BTC Hidden Bullish Divergence - Big Bounce Incoming
Atualizado
I am expecting a bounce between here and 8.9k as stated a couple days ago. Perhaps have a small position here and add towards 8.8k with stops below 8.8k. That's my plan. Let's see what happens. On top of this, we have a nice regular divergence on smaller time frames in confluence with this level being strong support and the hidden bullish divergence on higher timeframes. Face melting bounce incoming.
Comentário
This is one of those trades where I recommend betting big. One of the higher probability trades that I have posted, though the risk is a bit higher on a percentage basis (unless you got bids filled sub 9k earlier, so lower leverage/wider stops would be a smart idea to avoid getting stopped out/liquidated just to see her moonshot right after.Comentário
And when I say higher risk, I mean a wider stop necessary. More suitable for swing trades while some of my other posts are more geared towards shorter term scalp traders.Comentário
Looking like the bottom could be set at this point ( just hit 9228 on finex. Looking for a break and close above 9270 to confirm that though.Comentário
Looking good - still need to close and hold 9270 to have a better idea if that was the bottom. Significant break and close above 9400 would be even better. Regardless, I'm moving stops up as we go and have added on some dips as well incase we have hit the bottom of this short down trend.Comentário
Still on track. Hope you filled those bagsComentário
Here's a little update - as i've said we need to break 9.4 and hold to confirm a reversal on this 3 day down trend. We're consolidating right under that currently which is highly bullish and I wouldn't be surprised if we get a nice pop sometime here in the next few hours. Alternatively, I'd keep your stops tight because if we don't break up, we'll be looking for one more new low (probably 8850ish) before we have another crack at it. Regardless, I'm bullish and just holding a low leverage long in the even of a dip.I think a break of this level on some high volume could send us past 10k pretty damn quick as well. Which is why a low leverage/small postion size will still pay off and limit risk if we did have a hard dip here. 80% bullish.Comentário
Key here is tight stop. Cut longs sub 9270 maybe a bit more if you have some free capital.Comentário
Stopped out overnight. Perfect stop with chance to buy in lower.Comentário
I have added a moderate position size here (9100) with room to buy more lower but have a feeling that this may be the lowest we go and because I can keep my stop tighter from here, feel comfortable with a larger postion size. Load up and get ready for the ride. But do not overleverage because one thing that I have learned is that no matter how confident you are, ANYTHING CAN HAPPEN and NOTHING IS GUARANTEED so always have a plan and stick to it.Comentário
With that said, this is a MONEY long.Comentário
Adding a bit here at 9010 and will continue to down to 8.8. Stops just below 8.8Comentário
Another note: there's been several big walls on finex 500btc and 1000btc that sitting there waiting to be filled.The 500btc wall was filled and the 1000 maybe half filled. with zero big market sells at all. This is accumulation and the pros are filling up down here (and will continue to if we see lower). This is such a good long opportunity you have no idea.Comentário
Either this is the bottom (8.8k) or 8.8k. If those both break, at least we will know in which direction we're headed in the coming weeks, however the risk (100-200 per btc here) vs the reward (well over $1000 per btc) is ridiculous and this is the exact place it should bounce. 8.8k is highly possible as well so set some bids.
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