BTC/USD - 12H/1H - Buy Signal
This is a cocky long trade since the down pressure is strong lately, but there are clear buy signals so I will not ignore them.
The main signal is on the 12H and there is also a signal on the 1H (confirmation/pin point entry).
My RSI buy strategy :
- 1st close under RSI 30
- 2nd close below 1st close AND above RSI 30
*Bonus : 2nd close below lower BBand
Target/Take profit : Between 1H and 12H EMAs200.
Stop loss : If the 12H RSI close under 30.
Not financial advice. Trade safe.
The main signal is on the 12H and there is also a signal on the 1H (confirmation/pin point entry).
My RSI buy strategy :
- 1st close under RSI 30
- 2nd close below 1st close AND above RSI 30
*Bonus : 2nd close below lower BBand
Target/Take profit : Between 1H and 12H EMAs200.
Stop loss : If the 12H RSI close under 30.
Not financial advice. Trade safe.
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