Bullish divergence on Bitcoin daily Trade #0001
已更新
Overall, longer term the trend is down. This could change of course, but this review is on taking a chunk of the upmove after a bullish divergence. Then we reevaluate, to see if things have changed.
See also my video review here:
Weekly: MACD-H is ticking up, right now, although candle is not closed. But this Timefame shows MACD Histogram is flattening
Daily:
There is a bullish divergence and a rejection candle, and this false downside breakout closed above the support line, showing that the market is not ready (yet) to go lower then 30, there is still too much buying interest over there.
The Stochastic RSI is crossing and coming from and oversold condition, and is turning bullish right now.
Interestingly, we have a bullish divergence on MACD-Histogram, as well as MACD lines, EFI AND there is also a ATR Channel divergence. This is bullish and makes me go long.
4H:
After the rejection candle on this TF, it went up higher and faded out, forming the first Higher High. Then it went down and I waited for that low to form and ticking up. So I did not buy the 32xxx prices, I waited for the confirmation of the forming of a first Higher Low.
I found an entry today around 33,2K.
This Higher High was formed with good strength, and the low formed, and the next candle I waited out to see it would be positive near the end, showing a rise in the MACD-Histogram
I'll add up more when we pullback to the EMA and form another low again.
The exit will be done in 2 (or more) steps, first level around 37,5 up to just below 40K
Entry: 33,2K (can be bought up to 33,8, so at the moment of this writing we have to wait for that first)
Exit:
1: 37,5K
2: 39,7K
SL: 31,9K
See also my video review here:
Weekly: MACD-H is ticking up, right now, although candle is not closed. But this Timefame shows MACD Histogram is flattening
Daily:
There is a bullish divergence and a rejection candle, and this false downside breakout closed above the support line, showing that the market is not ready (yet) to go lower then 30, there is still too much buying interest over there.
The Stochastic RSI is crossing and coming from and oversold condition, and is turning bullish right now.
Interestingly, we have a bullish divergence on MACD-Histogram, as well as MACD lines, EFI AND there is also a ATR Channel divergence. This is bullish and makes me go long.
4H:
After the rejection candle on this TF, it went up higher and faded out, forming the first Higher High. Then it went down and I waited for that low to form and ticking up. So I did not buy the 32xxx prices, I waited for the confirmation of the forming of a first Higher Low.
I found an entry today around 33,2K.
This Higher High was formed with good strength, and the low formed, and the next candle I waited out to see it would be positive near the end, showing a rise in the MACD-Histogram
I'll add up more when we pullback to the EMA and form another low again.
The exit will be done in 2 (or more) steps, first level around 37,5 up to just below 40K
Entry: 33,2K (can be bought up to 33,8, so at the moment of this writing we have to wait for that first)
Exit:
1: 37,5K
2: 39,7K
SL: 31,9K
交易結束：達到停損點
Well, that escalated quickly. In hindsight, I can't see no error or something I did wrong. So, yeah, sometimes the trades go wrong, I think this is one of them. I'm stopped out, watching how the market unfolds, and see if there will be another bullish divergence, or we go further down already, as my longer term projection shows.
註釋
I reeentered the trade last night, after being stopped out, I saw the same setup come by.
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