Next stop if we keep going down is the red box, where I consider going long to play this bounce.
- Only going long if we hold the red box.
Tight S/L would be under the red box.
Will update if we're there.
- Only going long if we hold the red box.
Tight S/L would be under the red box.
Will update if we're there.
Trade active
And we reached exactly the red box, we see bullish divergence on 1hr / 4 hr on macd / rsi and obv, so things look good for now.Trade active
Target reached. Nice 500-600 points profit per 1 BTC :-)We still might go to test the yellow line at 6841 (and maybe if we break it easly with volume free run to 7000-7200 area)
2 Options:
- Would close at 6620-6650.
- Or eiter close 50% now and let 50% run with trailing stop.
However Stoch RSI (4hr) is overbought, RSI (4hr) is highest since 3 months. And I see bearish divergence on the 4hr. So I expect a correction coming 4hr-8hrs.
Trade active
Price stopped exactly at blue line. If you're still long in the trade (or 50%), maybe take some profit now. 7350-7400 USD.RSI super high, so let it cool down and I'll look at 7045-7200 USD levels to consider to go long again.
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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.