BitcoinLong
The 4 signs that accompany the start of every bull run...
I have seen these 4 patterns invariably that accompany the end of a wave down and the start of the wave up:
On the 30 min chart:
1. RSI goes below 30 at the low or a few candles before the low
2. Highest and densest volume in the wave
3. 2 consecutive green candles
4. RSI at 40 or above.
I'm not saying that these 4 things signal the end of any downturn, but that every turnaround has these 4 signs. We have 11 minutes to see if the RSI goes above 40 and the candle remains green.
On the 30 min chart:
1. RSI goes below 30 at the low or a few candles before the low
2. Highest and densest volume in the wave
3. 2 consecutive green candles
4. RSI at 40 or above.
I'm not saying that these 4 things signal the end of any downturn, but that every turnaround has these 4 signs. We have 11 minutes to see if the RSI goes above 40 and the candle remains green.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.