TonyTheBullSeverino

Bitcoin BTCUSD Low Timeframe Updates: Almost There

Hopefully you can see based on how long this is taking to turn into something actionable that sometimes sitting and waiting is the best bet. Patience pays, remember that.

1H

The RSI broke up from a downtrend line on the 1H, is above the upper BB, and attempting to hold after a breakout. We could walk the bands upward on the 1H. Ideally the RSI gets above 70 asap.

4H

BTC is above the 4H upper Bollinger Band, and is working on a 4H RSI breakout from a downtrend. We want to see the RSI make a higher high and move above 70

1D

Same thing, RSI breaking out from downtrend line, but less meaningful than a higher high. Higher high is a better buy trigger. Must be on a closing basis, but if we get strength we can enter on strength. Upper Bollinger Band is now at $72,650, so the real buy signals is a decisive close above that.

However, we can use the lower timeframes to get in. It is starting to look good. I still don't quite have the confirmation I woul