As we can see on a graph:
1. Sharp red candle + big volume = psychological break in minds of small long term holders
2. Touching support multiple times
3. RSI divergence
4. Break out of bear trend (LOOKING FOR)
5. Higher lows, possible inverse head and shoulders (LOOKING FOR)
+ upcoming news = signal for bull trend
1. Sharp red candle + big volume = psychological break in minds of small long term holders
2. Touching support multiple times
3. RSI divergence
4. Break out of bear trend (LOOKING FOR)
5. Higher lows, possible inverse head and shoulders (LOOKING FOR)
+ upcoming news = signal for bull trend
Lesson: Always use stop loss.
Traders: 5% bellow support line
Gamblers: 10% bellow support line
Reason: BTC on downfall.