Btc retrace before dump
BTCUSD got rejected at 6.8k and has been falling like a brick , i think it isnt done yet and we will still see a lower low very soon,
As shown in the chart , we can see a bullish divergence on the hourly using the stochastic and Rsi indicators . Both oversold,I personally still have a short from 6800 running and hedged it with a scalp long using XBTUSD from 6175 , with a stop at 6030 , targets are on the chart before we start new impulse down moves , Targets are the points on the chart.
As shown in the chart , we can see a bullish divergence on the hourly using the stochastic and Rsi indicators . Both oversold,I personally still have a short from 6800 running and hedged it with a scalp long using XBTUSD from 6175 , with a stop at 6030 , targets are on the chart before we start new impulse down moves , Targets are the points on the chart.
Trade closed: target reached
hit the first target, i will be updating here when i will be shorting from, will start shorting from 6.3k to 65.k
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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.