BTC Mixed Signals #TKCROSS, #HIDDENDIVERGENCE, #WAITANDSEE
You are looking at the following on the BTCUSD 1-day chart. There are mixed signals, but they are weighted bearish.
1. BULLISH - Ichimoku T-K cross (that white line crossing above the blue line)
2. BEARISH - Ichimoku Cloud, price to cloud, lagging indicator, lagging to price. That's 4 for bearish, but I'll bundle them.
3. BEARISH - Price / RSI hidden bearish divergence. Specifically, price = lower high; RSI = higher high.
LOOKING FOR:
1. Bullish divergence (price to RSI). Specifically, price = higher low (where we currently are); indicator = lower low (RSI breached the bottom trend line and goes lower than the last low. If RSI does this, will is dip below 30?
2. Bullish failure swing - If the RSI dips below 30, I want to see whether it goes lower than the previous dip below 30. If it does not, I will continue to look for a failure swing / bullish reversal.
NOTE: Admittedly, that bottom tend line is pretty weak. considering the bars between the first and second touch, I would call this two touches. I plotted it because now is the moment we determine the trend. I think.
NOTE: The grey box is my major support/resistance. These levels are broken, I expected violent price movement.
1. BULLISH - Ichimoku T-K cross (that white line crossing above the blue line)
2. BEARISH - Ichimoku Cloud, price to cloud, lagging indicator, lagging to price. That's 4 for bearish, but I'll bundle them.
3. BEARISH - Price / RSI hidden bearish divergence. Specifically, price = lower high; RSI = higher high.
LOOKING FOR:
1. Bullish divergence (price to RSI). Specifically, price = higher low (where we currently are); indicator = lower low (RSI breached the bottom trend line and goes lower than the last low. If RSI does this, will is dip below 30?
2. Bullish failure swing - If the RSI dips below 30, I want to see whether it goes lower than the previous dip below 30. If it does not, I will continue to look for a failure swing / bullish reversal.
NOTE: Admittedly, that bottom tend line is pretty weak. considering the bars between the first and second touch, I would call this two touches. I plotted it because now is the moment we determine the trend. I think.
NOTE: The grey box is my major support/resistance. These levels are broken, I expected violent price movement.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.