Short

BTC (Prj.2019).Potential opportunity to go short.

Updated

I'm watching this, a bullish divergence in its infancy. Need to keep an eye out for this.
- hockey stick formation usually gives success
- psychological number, 10K people tend to defend or go in once it passes above it
- condition required : RSI requires to be bullish while price doesn't match it (held back) for some duration.
- previous support line, 10K.

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With a few assumptions

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be careful, not a strong signal in the divergence.. it could have played out already.

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Looking at the shape properly now. RSI also looking bullish divergence on the 1 hrly

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Likely scenario

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taking forever

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broke the formation ... sign of weakness, jitters. i exited majority at 10220

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Waiting on the gold pocket, hit the 0.5 fib retracement...another short to do (enter)

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Update: We are now stuck in a channel and will need to wait for more information from the RSI\Stoch when it hits the bottom of the channel. For now, assume more sideways movement.

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Breakout completed. A bit more higher to go?

Another Macro perspective

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hopefully you had a successful trade, this round I had x2

Trade closed: target reached

:)

ssari

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Related publications

BTC (Prj.2019.P04.E02).MICRO Level Analysis

by ssari

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