Johnsnow_CK

Johnsnow_CK

M15 Period: - Trend: Down - Rising wedge is forming Consider for a SHORT if 1. Breakout lower side 2. Confirmation with a Lower High Like if u agree and share your idea to have safe trades buddies!

Johnsnow_CK

H4: - Trend: Up - Price approached a key resistance with an Evening Star pattern at top - RSI Bearish divergence I am waiting for a correction wave and a reliable Price action at level 174$. If a Bullish signal occurs, we can have a Long position with TP at 204$

Johnsnow_CK

Break out of a Triangle, target at 189.55$. we still have a chance The entry condition is a new HL above the upper side of the triangle.

Johnsnow_CK Updated 

BTC tends to break a rising flag. Worth for a RR: 2:1 (loss of 54$ for 1 BTC)???

Johnsnow_CK

tripple RSI divergence

Johnsnow_CK

There are several signals for a good SHORT strategy 1. A Rising wedge is broken out and retest has been completed 2. A Strong rejection at the resistance occurs 3. Head and Shoulder pattern => Bears come back, seeking for a good entry.

Johnsnow_CK

D1: Down trend H4: Up trend H4: Breakout of a rising wedge Wait and See how BTC reacts to the key level Scenario 1 or 2 will happen??? Let me know your comments Seek a reliable signal from market, high volatility, be careful with margin trading

Johnsnow_CK

1. Trend: D1: Down trend. H4: Up trend 2. Market context: Moving in a bullish wedge after a bullish wave => continual trend pattern Upper side of the wedge is tested 5 times -> weakening resistance RSI bullish divergence in M15 with a strong rejection Pinbar of support A convergence point from 3 lines around 182 (psychological level, bottom of a...

Johnsnow_CK Updated 

- Break out lower side of triangle - A pull back to support is expected => Wait for a retest and a lower high Entry at the falling edge

Johnsnow_CK Updated 

- Break out - Wait for a retest and create a lower high.

Johnsnow_CK

-> M15: RSI hits oversold for the first time after a strong bullish wave -> Correction wave at 0.382 Fibo has been done -> H4 trend is UP Guess: -> Another bullish wave come and price hits ~180$ (key resistance) -> RSI bearish divergence in H1 period will occur Long position after a breakout and retest!

Johnsnow_CK

=> Price hit the Resistance => RSI bearish divergence in M15 => There should be a short pull back before jumping higher