BTCUSD 8H - Momentum and MACD Nearing Apex
The Momentum Osc is showing a solid S/R apex approaching. "Possible" major volume move within the next 5 days.
Macd indicator is confirming Momentum.
The Detrended Price Oscillator (DPO) is showing more time available but is sill showing potential
But that is why I use at least 3 indicators to track S/R triangulation zones.
2/3 in unison with the 3rd not to far behind (DPO), is good enough for me to take notice.
And the Slow Stoch indicators are showing signs of divergence. Use trend lines to help you determine stop loss
I am bullish on BTC because of the mine halving. But I'm also aware that this could drop one more leg down (MACD S2) before the bulls will be cornered into last defence - before potential for major correction
And now that we see what is potentially setting up we can start using our friendly volume oscillator to help stay "informed" while we determine if the bulls or the bears are going to win.
Volume is still shrinking on the volume oscillator.
Set alert so that it can warn you of potential growth reversal.
Keep track of the growth. Does it show on price action chart that it is bullish or bearish volume?
Use this to help you determine how to read slow volume oscillator:
Good Luck!
Macd indicator is confirming Momentum.
The Detrended Price Oscillator (DPO) is showing more time available but is sill showing potential
But that is why I use at least 3 indicators to track S/R triangulation zones.
2/3 in unison with the 3rd not to far behind (DPO), is good enough for me to take notice.
And the Slow Stoch indicators are showing signs of divergence. Use trend lines to help you determine stop loss
I am bullish on BTC because of the mine halving. But I'm also aware that this could drop one more leg down (MACD S2) before the bulls will be cornered into last defence - before potential for major correction
And now that we see what is potentially setting up we can start using our friendly volume oscillator to help stay "informed" while we determine if the bulls or the bears are going to win.
Volume is still shrinking on the volume oscillator.
Set alert so that it can warn you of potential growth reversal.
Keep track of the growth. Does it show on price action chart that it is bullish or bearish volume?
Use this to help you determine how to read slow volume oscillator:
Good Luck!
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