After a crash I always look for the second or third touch of bull-divergence on RSI.
Right now we have 2-touches on the one hour.
two small touches on 4-hour.
This is enough for a scalp long. Dont expect this bottom to last or hold but its enough to form a temporary bottom.
50% account long here. Stops a few hundred $ below.
Right now we have 2-touches on the one hour.
two small touches on 4-hour.
This is enough for a scalp long. Dont expect this bottom to last or hold but its enough to form a temporary bottom.
50% account long here. Stops a few hundred $ below.
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Never long until you can 'hear the screams'. The volume shows capitulation, occurred twice in the 7300-7450 range. Once everyone has sold, supply is exhausted and prices can rise (or attempt to)
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Boom. Fomo inc. Hammer soon.
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If you scalped this, this is a good take profit pointreload on the next divergence touch.
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Watch out for bearish underpants pattern Which I'm told by my friend @sandipan.mch is Wykcoff redistribution, not pants.
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Sinuosity has pointed out in private message the third underpants has lots of volume and looks different to the rest. I agree ^_^
It also has significant 4hr divergence on RSI
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Third touch of four hour Rsi bullish divergence now occurring Shorts are piling up finally. They always get bearish near the bottom
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Chart analysis continued over here:
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.