BTC/USD approached the support of the channel, which is already a good signal, because the support is strong. With the recent fall of the BTC / USD, the overheating on the indicators disappeared. Divergence is possible on a small timeframe (not yet formed). Possible profit: 0.6-1.3%. Stop loss just below the support level. Expected Duration: 11 bars, 1d 9h.
Note
Update 1:The idea of buying BTC becomes even more relevant, since there was a divergence at 1h time frame and we are still above support + indicators are oversold.
Trade closed: stop reached
The minimum goal was achieved, but there were no signals to close the position, so I expected the signal to be fully processed. The assumption of continued growth was not justified and should have stopped with a halt.However, now another 2 signals appear on the market, because the third peak of convergence appeared on MACD, and the indicators are oversold. In this case, the stop loss is very close.
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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.