whoisnagato

whoisnagato

This could be a great trade. 4H timeframe XBTUSD As you can see from the chart, there is confluence of some technical factors which made me think about a possible reversal back to (at least) 13K. -RSI trendline is holding well -HAMMER CANDLE followed by a DRAGONFLY DOJI CANDLE (both are strong reversal candles if seen at the bottom of a downtrend) -Perfect...

whoisnagato Updated 

Possible inverse head and shoulders formation in play for BTC! If you want to go long you should set a tight stop loss under the trendline. For me RSI, head and shoulders formation, macd and price action are all bullish! Let me know what do you think in the comments and also leave a like if you enjoyed my analysis! THANKS, CryptoNagato!

whoisnagato Updated 

1H chart: -Possible bearish cross on the MACD -Possible trendline break to the downside on the RSI -Trendline resistance in play (Been waiting for confirmation) R/R: 2.92 Tight stop loss for minimum risk!