RomanBFX

RomanBFX Updated 

Do not pay attention to the trendlines and support lines, it's on algorithmic for this picture. The target on the downside to start thinking about longs was between 25k and 26k. The oversold signal on the RSI gives me the entry, the trade is already open and running. The risk is 200usd since the ratio is 103-1. Yes, it might be too much, but that's the...

RomanBFX Updated 

If we don't break above the previous highs with a daily candle, we should spect some throwback and a possible visit to the range from 24.600 to 25.600. Remember, this is not financial advice, is just an analysis based on pure price action. I do not own any bitcoin and I'm not short with a position either. This is just my clear view without bias.

RomanBFX Updated 

If the price manages to stay below the 50 Ema we should start looking for a short setup The price has been rejected by the 800 Ema Bullish TL broke TDI in position to go short but wait, there's some DV on the bottom of the RSI telling us to be careful and wait until that DV is broken

RomanBFX

Shift candle coming out of the Emas Countertrend so the risk will be 0.5%

RomanBFX

TDI giving us the ok to go long * bullish DV * bearish TL broke LOOK FOR LONG SETUPS ONLY IF WE STAY ABOVE THE 50 EMA

RomanBFX

As we can see on the TDI, the bearish DV is broken and now is creating a bullish DV on the bottom Is a good signal to stay above the 50 Ema Be careful @ 8902.19 the price might pull back a little

RomanBFX

The price has been rejected by the 200 Ema on the last two sessions Bullish DV on the RSI Swapping L50 so the risk will be less (0.5%) I usually risk 1% Be careful with the sensitivity zone @ 84.400, price might bounce back a little from there

RomanBFX

The price is actually on a reset after a reversal Now we have two possible scenarios If we can stay above the 800 Ema, we should start looking for some long setups If we don't get to stay there, do not look for short entries due to the bullish DV on the bottom of the RSI Keep an eye on the TDI, at the moment is not allowing us to go long until the L50 swap zones

RomanBFX

shift candle coming out of the 21 Ema TDI telling us to go long Broken DV Yellow line is our BE

RomanBFX

TDI showing us some bearish DV on top If we manage to break the 50 Ema we could see some bearish move

RomanBFX

TDI in proper position EMAs on an Uptrend Wait for the correct pattern coming out of the Emas and also wait to break the Asian range

RomanBFX

If the price can stay above the 200 Ema we could see some bullish move The price has been rejected twice by the 200 Ema already Wait until the bearish TL its broken and be careful with the 800 Ema Once the TL gets broken and the 800 Ema as well, we can start looking for a long position

RomanBFX

There's a nice LONG scenario, but give the price some space to pullback a few pips and wait to break the resistance marked up to start looking for long entries

RomanBFX

The price is currently trying to break a bearish TL There's some divergence on the top of the RSI, that doesn't mean it's going down, is just telling us not to go long and wait to see how the price reacts to our high reaction points (EMAs, TL, support, etc) Once the price manages to break the 200 Ema and the bearish TL, prepare and get ready to look for a long...

RomanBFX

The price has been rejected by the support + divergence on the bottom of the RSI If the price manage to break the 50 Ema we could see a bullish move till the 200 Ema

RomanBFX

Price bouncing off the resistance, breaking the 50 Ema + bullish divergence on the Rsi So everything is telling us to prepare for a reversal If the price cannot manage to stay above the 50 Ema we could expect a possible reset

RomanBFX

This is an example of how divergence keeps me out of bad trades You cannot buy because price action is rising and you cannot sell because of the divergence on top of the RSI, you have to work with both together and wait until everything is aligned on your favor

RomanBFX

If the price get to break the 800 Ema we could see price rising till 7433.00 witch is a clear resistance on the 15 min TF So it might pull back a little bit before breaking it to then get inside that B area marked up on the chart