BTCUSD: Over the edge
Updated
Currently short.
4-hr, 1-hr bearish divergence. Lower high on the 15 min timeframe, sideways out of a rising wedge. Wicks in both directions (liquidation / stop hunt).
Target range is wide, from 6400 for a small retracement down to 5.8k for deeper retrace.
4-hr, 1-hr bearish divergence. Lower high on the 15 min timeframe, sideways out of a rising wedge. Wicks in both directions (liquidation / stop hunt).
Target range is wide, from 6400 for a small retracement down to 5.8k for deeper retrace.
Note
Failure to make a new significant low, i may close this short soon. Stoploss inside break even ensures no loss from the tradeTrade closed: stop reached
Trade closed, stopped at break even. Risk management is key for saving you $$$$Trade active
Re-opened trade at 6695 on exit of the wedge, with bear divergence (again second time). Stops now at break even.
Note
Risky to short from 6350 now, risky to buy (go long). Going flat. Waiting
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