Why I'm BULLISH on alts?! Bullish wedge / Bullish div RSI
Hi all,
I've got some requests about my thoughts about altcoins. Here you are. I don't like to many words so if you have questions leave a comment below.
Right in front of you the daily chart of the total marketcap excluding BTC.
This is why I'm bullish on alts
1. Last period we're seeing the chart is drawing a bullish wedge as pattern, and I like the shape of it. Outcome is mostly (70/30) upwards.
2. There is a bullish divergence on RSI. What means: the value on the chart decreases while the RSI rises. It means there is a reversal in price (upwards) coming.
A bullish pattern is nice but when there is a confirmation on the RSI of that outcome that's a great signal.
Thanks for your support by liking this idea.
Click on the follow button for more idea's.
I've got some requests about my thoughts about altcoins. Here you are. I don't like to many words so if you have questions leave a comment below.
Right in front of you the daily chart of the total marketcap excluding BTC.
This is why I'm bullish on alts
1. Last period we're seeing the chart is drawing a bullish wedge as pattern, and I like the shape of it. Outcome is mostly (70/30) upwards.
2. There is a bullish divergence on RSI. What means: the value on the chart decreases while the RSI rises. It means there is a reversal in price (upwards) coming.
A bullish pattern is nice but when there is a confirmation on the RSI of that outcome that's a great signal.
Thanks for your support by liking this idea.
Click on the follow button for more idea's.
Not
my view on litecoin, check the idea
Not
no big changes yet for the total market cap excluding btc. Still in de bullish wedgeNot
small update
Not
Updated idea:
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.
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.