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sk_4587
Jan 21, 2024 12:44 PM

BTCUSD hourly divergence along with pole n flag  Long

BITSTAMP:BTCUSD60
Bitcoin / U.S. dollarBitstamp

Description

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hello traders

JAI SHREE RAM

presenting to you
a hourly divergence along with pole n flag setup on BITCOIN
possible target 43500

stop loss 41400

Comment

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I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

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any related query allow me to answer

if this idea is use full
like and share also follow and comment your thought about this analysis

Comment

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and i am assuming after achieving the final target price can fall till the recent low

Comment

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buying only if hourly closing above 42000
and after buying stop loss below 41200 if hourly closing below

Comment

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not getting any entry on this trade because channel is not broke in upper side so no entry executed

Comment

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achieved full target

Trade closed: target reached

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Comment

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if some one holding than 6000 point profit running

Comment

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15000 point profit running if some one holding this long
in just one month percent wise 35%

Comment

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around 50% profit if some one holding this long
Trend AnalysisChart PatternsTechnical Indicators
Comments
MyCryptoParadise_Nathan
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Your observation of hourly divergence along with the pole and flag setup on Bitcoin is a keen insight into potential price movements.
sk_4587
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@MyCryptoParadise_Nathan, thank you so much
sk_4587
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@MyCryptoParadise_Nathan,
very short term view
vinay805
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shall I exit or it will come to 41300
sk_4587
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@vinay805,


43177 is the next resistance on daily chart take decision your self , because my original trade is long
HEAD-SHOT_PRO
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@sk_4587, hello bro it break the 43k resistance or not chances
sk_4587
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@HEAD-SHOT_PRO, its in a short direction on daily chart as market breaks at (12-jan) and gone down, and after that it comes up and retest the selling level marked by red line , so techinicaly its a sell near 43177 with the stop loss of 44700 on closing basis
HEAD-SHOT_PRO
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@sk_4587, ok bro thanks
sk_4587
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@HEAD-SHOT_PRO, welcome
sk_4587
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@HEAD-SHOT_PRO, full target achived
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