Get started
Bitcoin
Long

EMA-Kiss + positive RSI = Long?

By The_Cannalyst
Updated
We are kissing the ema at this moment, the RSI is signalizing a possible buying wave soon.
BTCUSD should not fall below 3.777$ (min fibo 38,2)- this could initiate a selling wave down to 3.000$ (max fibo)
Trading above 4.450 should initiate the next buying wave up to TP1= 4.995 & TP2= 5.600$
Note
we r reentering the uptrend right now... snapshot trading above 4460 should accelerate the upswing and turn the chart bullish again
Note
rsi made a buying signal
Note
the daily formed a nice buying candle snapshot
Trade active
snapshot
Note
ideally btc should not fall below 4315 snapshot
for running shortterm Longs a sl-adjustment up to 4310/15 could be an idea
Note
snapshot
Note
a downtrend? snapshot
Note
unchanged view snapshot
Note
yes!!!!!! rsi is in the buying area now snapshot
Note
touched normal correction fibo snapshot
Note
we have seen the exspected selling wave dfown to 3000$... n1 snapshot
Note
at the max fibo the buyers waited, as so often :-) btc tends to retrace fully
Note
snapshot
Note
snapshot
Trend Analysis
The_Cannalyst

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.