Entered a Lon trade on GRT. The 4h is extended on the momentum. The 30m has a large red dot while resting on GP support. The 3m is printing a divergence and MF is curving upwards. My take profits and stop loss are marked on the chart. I might have put my SL to tight but it is the only way to make the trade 2/1 risk to reward.
The next trade setup is ETH coming into this previously tested resistance, putting in a equal or slightly higher high and printing a 4H and 24m divergence.
These are the two trade setups I am watching right now. One is a possible 24m divergence rejecting off a .618 for a short trade and the other is a ETH testing a weekly level. The 24m trade would happen in the next few hours while the weekly level might take a few days to hit.
I have the most important macro levels marked for this current trading range. The micro is respecting the GP (.681, .65) fib levels. The higher TF’s have a bearish look to them but our job is to just play the levels and divergences.
BTC is hitting a key level of resistance made up of key fib levels and previous price levels. As is has approached this zone of resistance it has started to lose momentum on both market liberator B (momentum and money flow) as well as RSI. The 4hr, 2hr, and 24m charts all have the same signals and it is only a matter of time until we print a red dot on the daily...
Btc bounced off very strong suppport and formed a 2h bullish divergence. Bitcoin was resting on support and multiple fib lines as well as the trend line it has been respecting for the last month. This morning the 2h chart formed a strong bullish divergence signaling a probability of a pump.
Btc is looking like it is bouncing off some very strong support with a bullish divergence on the 1hr. We have come down to a very strong level that is also a fib level from a recent move and the up trend line btc has been respecting sense late July.
Bitcoin is looking it might bounce off the top of the range it has been stuck in for the past couple months and it’s hitting its down trend line established when the all time high broke down. Short term target is 40k if it breaks down and the divergence is confirmed.
Bitcoin is flashing short term bullish signals. It’s resting on a fib level while putting in a double bottom with rising momentum to create a bullish divergence. Target is 41k.
Btc has come to a key level resistance and the trend line it has been respecting ever sense it broke down from its all time high. We are getting some bearish divergences on the 1h and I’m expecting a retracement with take profits set from the .382 through the .786 fib levels from the last pump.
Btc has come to a key fib level and a respected support area. I’m expecting a bounce off and a retracement to around 40k based off key fib levels at both 39.6k and 40k from the last move.