BTCUSD - Daily Hidden Bearish Divergence with Fib play
Looking for short entries on 15/30min timesframes.
Daily timeframe is due for a pullback, with the current high failing to clear previous high, painting a hidden divergence with a fib continuation pattern.
I'm hoping I'm wrong, but Initial analysis suggests 5500 is a possible downtrend target. The strategy is to find a good short entry, that allows me to hedge on the way down.
Alternatively, there is a possibility of a bounce at 7380-7500 region.
Daily timeframe is due for a pullback, with the current high failing to clear previous high, painting a hidden divergence with a fib continuation pattern.
I'm hoping I'm wrong, but Initial analysis suggests 5500 is a possible downtrend target. The strategy is to find a good short entry, that allows me to hedge on the way down.
Alternatively, there is a possibility of a bounce at 7380-7500 region.
Trade active:
In short from 8114 on September futs, stop is in profit and below entry. Going out for a bit - don't mind if I'm stopped out, don't mind if it dumps.
Trade closed manually:
Stopping out in profit, hoping to readd on the move up.
Trade active:
Missed to mark it here, entered at the previous sell signal on OneX Scalping Indicator
Looking for this fib formation
Looking for this fib formation
Comment:
P.s. I did see the HnS on 4hr+ charts.
Comment:
Situation has changed. Staying out for now, putting up a new update.