I already opened a short on btc due to a bearish divergance getting formed on btc (shown in yellow line) on the 4h chart and it's quite overbought on the other timeframes right now. right now it's cancelling the bearish divergance because it went down and didn't close the candle up at 43.2k but I'm still keeping the short trade open because i know btc can't close above 43.2k or else it will still create the divergance so either way im shorting. This is just a quick update and I'm going to start making these short updates to tell you guys what I'm doing with my trades and why! next times the text will be shorter and more straightforward!
MY TRADE
X5 leverage
Stoploss: 44.1k
Take profit: 41.5k
MY TRADE
X5 leverage
Stoploss: 44.1k
Take profit: 41.5k
Trade active:
A 4h candle just closed 30 minutes ago and it created the exact bearish divergance i was talking about! Now comes the real drop! Goodluck traders!
Comment:
Don't sweat on this pump guys trust me it's just a fakeout, a bulltrap! don't close your short trade just make sure you have a stoploss for worst case scenario. you guys will see what i mean and will come back here once bitcoin goes below 42k
Comment:
You guys got stoplossed my bad my trade is still on sl is 44.3k because i let you guys lose a trade, I'll make you guys a good trade next one to make sure you get the lost money and more back one btc goes 41k
