TradingView
berniembook
May 18, 2018 1:29 AM

Short Term BTC bounce 

Bitcoin / U.S. dollarBitstamp

Description

Bullish divergences on the 4hr and 1hr on multiple indicators and the RSI is very oversold on many time frames. The diagonal resistance (red line) has been strong since the downtrend started. Looking to go for a bounce here. Feedback and Criticisms are welcome.

To learn more about divergences:
babypips.com/learn/forex/divergence-trading

To go long or short on bitcoin with leverage:
1fox.com/?t=iw

Comment

may close the trade at the daily kumo on ichimoku clouds (20,60,120,30) @ 8190-8200

Comment

dependent upon price action at those levels

Trade closed manually

closed long at 8150

Comment

*8250 lol
More