Is it a valid long entry ?
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
Hello Traders, hope you made some decent money this week !
- We have 2 Bullish regular divergences at the TF of 4H.
BTC has reached the bottom of it’s channel which he has been ranging since 6 of April.
BTC is at is weekly support right now.
So is it a valid entry ?
My humble answer is we need to see a Hidden div at the 1H TF or the 30 TF with a stochastic rsi blue line crossing the red line.
This analysis dosen’t reflect on the markets situations.
Definetly also not a financial advice or trade signal.
If you want to see more of my ideas follow me. Thank you, Have a profitable one !
