April 28, 2024

Local intraday bottom

Below I will list the signs of a local Bottom, 1) the price in its fall should form a Support level, 2) afterhow the support level will be formed pricegoes into a rollback, and with a new attempt to go down, now a new attempt to push down will interact with the support level, and according to the reaction of the price it will be possible to understand whether there is a reversal from it or not ... You can figure it out by Japanese candlesticks, a reversal should appear a candle, and 3) after all this, it is advisable to look at the oscillators, is there any divergence?
Bitcoin, H1, fall, support level 8686.18, reversal candle white Popsicle, Stochastic(6.2) double divergence
Local intraday bottom

Local intraday bottom