Hidden Bullish Divergence on 3-Day chart
Updated
We were all waiting for a breakout out of this symmetrical triangle visible on 4H or 1D chart. Finally Bitcoin broke it upwards with quite a bit of volume which gives me confidence that it's not a fakeout.
Now I'm also confident that hidden bullish divergence that I noticed on 3-day chart is meaningful.
Another important indicator is White Energy crossing above 50. I'm talking about private indicator called Phoenix 1.119 by WyckoffMode.
Target is around 13800 but I could change it later depending on some key indicators that I'm watching. So click Follow This Idea to get notified about my updates.
Now I'm also confident that hidden bullish divergence that I noticed on 3-day chart is meaningful.
Another important indicator is White Energy crossing above 50. I'm talking about private indicator called Phoenix 1.119 by WyckoffMode.
Target is around 13800 but I could change it later depending on some key indicators that I'm watching. So click Follow This Idea to get notified about my updates.
Note
This is my very first idea published on TradingView, so a LIKE would be greatly appreciated.Note
The trade turned out very nice. Current price is 12982Target not reached yet but I'm closing half of my position here because White Energy on 1-Day chart dropped bellow 50. Profit from entry price (10894) is 19.2%
Trade closed: target reached
Closed remaining of position because target was reached few days ago. Congrats if you followed.
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.