BTC Long to 7625

I am going long here based on an Ichi trading system (watch Josh O and Chaos trader 63 on youtube for more info on that). I am using the 4 hour to help me determine my high target, the 1 hour to determin trend basd on Ichi system, RSI, and Stoch. I have set my stop just below the Tenkansun on the 1 hour. Price will have to go through the Primary cloud support and Tenk to get to my stop. The R:R is only slighly over one but I trust in the system and my analysis. The one thing that concerns me is the falling wedge. I did not see this before going into my trade and may pull out of half of it for a very small profit. I placed my Target based on the intersection of two long term trend lines and the 4 hour cloud.

註釋

Here is the 4hr chart I use as a larger timeframe reference
tradingview.com/chart/VBUOpklV/

註釋

Just took half profit at 7489 slighly below 1 hour resistance

註釋

The rejection on 4hr from recent trendline and bearish candle formation. >>tradingview.com/chart/VBUOpklV/

Clearer Rejection on hourly and 15 Min along with concerning Bear volume. Lower Lows too>>>tradingview.com/chart/4ylXluie/

Next two support levels at $7333 and $7301

註釋

Here are the good links:
The rejection on 4hr from recent trendline and bearish candle formation. >> tradingview.com/chart/VBUOpklV/

Clearer Rejection on hourly and 15 Min along with concerning Bear volume. Lower Lows too>>> tradingview.com/chart/4ylXluie/

Next two support levels at $7333 and $730

註釋

Currently Forming a C-clamp on the Ichi 1 hour which signifies oversold levels. Still only simple bull Div on the 1 hour, but multiple Bull DIv on the 15 min a little bit earlier signalling reversal. If RSI drops below 38 on hte 15 min I will start to be concerned.

註釋

Just broke the Kijun Support on the 15 Min. now testing 1 Hour fractal Support

註釋

Also testing the cloud. If it breaks and closes beneath bothe the 15 min cloud and 1 hour fractal I will close manully because the trend has been invalidated

註釋

Still valid cuz didnt close below the fractal on the 1 hour which is the timeframe I am really trading off of. I really need to see more consolidation here for the Tenkan and Kijun to reach equilibrium. This will increase the odds of my trade being successful.

註釋

however the 15 min is not looking good.

交易結束：達到停損點

Stop got reached before the hourly closed below the fractal where I would have manually taken it out

schuck15