RE: The chart I’m watching is BTS
@cryptographic - Sir, I'm not a technical woman, but after reading your articles I understood few indicators that you are using with your price predictions...
In this post you used Bollinger Band indicator along with Relative Strength Index & Volume Based Indicators... Sir I think I found the meaning of your combined usage of these indicators as follows...
To determine breakout direction we can use these 3 indicators...
If there is a positive divergence – that is, if indicators are heading upward while price is heading down or neutral – it is a bullish sign. For further confirmation, look for volume to build on up days. On the other hand, if price is moving higher but the indicators are showing negative divergence, look for a downside breakout, especially if there have been increasing volume spikes on down days.
https://www.investopedia.com/articles/technical/04/030304.asp
Sir, now I understood one of your professional analysis methodology & I'm predicting BTS is ready to a bull trend...
If indicators are heading upward while price is heading down or neutral – it is a bullish sign.
Thank you Sir... Glad I found a genius trader & teacher like you do...
+W+
In this case we didn't get a lower low, but we are getting positive confirmation from the indicators on the higher low, which is also a good thing. Volume has also picked up noteably on the up days. Looking a-ok for now.