The first significant (12h timeframe) strongest bullish signal just flashed on Bitcoin. We can see the true divergence with Elder’s Force Index, which was formed on the major support and next to Monthly S1. Moreover the Envelope’s lower band is here. All these factors give us the high probability setup for the long signal.
It looks like we can execute long positions, but I want to wait the true divergence with MACD and Force Index on the 1d timeframe. If we will not see the sharp downside impulse today those signals are going to be flashed. Let’s wait!