BitcoinLong
BTC Divergence Analysis
Updated
A 2R scalp trade using my divergence analysis.
Now anyone, including myself who asks you to trade divergence every time will not make money consistently. These occur a number of times across multiple time frames. Deriving rules around these divergences and back testing it, such that you get a positive expectancy is what is required to trade Divergences successfully and profitably over the long run.
My set of rules for trading divergence gives me a win ratio of 70% and above for 2R trades. If you need help/advice on any of the terms mentioned here, you can contact me on Telegram.
Now anyone, including myself who asks you to trade divergence every time will not make money consistently. These occur a number of times across multiple time frames. Deriving rules around these divergences and back testing it, such that you get a positive expectancy is what is required to trade Divergences successfully and profitably over the long run.
My set of rules for trading divergence gives me a win ratio of 70% and above for 2R trades. If you need help/advice on any of the terms mentioned here, you can contact me on Telegram.
Trade closed: target reached
There it goes, Stop target hit for a 2R successful trade, a 4% win according to my risk management.
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