indicates a change in movement, currently point upwards.
. showing downwards.
Cloud is still , the conversion line(blue) is below the base line(yellow). But its looking like a change in movement direction will happen soon.
A clear buy signal would be a perfect bounce from the , conversion line and base line crossing and RIS and showing upwards.
Stop loss should be below 46k Sat.
I did not refer to the timeframe and I did not recommend to buy now. As you said, waiting for a bounce is important and then it depends on your trading strategy..some people like to buy before the break out occurs to max the profit, others like to buy when the break out is confirmed. I just wanted to point out signals which may indicates an upcoming breakout.
But thanks for the reply!
Yeah thats right. But as i expect a further drop, going long now is not the best strategy. You can short until bottom is reached, close it and go long.