BTC has had a big upswing to the top of the range that it has been working in for the last couple of weeks and on the 4 hr close achieved a SFP indicating it might drop back down.
RSI is not fully oversold on the 4 hr just yet, but this is worth a shot IMO and presents good R:R at this point in time
RSI is not fully oversold on the 4 hr just yet, but this is worth a shot IMO and presents good R:R at this point in time
Note
Just to note i will close this trade if price does not drop reasonably quickly and consolidates at the top of the range beneath the resistance line, this would signify an impending breakout IMOTrade closed manually
Im going to close out this trade as the price didn't drop quick enough and is forming a pennant on the lowert ime framesNote
flipped long actuallyNote
might have played myself here welp
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.