Long

BTC 4 hour - Long Shot

Updated

So another trade to offer, and we're in the Neutral Zone. This is a hard zone to trade in, and bears heavier risk profiles. If price is to go up, soon is the time to enter the trade. I've outlined the risk areas as well as a suggested stop loss. Once price momentum goes bullish, this one should score well.

However, Heavier Bearish Pressures remain steadfast, and "looks as if" pressure will turn north. If it does not go north, a heavy downturn will happen and price will fall rapidly.

I see no major diversions to offer a direction for the future.

Good Luck !!

Trade active

Showing when I entered, it took a little time to set-up my trade from my published idea

Note

15 minute "Diversion" is forming...so usually we'll get a POP upwards from this, hopefully triggers a solid uptrend, so I wish I waited for a better signal like this one to enter, however I'm still in the trade.

Trade active

ooofff....price situation is soooo lingering. if your in the long, this one is a nail biter. Looking for the turn of events into the 15 min going north bound. I have the up to date current of this comment of the 15 min chart showing the indicators. Concentrating on the middle indicator RSI/Stoch/MFI ... it's all bottomed out. Higher odds this can turn and push our longs into sweet profit. Take a shot of Hopium, relax for the ride, and hopefully we don't get "stomped out" (stop loss).

Note

I forgot to mark my 2nd entry point, I did take the Diversion trade, to cost average my earlier entry. Here's the (on the 15 min) my 2nd entry "green arrows". You'll also see the extended indicators that have played out, and why it's important to see where they are at, before entering into the trade. Contrast/Compare the indicators at the two points of entry.

Trade closed: stop reached

It happens, having a trade get stopped out. Price was flirting with those two "red Risk Loss lines". My apologies, for this bummed trade, However the risk on this was much riskier, and risk got me on this one. So we move on, and look for the next good entry to trade. Making sure I have warning lines and entry lines in place, as before.

Quartz-

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