If you didn't read my educational content, you can do it here first: How to making LOT of MONEY - Hunting Divergence
So again: bullish divergence formed in the last 6-7 days.
4 hour chart divergence here:
6 hour chart divergence here:
6 hour chart divergence is a very rare and strong indication of short term trend reversal!
This 4H RSI(20) could be a potential already happened breakout and after this a little pullback enought for me to opening a short term higher margin LONG position:
CONCLUSION
Before entering a trade:
CRITERIA 2/1) : I want to see a higher low after a little pullback or triple bottoming the dotted line.
CRITERIAL 2/2 : This pink line on RSI(20) must to stay valid.
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So again: bullish divergence formed in the last 6-7 days.
4 hour chart divergence here:
6 hour chart divergence here:
6 hour chart divergence is a very rare and strong indication of short term trend reversal!
This 4H RSI(20) could be a potential already happened breakout and after this a little pullback enought for me to opening a short term higher margin LONG position:
CONCLUSION
Before entering a trade:
CRITERIA 2/1) : I want to see a higher low after a little pullback or triple bottoming the dotted line.
CRITERIAL 2/2 : This pink line on RSI(20) must to stay valid.
If you liked this article:
* FOLLOW ME ON TWITTER
* FOLLOW ME ON TRADINGVIEW
* SUBSCRIBE TO MY FREE NEWSLETTER
And you can support me via this signup link if you are looking for the better bitmex: Bybit registration as better BITMEX.
Criterias:
2/1) RSI(20) is consequently uptrend. For example on 4H TF.
2/2) Candles forming another lower or same-level edge.
Then this will be a permabull setup!