Catching the swing on Bitcoin
Updated
Pivot setup on H3
Reasoning:
_Choppy market with no clear direction (market is in bear mode).
_Bearish Divergence (diminishing bullish momentum) [UO]
_Overbought (change of pullback) [STOCHRSI]
_Swing highs in time range
Reasoning:
_Choppy market with no clear direction (market is in bear mode).
_Bearish Divergence (diminishing bullish momentum) [UO]
_Overbought (change of pullback) [STOCHRSI]
_Swing highs in time range
Trade active
Trade started promising, but Bitcoin again made a strong upward movement. I am still in the trade, but I am no longer confident of success.Trade closed: stop reached
This trade was not worth the effort (and the presentation here)
If it is goes above H4 (green Pivot), this will become a possible long entry.
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