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The 10K has been little pierced
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Only little pierced...sorry I gotta go for lunch. Be patience!
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Divergence still there.
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Will the price follow RSI or will RSI follow the price?
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It cannot do both and once thing leads to a different outcome. Why? How? When? I don't know! Curiosity is very important in all aspects of life! I hope you will agree to this AlanMasters!
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The move is nice but it is happening below 50 RSI
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Need to be carefull
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That resistence at 11K looks attractive but bearish pressure still on! We need to be patience
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I don't know yet! Bearish pressure has been really strong this morning!
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See the bearish pressure coming down?
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For me, in the above chart, bearish pressure is represented by that trendline coming against the price
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I don't know if it will breach it. Don't think so but if it does we must interpret it as a bullish signal
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Sorry I forgot a trendline
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For whoever is following please note that I will be absent for a little while.
Trade closed: target reached
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That arrow indicates for me a very good trading zone for short term trading.
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When exiting the trend with a quick move
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If this post that I am linking below is correct it may want to complete this double bottom
@natthenetnut, it would be nice, wouldn't it be? Happy to share ideas and thank you for following. Please note that I am not a trader just expressing my ideas. I like to see how candlesticks, patterns, moves unfolds. That's it. I really do enojy watching it!
@cozzamara, We had to wait a little bit but at the end it was worth it. It was good also following it when going down that last bit but the come back has been great. Now let's see and wait what it does there. Thank you for the support.
cozzamara
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@cozzamara, I mean how it reacts to the 11K. But I think I am off for the day.