It could be argued that stochastic bottom double is a bearish signal I see it as a bullish divergence because 1. price is hitting lower Bband which has previously signaled a short term reversal, 2. price/volume trend is in a falling wedge, which is a bullish reversal pattern that suggests we are entering a zone with higher long-btc buyer volume and people...
It could be argued that stochastic bottom double is a bearish signal I see it as a bullish divergence because 1. price is hitting lower Bband which has previously signaled a short term reversal, 2. price/volume trend is in a falling wedge, which is a bullish reversal pattern that suggests we are entering a zone with higher long-btc buyer volume and people...
link to external chart with what im talking about since im a trading view noob imgur.com New trader, mostly just publishing an idea to get something out there. Looks like in hindsight when the entire asset class is making large % moves upward for days at a time it would make sense to view the upward moves and the challenging of resistances in this under rated...