BTC medium risk long
Updated
We got the segwit fud just as expected a couple of weeks before Aug. One segwit deadline was missed and has hit the news but people should keep in mind that it was the one that required 95% signalling and nobody counted on that anyway, real deadlines are still ahead. Price has been slowly moving down and people are throwing around 100's of theories on how everything will crash and yadayadayada...
Perfect opportunity to do a risky trade when others are fearful, just make sure to put stops if you decide to enter here.
Doing 3 timeframes and we have a fractal forming on the 4h and on 1h/30min we have divergences all over the place, since more than 3 indicators have given strong bounce signals and people are screaming crash I feel like a good time to enter even though I would prefer to see a trend shift first and then enter, if you feel the risk is too high you can wait another day or two to see if you get trend reversal signals as well and then jump in.
Happy trading and dont forget your stops!
Ive got my stop at 1855, TP1 at 2120, TP2 at 2210, TP3 at 2260 and TP4 at 2340. Stop is final but the TP's will be taken depending on market sentiment.
Perfect opportunity to do a risky trade when others are fearful, just make sure to put stops if you decide to enter here.
Doing 3 timeframes and we have a fractal forming on the 4h and on 1h/30min we have divergences all over the place, since more than 3 indicators have given strong bounce signals and people are screaming crash I feel like a good time to enter even though I would prefer to see a trend shift first and then enter, if you feel the risk is too high you can wait another day or two to see if you get trend reversal signals as well and then jump in.
Happy trading and dont forget your stops!
Ive got my stop at 1855, TP1 at 2120, TP2 at 2210, TP3 at 2260 and TP4 at 2340. Stop is final but the TP's will be taken depending on market sentiment.
Trade closed: stop reached
Wow that went fast, stop reached, trade closed. Will stand aside to wait for those reversal signals.Trade active
Reopened shortly after stop was hit, I simply put the stop too tight first time.
Trader4life, with some berries on top
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