Long

BTC - Adjusted trade - Divergence increasing

By Decrypt0

Updated

Higher stakes.
Divergence and pattern extended

Could possibly fake out to stronger support before bouncing up

Note

Trade active

LL was printed on the last bar, 08:00, even so divergence card is still in play.
Optimal case is that we rebound from 8,8k to my target.
Worst case scenario the bullish candle will be taken out to 8650$ before something happens and i will get stopped out with a 3,5% loss.

Based of screen cap above i find it unlikely that we will be re-visiting mid 7k at this point! But with BTC you never know :-)

Trade active

Small upside break , Nothing significant yet. Positive development for now though.

Trade active

Appears this candle is getting pressure from the bears, The ascending support is now acting resistive and we could see a test of the horizontal support.

Trade active

Living on the edge! Margin feels bad atm.
Thinking about closing the trade with the small profit i have and go 1x Long from here instead.

Trade closed manually

Difficult to determine where BTC is headed for now. Divergence is still bullish but i see more bearish sign right now. For a short term trade i feel a more profitable position will come.

Trade active

Trade re-opened, new chart coming tonight! staying bullish.

Note

Quote from trade post in this chart. Now we hit 8,8k so lets dig deeper.

"LL was printed on the last bar, 08:00, even so divergence card is still in play.
Optimal case is that we rebound from 8,8k to my target.
Worst case scenario the bullish candle will be taken out to 8650$ before something happens and i will get stopped out with a 3,5% loss."

New chart today :-)

Decrypt0

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