Watching for bearish divergence on BTCUSD
Marked are levels to confirm or invalidate the move
Now: Sell at own discretion at current price 4363
Near future: Buy 3950-4050, watch for bounce 4200 level
This post is a follow up from last, where I marked level to sell at, I sold this portion of my stack at 4350.
DO NOT SELL FULL STACK. This move should only be followed with small portion to mitigate possible losses if pattern fails.
Current positions:
LONG BTCUSD 3000, Target 5000, Stoploss 2750
MEDIUM TERM: 3960, Target 4350, Stoploss 3490 (SOLD 4350)
Best of luck
Marked are levels to confirm or invalidate the move
Now: Sell at own discretion at current price 4363
Near future: Buy 3950-4050, watch for bounce 4200 level
This post is a follow up from last, where I marked level to sell at, I sold this portion of my stack at 4350.
DO NOT SELL FULL STACK. This move should only be followed with small portion to mitigate possible losses if pattern fails.
Current positions:
LONG BTCUSD 3000, Target 5000, Stoploss 2750
MEDIUM TERM: 3960, Target 4350, Stoploss 3490 (SOLD 4350)
Best of luck
Order cancelled:
Break upward validation level. Pattern no longer valid
Comment:
There was a clear break of 4430, however the bear divergence is still showing on 4hr with candle wicks beyond validation level. Still could be in for some downside, its just a matter of how much
Comment:
I call pattern no longer valid, but later the wicks show different story that it couldn't pass that level. Updated chart here
Comment:
Clear break of confirmation level