BTCUSD - 4h - Nice Engulfing

Nov 26, 2020

NOT A FINANCIAL ADVISOR

BTCUSD seems to be printing a bullish engulfing candle.
RSI + Stoch RSI looking amazing.

How high can it go before further rejection.

Nov 27, 2020

Note

Trendline broken and retested.
Indicators still looking bullish!

Nov 27, 2020

Note

Still one have to be careful for the possibility of a bear flag.

Nov 29, 2020

Trade closed: target reached

Amazing move on BTCUSD.
On the 1H you can see that the RSI Resistance flipped to Support!
At the moment, I'm keeping an eye on that and the fact that CME might create a GAP tonight!!! A drop in the next days to close that gap is very likely!
We must also be careful that BTCUSD has not created a higher high. Until a higher high is created, I am expecting a consolidation formation such as a triangle or a drop.