BTCUSD - Daily Hidden Bearish Divergence with Fib play
Looking for short entries on 15/30min timesframes.
Daily timeframe is due for a pullback, with the current high failing to clear previous high, painting a hidden divergence with a fib continuation pattern.
I'm hoping I'm wrong, but Initial analysis suggests 5500 is a possible downtrend target. The strategy is to find a good short entry, that allows me to hedge on the way down.
Alternatively, there is a possibility of a bounce at 7380-7500 region.
Daily timeframe is due for a pullback, with the current high failing to clear previous high, painting a hidden divergence with a fib continuation pattern.
I'm hoping I'm wrong, but Initial analysis suggests 5500 is a possible downtrend target. The strategy is to find a good short entry, that allows me to hedge on the way down.
Alternatively, there is a possibility of a bounce at 7380-7500 region.
Trade active
In short from 8114 on September futs, stop is in profit and below entry. Going out for a bit - don't mind if I'm stopped out, don't mind if it dumps.Trade closed manually
Stopping out in profit, hoping to readd on the move up.Trade active
Missed to mark it here, entered at the previous sell signal on OneX Scalping IndicatorLooking for this fib formation
Note
P.s. I did see the HnS on 4hr+ charts.Note
Situation has changed. Staying out for now, putting up a new update.
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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.