BEARISH DIVERGENCE IN BTCUSD DAILY
Updated
Short trigger = break of channel to the downside
Enter = go to lower time frime 4H-1H to find a good entry point
Exit = 42.000-42.150 $ is the first support, 35.000-35.500 $ (CME gap considered) low probability exit
Stop loss = break line of channel + 1ATR in entry TF
goodluck!
Enter = go to lower time frime 4H-1H to find a good entry point
Exit = 42.000-42.150 $ is the first support, 35.000-35.500 $ (CME gap considered) low probability exit
Stop loss = break line of channel + 1ATR in entry TF
goodluck!
Note
price hit the upper line of the rising channel and got a massive rejection. at this point you can enter a trade short using the intra day TF or wait until the channel is broken to the downside.
Trade active
Note
enjoy the ride to 41K after that 38k most likely.Note
bears are losing momentum on the hourly.if bulls take it up to 46700$ then the main bullish trend can continue again.
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