Pleased_Owl

Is it a valid long entry ?

Long
Pleased_Owl Updated   
BYBIT:BTCUSDT   BTCUSDT SPOT
Hello Traders, hope you made some decent money this week !
  • We have 2 Bullish regular divergences at the TF of 4H.

    BTC has reached the bottom of it's channel which he has been ranging since 6 of April.

    BTC is at is weekly support right now.


So is it a valid entry ?

My humble answer is we need to see a Hidden div at the 1H TF or the 30 TF with a stochastic rsi blue line crossing the red line.

This analysis dosen't reflect on the markets situations.
Definetly also not a financial advice or trade signal.

If you want to see more of my ideas follow me. Thank you, Have a profitable one !
Trade active:
LONG
_____________
Entry : 39220
SL : 39K
TP will be updated market is uncertain so far !
Trade closed: stop reached:
When the trade advanced 0,5% I advanced my SL and got hit
Trade active:
Long again !
entry 39,000 - 39,200
Trade closed: target reached:
Took 50% profit at 40k advancing my SL to 39,400 and my 2nd TP at 41,400
Trade closed: stop reached:
Advanced my SL to my entry and got hit !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.