There no 100% trading setup, One thing that works 100% is risk management don' forget that.
Its just hard to ignore the divergence in 3hr tf so if you take this short its gonna be at very low risk with a high reward setup we have so many confluence of taking this short if you look on daily tf 50ma is acting resistance and on this chart r1 is acting resistance and if you use the cow indicator 1hr is now printing a trend change direction so you can join me...
good to buy on this level now with low risk and high reward setup..
This is good opportunity to sell you can sell now or wait for the price to hit the entry.. cheers
WAIT FOR THE PRICE HIT THE ENTRY LEVEL OR ENTRY WHEN PRICE BREAK THE SUPPORT
Currently sitting in 618fib ratio a good area to long with low risk
Let see if we are on the right track on this rising wedge
As of this moment in daily tf we can clearly see that we are still in a bearish market so best to play is in the chart ..
Momentum is going slow in favor of bear in hourly tf but would be great to wait for breakout before entry.. and let the market decide trade safe.. :)
I spoted multiple rejection in higher tf let see if resistance will hold and bring us to our tp
A possible scenario if red candle is printed and sell signal shows up there no confirmation at the moment but this R&R is good or wait for 1.2300 to break before entry.
Looks like btc is getting weak possible downward movement if break support
It looks like asset looks weak so this could be a nice setup no signal for buy yet but will see if we get this move
asset needs to break the green line in order to reach our tp 2 and 3 watch for the price action when reach green line