Bullish Swing Failure pattern on 1 hour. for BITMEX:XBTUSD.P by cryptokoos

beyondta bitcoin btc

went long with an average price of 7840
Expecting price to target old highs 8.5K and above.
Will be looking to add more longs later if this Setup holds.

Comment:

We can also see price formed a bullish divergence on the obv oscillator.

Comment:

also, previous 1D resistance became support at $7798
I have a mental stop below this level, if a H4 candle closes below it I will close this trade

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