Strong bearish divergence showing on the 4 hr. It's not really showing on the daily yet so I'm not expecting a big move.
But, shorting BTC here hedges my margin long alt buys. Both have good R/R's, so if one play stops out the other should still make enough to cover.
Targeting 6,880 for the short even though everyone says we won't get there... We'll see!
But, shorting BTC here hedges my margin long alt buys. Both have good R/R's, so if one play stops out the other should still make enough to cover.
Targeting 6,880 for the short even though everyone says we won't get there... We'll see!
Trade active:
still open, but not looking good.
great example of why we use tight risk management.
great example of why we use tight risk management.
Trade closed: stop reached:
stopped out.
lesson learned?- when there's this kind of bullish momentum a safer play would be to wait for confirmation on the daily.
lesson learned?- when there's this kind of bullish momentum a safer play would be to wait for confirmation on the daily.