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RimmerDall
Aug 22, 2014 8:40 AM

Trade Journal Entry (short term) Long

Bitcoin / DollarBitfinex

Description

Text on chart. Borrowing this idea from incrediblecharts.com

Edit: Apparently BFX doesn't have exchange OCO orders, so I will set a stoploss, no TP, and set a price alarm.
Comments
RimmerDall
Took profits (switched to fiat) at ~$522 after noticing a doji had closed on the 1hr at the very top of the fast channel and midline of the medium channel. Confirmation for the move was: a 15m ascending triangle/double top had formed with rsi bearish divergence and broken to the downside.



Also very important is that I noticed a 4hr situation directly opposing my 1hr trading idea:

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