Dear all,
I try to remember the hardest Lesson everyday "On green days you look for a sell and on red for a buy".
We had a good series of green...
Here we had a really interesting rally. Compared to other analysis, I don't think we've breached resistance but that we actually touched them.
In case of bullish div at resistance I would go long above. However here we have resistance + bearish divergence = short.
I based targets on previous BTC price action. Last big jump where a bearish divergence finally occured had a 61.8% retracement which in that case here would bring us around $6,700 at max.
That's the highest target of course.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
I try to remember the hardest Lesson everyday "On green days you look for a sell and on red for a buy".
We had a good series of green...
Here we had a really interesting rally. Compared to other analysis, I don't think we've breached resistance but that we actually touched them.
In case of bullish div at resistance I would go long above. However here we have resistance + bearish divergence = short.
I based targets on previous BTC price action. Last big jump where a bearish divergence finally occured had a 61.8% retracement which in that case here would bring us around $6,700 at max.
That's the highest target of course.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Trade active
Confirmed by MACD Note
Another view for people who want wicks included on the fib level: Note
The RSI does not update on clicking play but this last move created another bearish div on RSI. This smaller one could be the trigger.Note
Here is a view published from this daily closing: 
Trade closed: stop reached
Indeed stop reached trade close even tho the bearish div is still here
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.