Analyzing BTCUSDT on a 4H timeframe (using Stochastic RSI Indicator)

Hello guys,
You are welcome to my blog today. It's another day of learning and trading and for that reason, I decided to trade the father of all crypto of today so that we may know the direction where the market will be taking if there is no news.

I have been patiently waiting for the market for a while now. According to the Stochastic RSI Indicator, the market will be bullish as it has given out the signal already but I also needed to see the 4H candle close bullish or with a longer lower wick to determine that sellers are losing momentum.

So when he was already left with an hour and 30M, I decided to take a screenshot of the market as you can see in the image above. This wasn't for me to enter the trade but to get myself prepared because I saw a bullish signal.

I have always said as a trader, you wait for the market to come to you and not you going to the market. For that reason, I had to wait for the closure of the 4H candle to know exactly the direction of the market to take.

When the time was about 30M to close the candle, I still took a screenshot of the market to confirm if my assertion towards the market was moving as expected. Seeing that it was moving as expected, I decided to place my buy logo as you can see in the screenshot below.

So I'm just waiting for the closure to enter the demo trade. I'm hoping to share the outcome of this very trade with you all in my next publication because I will be holding this position for a long time if there is no news in the market to affect the price movement.

This is to say, based on technical analysis, I have complete trust in the strategies I have used here and I'm positive that the market will go in my predicted direction. So we will see to that when the result of the trade is posted here.

^{Demo trade}

If you are reading my article about 5:00 a.m. Nigeria time then I suggest you take the trade because it's a live analysis of the market and I'm sure that the strategy will work like magic except if there is any news to interfere with the result.

If you have any questions or contributions, please use the comment section of this post and I will be glad to attend to it ASAP. Until we see it again in the next publication. Have a lovely trading life guys.

Disclaimer: ^{This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your research and consult a financial advisor.}