BitcoinLong
BTCUSD | Bullish Behavior of RSI
Please support this idea with LIKE if you find it useful.
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
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.