BTCUSD - 4h - Nice Engulfing

26. Nov. 2020

NOT A FINANCIAL ADVISOR

BTCUSD seems to be printing a bullish engulfing candle.
RSI + Stoch RSI looking amazing.

How high can it go before further rejection.

27. Nov. 2020

Anmerkung

Trendline broken and retested.
Indicators still looking bullish!

27. Nov. 2020

Anmerkung

Still one have to be careful for the possibility of a bear flag.

29. Nov. 2020

Trade geschlossen: Ziel wurde erreicht

Amazing move on BTCUSD.
On the 1H you can see that the RSI Resistance flipped to Support!
At the moment, I'm keeping an eye on that and the fact that CME might create a GAP tonight!!! A drop in the next days to close that gap is very likely!
We must also be careful that BTCUSD has not created a higher high. Until a higher high is created, I am expecting a consolidation formation such as a triangle or a drop.