Small Bitcoin Trade
Updated
Everyone seems to be bearish yet this setup suggests otherwise
Marked out the levels for profit taking (there's no such thing as one profit taking level)
Level 1 => s/r flip at 8.6K
Level 2 => blue rectangle area
Level 3 => fib 1.618 area
Level 4 => fib 2
A little about the trade...
- Falling wedge
- Regular bullish divergence
- Volume exceeding its moving average
- Stop loss place below or at the white support line at 8.4k
Some of the best trades are when confluence takes place and this one contains some of my favorites
*THIS IS NOT FINANCIAL ADVICE*
Marked out the levels for profit taking (there's no such thing as one profit taking level)
Level 1 => s/r flip at 8.6K
Level 2 => blue rectangle area
Level 3 => fib 1.618 area
Level 4 => fib 2
A little about the trade...
- Falling wedge
- Regular bullish divergence
- Volume exceeding its moving average
- Stop loss place below or at the white support line at 8.4k
Some of the best trades are when confluence takes place and this one contains some of my favorites
*THIS IS NOT FINANCIAL ADVICE*
Trade closed: target reached
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