Bitcoin just flashed the strongest bullish signal!
Hello, lovers to catch the bottom!
As you know we tried to catch the bottom at $40000 because all indicators flashed the long signals. But the market took our stop loss and now it’s time to return our money back!
On-chain indicators demonstrated that the bottom is near during the drop from $40k, but the strongest bullish signal came up only this morning. We can see the true divergence with MACD histogram, enhanced with the divergence with MACD line. Moreover the bullish hammer was formed yesterday with the increased volume which can be another one confirmation. Because the wick if the last candle was too long our stop loss is bigger that I want. As a result I am going to wait some pullback to execute the long trade.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
As you know we tried to catch the bottom at $40000 because all indicators flashed the long signals. But the market took our stop loss and now it’s time to return our money back!
On-chain indicators demonstrated that the bottom is near during the drop from $40k, but the strongest bullish signal came up only this morning. We can see the true divergence with MACD histogram, enhanced with the divergence with MACD line. Moreover the bullish hammer was formed yesterday with the increased volume which can be another one confirmation. Because the wick if the last candle was too long our stop loss is bigger that I want. As a result I am going to wait some pullback to execute the long trade.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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