I like to chart in FCT-USD pairs as it removes any BTC fluctuations and price action aligns better with fib levels.
please note that this is not a sound prediction just an idea. any trading decisions should be made on your own.
What i would do is set up alerts around the key support resistance areas - shown in green and red boxes here and see what the price action and indicators show in terms of reversal patterns.
Please let me know if you have any questions or comments.
Note
Type in red text showing Bearish RSI divergence - there should be no text after 'Bearish RSI divergence' - ignore the double bottom part in read
Note
TYPO*** in red text labeling Bearish RSI divergence.... I am having trouble typing things today...
Note
Going according to plan.
Trade closed: target reached
Turned out well again!
Hope people made money using this as a reference...
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.