SoloTraderAU

LONG positions conditions

BITSTAMP:BTCUSD   Bitcoin
We had a strong buying power near 7600, but we cannot confirm it is a LONG position unless the following conditions meet:

LEFT graph
1) 8 & 20 EMA crossover UP;
2) Price pulls back to 20 EMA and form a Higher Low. Afterthat, breakout the blue triangular zone and pull back to the blue trendline;

RIGHT graph
1) A projected (26 periods) green cloud forming;
2) Chinkou span crosses above price;
3) Price crosses above Senkou span resistance and above red cloud.


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