Currently we're seeing a higher RSI and a lower low on the 1hr timeframe at BTCUSDT. Typically we can expect a bounce based on this bullish divergence. We expect the market to test the previous structure before continuing higher. When the market does this we'll take a nice long with a good risk to reward ratio. But only when all the checkboxes of the strategy are met, the market can easily continue down from this point.
By waiting until all checkboxes are checked before taking a trade we have made 25R of profits this year.
By waiting until all checkboxes are checked before taking a trade we have made 25R of profits this year.
Trade closed: target reached