BitcoinPanjang
BTCUSD | Bullish Behavior of RSI
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Initiate Long.
Entry - 9441.08
TP - 10476.74
SL - 9126.89 (consider to put it lower if it fits your R/R ratio)
Reason: In previous analysis I had an idea of it to be a bullish trap. This was not confirmed, because price did not cross the 121 MA. Currently we have more data - RSI did not cross its 50 horizontal to downward, which shows its bullish behavior. Also we can use a Bullish cross as a confirmation not (between 20 and 121 MA).
Pay attention to volumes that price fixes above. That tells us about strong support below.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Long.
Entry - 9441.08
TP - 10476.74
SL - 9126.89 (consider to put it lower if it fits your R/R ratio)
Reason: In previous analysis I had an idea of it to be a bullish trap. This was not confirmed, because price did not cross the 121 MA. Currently we have more data - RSI did not cross its 50 horizontal to downward, which shows its bullish behavior. Also we can use a Bullish cross as a confirmation not (between 20 and 121 MA).
Pay attention to volumes that price fixes above. That tells us about strong support below.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
Penafian
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.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
Penafian
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.