BTC 4h bearish divergence + resistance = short
Dear all,
I try to remember the hardest Lesson everyday "On green days you look for a sell and on red for a buy".
We had a good series of green...
Here we had a really interesting rally. Compared to other analysis, I don't think we've breached resistance but that we actually touched them.
In case of bullish div at resistance I would go long above. However here we have resistance + bearish divergence = short.
I based targets on previous BTC price action. Last big jump where a bearish divergence finally occured had a 61.8% retracement which in that case here would bring us around $6,700 at max.
That's the highest target of course.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
I try to remember the hardest Lesson everyday "On green days you look for a sell and on red for a buy".
We had a good series of green...
Here we had a really interesting rally. Compared to other analysis, I don't think we've breached resistance but that we actually touched them.
In case of bullish div at resistance I would go long above. However here we have resistance + bearish divergence = short.
I based targets on previous BTC price action. Last big jump where a bearish divergence finally occured had a 61.8% retracement which in that case here would bring us around $6,700 at max.
That's the highest target of course.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
تم فتح الصفقة
Confirmed by MACD ملاحظة
Another view for people who want wicks included on the fib level: ملاحظة
The RSI does not update on clicking play but this last move created another bearish div on RSI. This smaller one could be the trigger.ملاحظة
Here is a view published from this daily closing: 
أغلقت الصفقة: تم الوصول لوقف الخسارة
Indeed stop reached trade close even tho the bearish div is still here
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.