LRCBTC bullish divergence on the 4h, looking for a near-term pop
LRC is showing a nice MACD bullish divergence on the 4h chart that should give rise to a near-term pop. Recent lows of 1478 and 1471 have been set on diminished weakness on the histogram and the 12h MACD histogram is also tight and ready for some positive movement. Daily needs a little time, but that does not preclude the 4h bullish divergence from acting out within the context of the tight 12h and seeing a near-term wick toward 1585 or higher.
Trading 1518, tight stop here of 1465. Buy 1520 or below.
Trading 1518, tight stop here of 1465. Buy 1520 or below.
Trade closed: stop reached
Stop triggered at 1465.Note
We have opened this trade back up LRC did not fall support is holding Bitcoin looks sideways.Trade active
Note
New Stop 1409Note
LRC is still primed and ready for a pop off of that 4H bullish divergence. Quiet here around the 1470 area but patience should reward here. Divergence is actually more pronounced now than it was back on Feb. 8th/9th. Looking for a wick toward 1585 or better for the exit.
Stop at 1409.
Trade closed: target reached
LRC popped overnight to 1650, so hopefully some of you who went long took profits between 1585 and 1650.Note
LRC is Moving!
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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.