BTCUSD got rejected at 6.8k and has been falling like a brick , i think it isnt done yet and we will still see a lower low very soon,
As shown in the chart , we can see a bullish divergence on the hourly using the stochastic and Rsi indicators . Both oversold,I personally still have a short from 6800 running and hedged it with a scalp long using XBTUSD from 6175 , with a stop at 6030 , targets are on the chart before we start new impulse down moves , Targets are the points on the chart.
As shown in the chart , we can see a bullish divergence on the hourly using the stochastic and Rsi indicators . Both oversold,I personally still have a short from 6800 running and hedged it with a scalp long using XBTUSD from 6175 , with a stop at 6030 , targets are on the chart before we start new impulse down moves , Targets are the points on the chart.
Trade closed: target reached:
hit the first target, i will be updating here when i will be shorting from, will start shorting from 6.3k to 65.k