Next stop if we keep going down is the red box, where I consider going long to play this bounce.
- Only going long if we hold the red box.
Tight S/L would be under the red box.
Will update if we're there.
- Only going long if we hold the red box.
Tight S/L would be under the red box.
Will update if we're there.
Trade active:
And we reached exactly the red box, we see bullish divergence on 1hr / 4 hr on macd / rsi and obv, so things look good for now.
Trade active:
Target reached. Nice 500-600 points profit per 1 BTC :-)
We still might go to test the yellow line at 6841 (and maybe if we break it easly with volume free run to 7000-7200 area)
2 Options:
- Would close at 6620-6650.
- Or eiter close 50% now and let 50% run with trailing stop.
However Stoch RSI (4hr) is overbought, RSI (4hr) is highest since 3 months. And I see bearish divergence on the 4hr. So I expect a correction coming 4hr-8hrs.
We still might go to test the yellow line at 6841 (and maybe if we break it easly with volume free run to 7000-7200 area)
2 Options:
- Would close at 6620-6650.
- Or eiter close 50% now and let 50% run with trailing stop.
However Stoch RSI (4hr) is overbought, RSI (4hr) is highest since 3 months. And I see bearish divergence on the 4hr. So I expect a correction coming 4hr-8hrs.
Trade active:
Price stopped exactly at blue line. If you're still long in the trade (or 50%), maybe take some profit now. 7350-7400 USD.
RSI super high, so let it cool down and I'll look at 7045-7200 USD levels to consider to go long again.
RSI super high, so let it cool down and I'll look at 7045-7200 USD levels to consider to go long again.