A short position entered at 0.8475. A bearish divergence witnessed on the RSI.
Looking for the TP at the support level drawn, potential to drop it lower however. - 0.8334
SL is placed at a resistance level. - 0.8535
A hidden bullish divergence is shown upon ETH/USD, unsure about ETH/BTC. Price made a higher low, with the RSI making a lower low. Potential to push up from here. Ideal entry point would have been earlier on, when RSI and price were slightly lower however, I believe this is still a suitable set-up.
SL - $636 - this is the most recent low made, past here will be a...
A hidden bullish divergence on the RSI.
RSI is currently forming a lower low, just recovered from 'oversold'
Price is currently forming what appears a higher low.
These indicate a 'hidden bullish divergence' and is a buy signal for me.
SL @ the previous low (1.48222).
TP @ at the top green line (1.59109), however areas of interest are the other green lines -...
Bullish Divergence occuring, however news within the week for both the US and UK than can impact this greatly. Not placing this trade myself, just an idea and allowing me to view how it would play out.
With a recent higher high on the price, with a rejection from a resistance level and a bearish divergence on the RSI. Believed the bulls are loosing momentum, with a reversal incoming. Expecting a touch of the lower support level, therefore TP is placed here, and a SL of the top of recent high.
No higher highs on the price but higher highs and higher lows on the RSI. SL is placed just below the support level, with TP at the next resistance line. Big questions to ask however, as this can easily be prevented due to any surprise movements that Bitcoin may make.
A bullish divergence, with a recent bounce from a support level. SL Placed after the current low from the wicks testing the support level and TP is currently at the resistance level. However, shall update upon the trade depending on the movement. Possibility of moving TP further, upto top of the trend line. Slightly risky due to unemployment rate announcement on the 15th.
BTC Sell-off, no significant volume and RSI is oversold. In between two support resistance levels. SL just under the support line, and TP at the resistance level. Hoping for a bounce from here, only a Short Term trade.
I dont only ever short, I am bullish, occasionally. Currently following the downtrend evidenced, and seems to touch the top band, then reject it to go on and touch the bottom line. Recently touched the top, rejected and drop, and has climbed just above the mean value in the downtrend. Expecting a sell off again here.
Looking to short XMR around this $233 mark as is a resistance level. Recently broke out of downward 'channel'. Expecting a retrace when nearing the resistance level, to retrace and use the top of the 'channel'(for want of a better term) .