(4-16) Bitcoin 15min Div Setting Up
Bull Divergence on Bitcoin is my main trade, and to be honest I only should trade this kind of trade. This is a setup to snipe the bottom of the would-be double bottom W
Snag entries in that zone, snipe big towards the bottom, Tight stop loss a little under the zone. Maybe 7840ish or less. OR wait for Bull divergence to form on 5m or 3m for confirmation.
TP 1 Conservatevely is at the middle of the small would be W at 7999. Usually Aiming for 1:1 Profit with this take profit because this pays out the most, and you wanna snatch that profit.
TP2 8100
Note* It's technically not divergent until it rejects the bottom. This is spotting it before. A good range for pendings would be 7920 and lower
Snag entries in that zone, snipe big towards the bottom, Tight stop loss a little under the zone. Maybe 7840ish or less. OR wait for Bull divergence to form on 5m or 3m for confirmation.
TP 1 Conservatevely is at the middle of the small would be W at 7999. Usually Aiming for 1:1 Profit with this take profit because this pays out the most, and you wanna snatch that profit.
TP2 8100
Note* It's technically not divergent until it rejects the bottom. This is spotting it before. A good range for pendings would be 7920 and lower
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.