BTCUSD: monitoring a possible reversal
Updated
A bearish divergence forming on the 4hr, possible reversal will likely be put into play.
It is entirely possible for BTCUSD to break the upwards TL from here, but if there is strong support around the 3700 range, look to add to your longs. This could be the final bear trap as we approach another A.T.H.
It is entirely possible for BTCUSD to break the upwards TL from here, but if there is strong support around the 3700 range, look to add to your longs. This could be the final bear trap as we approach another A.T.H.
Trade active
short entered. aiming for a 50% retracementTrade closed: stop reached
Broke above the TL and PVT showing a hidden bull now. the hourly still suggests a pull back, but the pull back will likely be to the TL.Trade active
entered short again, looking for a PT around 4200Trade closed: stop reached
broke out of the 3 drive, this is going to break out
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