DeusNovac
Short

Another dump for BTC is going to take place

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Right before 1W and 1M candle closes... Also a potential bearish divergence may eventually form (from $5,500 red candle) if price hits $5,280~ confirming the downward channel .
Apr 29
Trade active:
Apr 29
Comment: RSI bullish divergence in 4hr TF. Very bearish market sentiment right now:
Apr 29
Comment: Wedge and channel's bottom (grey line) acting as resistance on 2/4hr. Bulls must close the next above $5,160 if they want another chance. MACD cross in play as well.
Breaking $5,210 will turn things bullish in very short term. I've set my SL set at BEP: $5,200

Apr 30
Comment: RSI bearish divergence
Apr 30
Trade closed: stop reached: Closed in BEP because my SL got triggered. Bullish momentum is building, good entry for long.
Comment: Wedge and channel's bottom (grey line) acting as resistance on 2/4hr. Bulls must close the next above $5,160 if they want another chance. MACD cross in play as well.
Breaking $5,210 will turn things bullish in very short term. I've set my SL set at BEP: $5,200

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RSI bullish divergence in 4hr TF. Very bearish market sentiment right now:
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Chart update:
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We will see how the month ends in 2 days. Good luck on your trade!



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DeusNovac CryptoEngineering
@CryptoEngineering, you are right, since I’m now in Mexico (-6) I was calculating wrong timespan from UTC damn
+1 Reply
@DeusNovac, Enjoy in Mexico dude :)
+1 Reply
DeusNovac CryptoEngineering
@CryptoEngineering, thanks man, wish you good luck on your trade too!
+1 Reply
Good charting ;)
+1 Reply
DeusNovac TheCryptAlpha
@TheCryptAlpha, appreciated thank you!
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