BitcoinLong
BTCUSD - Long Fib Play
Updated
Premise:
1. A Hidden Bullish Divergence will form on the hourly
2. Price will return to the green zone for a bullish retrace
Execution:
1. Enter Long from 6196 to 6110
2. Stop Loss at 6000
3. Target 6734
Result:
1. 5.98:1 Reward:Risk trade.
1. A Hidden Bullish Divergence will form on the hourly
2. Price will return to the green zone for a bullish retrace
Execution:
1. Enter Long from 6196 to 6110
2. Stop Loss at 6000
3. Target 6734
Result:
1. 5.98:1 Reward:Risk trade.
Trade closed: target reached
Premise 1 has failed - putting a stop at entry of 6153.Note
Accidentally wrote trade closed - intended to make a comment. Stop is at Entry.
Note
Closed half at 6430Note
Stop moved to 6270Trade closed: stop reached
Target not hit but I did take majority of my profit - its a win nonetheless
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