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RegideTrader
May 9, 2018 10:21 AM

BTC intra day bounce Long

Bitcoin / DollarBitfinex

Description

We are at the bottom of the channel. 4H is approaching oversold and 1H to 15m is showing bullish divergence. We will most likely break up the down channel to go for a .5 to .618 retracement. There is confluence with a recent swing high /swing low at the .5. So it could be best to sell at this lvl (9472). Stop loss is the red line.

Trade active

STOP LOSS moved up to 9095

Trade active

selling 25% at 9350

Trade active

sold half at 9320 and moved stop to 9250

Trade closed: stop reached

profits taken

Comment

Its safe to reopen longs with stop loss below 9230
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