JaDeVin

Catching the swing on Bitcoin

Short
JaDeVin Updated   
BITFINEX:BTCUSD   Bitcoin
Pivot setup on H3

Reasoning:
_Choppy market with no clear direction (market is in bear mode).
_Bearish Divergence (diminishing bullish momentum)
_Overbought (change of pullback)
_Swing highs in time range
Trade active:
Trade started promising, but Bitcoin again made a strong upward movement. I am still in the trade, but I am no longer confident of success.
Trade closed: stop reached:

This trade was not worth the effort (and the presentation here)

If it is goes above H4 (green Pivot), this will become a possible long entry.
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