BTCUSDT Long position setup

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BTCUSDT Long position setup

Bitcoin / TetherKUCOIN:BTCUSDT
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The AR Forecast indicator (by Steversteves) seems to play very well with the key levels generated by the 'predict beta' indicator. The price is still taking its time at the support zone. Another divergence could occur in order to gather more momentum. However, if the momentum is not enough, the price may still break the support and the lower 50% key level. More buyers should step in to push the price upward.

I would place a stop market order at 61141.5, which is basically the opening price of the candle with the lowest RSI value. When the price gets lower than the price pf this candle with an RSI value also less than this candle's RSI value, a new lower low is expected. On one hand, if price breaks the 61141 level, expect the price to reach the Median 50% level.

/please DYOR/trade at your own risk.

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