Hi dudes As I work with Divergence, a big 4 hours RD divergence in MACD ( which actually shows a higher time frame ) is being shaped, So I don't look for any big LONG position at the moment, but a nice big SHORT when my triggers at the lower time frame is pulled.
Besides, the long term guys are clearing their positions in multi-steps way as shown in the 1 hour and 15m time frames ( something like 3Drive )
Remember, the divergence is not completed yet, but it's probably gonna get a good shape.
Once triggered, you can either enter at the starting point, or wait some while for the price to change the direction and then get all the -HD & -RD divergence ( or use trend lines breaking + appropriate candles as a trigger ).
I will post a new one in the near future :) good luck
Looks like Link is breaking out. BTC setup for another leg up.
roshart
⋅
@LazerTrading, Dear Lazertrading Thanks for your comment, As I'm not familiar with the breakout strategies, I have no idea of what would happen from that point of view. So I opened a short position, with specific target(s), and it just worked. If I see the signs of a LONG position setup, I would enter for LONG. Besides, even though most of the altcoins get affected from BTC movements, but they have their own way and their own speed and their own legs too :)