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Is it a valid long entry ?
BTCUSDT Perpetual Contract
Long
Is it a valid long entry ?
By Pleased_Owl
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Updated
May 1, 2022
2
Apr 27, 2022
Hello Traders, hope you made some decent money this week !
We have 2 Bullish regular divergences at the TF of 4H.
BTC has reached the bottom of it's channel which he has been ranging since 6 of April.
BTC is at is weekly support right now.
So is it a valid entry ?
My humble answer is we need to see a Hidden div at the 1H TF or the 30 TF with a stochastic rsi blue line crossing the red line.
This analysis dosen't reflect on the markets situations.
Definetly also not a financial advice or trade signal.
If you want to see more of my ideas follow me. Thank you, Have a profitable one !
Apr 27, 2022
Trade active
LONG
_____________
Entry : 39220
SL : 39K
TP will be updated market is uncertain so far !
Apr 27, 2022
Trade closed: stop reached
When the trade advanced 0,5% I advanced my SL and got hit
Apr 27, 2022
Trade active
Long again !
entry 39,000 - 39,200
Apr 28, 2022
Trade closed: target reached
Took 50% profit at 40k advancing my SL to 39,400 and my 2nd TP at 41,400
May 1, 2022
Trade closed: stop reached
Advanced my SL to my entry and got hit !
BTC
BTCUSDT
Divergence
Fundamental Analysis
Technical Indicators
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Trend Analysis
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Pleased_Owl
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