Long
Updated

REEF - bullish divergence

966
On the above 2-day charts price action on both dollar (left) and Bitcoin pairs has corrected almost 80%. Now is an excellent time to be bullish. Why?

1) Both pairs print ‘incredible buy’

2) MACD on the 2-day crosses up.

3) Both pairs print a break of RSI resistance.

4) Stochastic RSI prints regular bullish divergence with price action on the dollar chart.

Is it possible price action corrects further? For sure.

Is it probable? Very unlikely.

Good luck!

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Note
11 oscillators printing bullish divergence over a 10-day period on the 2-day chart below - exciting. Think of it this way, more oscillators the further back the elastic on the catapult is pulled.

snapshot

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