whiterose404
Long

(4-16) Bitcoin 15min Div Setting Up

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bull Divergence on Bitcoin is my main trade, and to be honest I only should trade this kind of trade. This is a setup to snipe the bottom of the would-be double bottom W

Snag entries in that zone, snipe big towards the bottom, Tight stop loss a little under the zone. Maybe 7840ish or less. OR wait for Bull divergence to form on 5m or 3m for confirmation.

TP 1 Conservatevely is at the middle of the small would be W at 7999. Usually Aiming for 1:1 Profit with this take profit because this pays out the most, and you wanna snatch that profit.
TP2 8100

Note* It's technically not divergent until it rejects the bottom. This is spotting it before. A good range for pendings would be 7920 and lower
Note: TP2: Bear Divergence on the 15min is always a good tp.
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Note* It's technically not divergent until it rejects the bottom. This is spotting it before. A good range for pendings would be 7920 and lower
Reply
Cool Lets see how it plays out, it's good to make notes of top news stories of the current Trend to see if we will be affected or not.
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