This is an update to an idea i posted a few days ago! PaperboiFX gave us a signal and we Setup the trade:stop loss at previous swing low, i added the support and resistance indicator (based on number of swing high/low) to help visualize and negotiate our stops and avoid getting stopped out before movement in our direction. That being said: we still need to find...
OH NO THE WHALES ARE MOVING THE MARKET!!!!
Yes, yes they are.
But that doesn't mean you have to watch your stops get swallowed up like a helpless krill!
All jokes aside, I hardly ever post about bitcoin as I'm an Ether guy myself, but there really is some highly suspect moves in the BTC market as of late. D4 did a great job of covering some of the suspect...
1 Day bearish divergence and 4 hour bearish divergence on RSI combined with a head and shoulders pattern.
The blue line has been tested multiple times on log and had strong reversals.
My target is %5 profit.
Stoploss a little above the recent highs.
Happy Easter all and Sundry,
Hope you guys are enjoying your holidays and elf medicating with copious amounts of Easter Eggs.
BTC has been ranging again, it is a bit early to call yet but we may be moving into a inv H&S, we wil need to watch to see how it develops. Im am spending most of my day with the family, so won't be around to often to update but as usual...