BitcoinLong
BTCUSD - Long Swing/Scalp Trade
Updated
Premise:
1. The H4 timeframe SRSI will show a Regular Bullish Divergence
2. The lower and upper trend lines/triangle bounds will both be tested
3. The H4 180MA (essentially this is the 30 day moving average) will be tested
Execution:
1. 1:2:3:4 scale in at 6540 - 6510, 1.5x leverage
2. Stop Loss : 6487
3. TP1 : 6627-6652
4. TP2 : 6757
Result:
1. A 2:83:1 RR trade is completed
1. The H4 timeframe SRSI will show a Regular Bullish Divergence
2. The lower and upper trend lines/triangle bounds will both be tested
3. The H4 180MA (essentially this is the 30 day moving average) will be tested
Execution:
1. 1:2:3:4 scale in at 6540 - 6510, 1.5x leverage
2. Stop Loss : 6487
3. TP1 : 6627-6652
4. TP2 : 6757
Result:
1. A 2:83:1 RR trade is completed
Note
My apologies, forgot to illustrate possible beardiv.Note
Note
Bulldiv*Note
Local hourly bulldiv appearsNote
Stop ran. Holding some of my entry at low leverage, will look for a short.Note
Note
Was able to reduce loss and stop myself out. One day time out - see y'all on 12th.
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