Update: Mid week reversal thursday didnt fail to entertain 😁 as stated yesterday 1hr50ema?Daily Open was going to be a big resistance to flip during the reversal. reason to short 1. Failure 5&13ema (Marked on the Chart red circle) to break above 1hr 50 ema 2. Bear divergence on 15min time frame 3. open interest decrease 4. fast move during reversal/ the wick to...
Hi Everyone this is my first trade post hope it will be a good one, i posted it yesterday on BTC chart so i have already taken profits and looking for a Re-entry. Today/Thursday being typically a trend reversal day. i will be looking for another short entry of the value area high/ in confluence with swing failure of previous high and a lower low on momentum. i...