BTC 4h bearish divergence + resistance = short

23 Tem 2018

Dear all,

I try to remember the hardest Lesson everyday "On green days you look for a sell and on red for a buy".
We had a good series of green...

Here we had a really interesting rally. Compared to other analysis, I don't think we've breached resistance but that we actually touched them.
In case of bullish div at resistance I would go long above. However here we have resistance + bearish divergence = short.

I based targets on previous BTC price action. Last big jump where a bearish divergence finally occured had a 61.8% retracement which in that case here would bring us around $6,700 at max.
That's the highest target of course.


All the Best from the Crypto Space
Alteroc


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23 Tem 2018

İşlem aktif

Confirmed by MACD

23 Tem 2018

Not

Another view for people who want wicks included on the fib level:

23 Tem 2018

Not

The RSI does not update on clicking play but this last move created another bearish div on RSI. This smaller one could be the trigger.

24 Tem 2018

Not

Here is a view published from this daily closing:

24 Tem 2018

İşlem kapandı: durdurma seviyesi

Indeed stop reached trade close even tho the bearish div is still here