Bitcoin run to 10600?! [BTC/USD] Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 14, 2019 10:38 PM

Bitcoin looks like it could have a small bounce to the 10600 region?!

Bullish divergence RSI
MACD is crossing to become neutral
Longest leg of the move showing the acceleration to downside may cause a bounce.
R/R ratio is too good to pass up.

In terms of momentum this trade is risky, as everything is neutral bearish, but with a divergence and a smallish stagnant period it could be the one.

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Trade closed: stop reached

⋅ Aug 14, 2019 11:42 PM

Stop hit, momentum carried it forth and the divergence didn't prevail.