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Bearish Div on the 4 HR
Bitcoin
Short
Bearish Div on the 4 HR
By cmcbtc
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Updated
Jul 24, 2018
4
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Jul 23, 2018
Strong bearish divergence showing on the 4 hr. It's not really showing on the daily yet so I'm not expecting a big move.
But, shorting BTC here hedges my margin long alt buys. Both have good R/R's, so if one play stops out the other should still make enough to cover.
Targeting 6,880 for the short even though everyone says we won't get there... We'll see!
Jul 24, 2018
Trade active
still open, but not looking good.
great example of why we use tight risk management.
Jul 26, 2018
Trade closed: stop reached
stopped out.
lesson learned?- when there's this kind of bullish momentum a safer play would be to wait for confirmation on the daily.
BTCUSD
Chart Patterns
Technical Indicators
Trend Analysis
cmcbtc
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