Divergences on daily should be good for a nice dead cat. Higher time frames do not suggest this is the bottom yet. Divergences on multiple indicators including the OBV, which is a leading indicator. If divergence fails exit quickly.
Bearish trend exhausted for now, with the potential to resume after a return to the mean.
Previously failed divergence on the OBV visible in Feb/March. Was divergent without any corroboration at the time.
Low time frames divergent as well. 3hr+
Missing right shoulder div on 6hr.
Avg entry currently 444 sats on futures contract. Option to add more.
SL at recent low 426
First target 500-530
FIlter system I use shows neutral daily bars for several days in a row with divergence. This allows me to open positions.
These are Journals of my own trades. This is not financial advice. All information provided for educational purposes only.
Bearish trend exhausted for now, with the potential to resume after a return to the mean.
Previously failed divergence on the OBV visible in Feb/March. Was divergent without any corroboration at the time.
Low time frames divergent as well. 3hr+
Missing right shoulder div on 6hr.
Avg entry currently 444 sats on futures contract. Option to add more.
SL at recent low 426
First target 500-530
FIlter system I use shows neutral daily bars for several days in a row with divergence. This allows me to open positions.
These are Journals of my own trades. This is not financial advice. All information provided for educational purposes only.
Comment:
BTC jump invalidated some Alt setups. Stopped out of this trade, but watching for re-entry
Comment:
Looking for TRX to create false downside pattern on the daily chart over the next 1-2 weeks. Re-entered 50% of my position today, and will add more on confirmation.
Comment:
All hail our glorious leader Justin Sun