btcluciano

Bullish Flag on BTCUSD

btcluciano Updated   
BITSTAMP:BTCUSD   Bitcoin
Bullish flag on Btc. We had some what of a downtrend then price found some support around 39368, then started to rally back to the upside. Formed a Higher high giving us a BOS break of structure. Then somewhat of a divergence on the rsi on the 4Hr TF forming higher highs but price is clearly showing lower lows within the flag. Price reacted soon as it reached the key level of 60018.46. I placed my stop loss below the spring/manipulations which was another indiction of buyers in the market, and aimed for 1.5 RR.
Trade active:
A more clearer divergences on the rsi on the 1h TF.
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