however, if bitcoin can close above my resistance zone (upper purple box), i'll long

but from the looks of price action, not anytime soon

thats why im waiting for a retracement

also to note:

TA does NOT WORK

when whales manipulate

in those cases, take the loss/ cut loss quick and move on

and things like falling wedge etc will NOT WORK/ PLAY OUT

also if you're keen, i'm currently SWING TRADING

ENJ, UTK

swing trading means low/no leverage and holding for DAYS

there might be bullish divergence on btc 1h chart

#learn #calls #analysis

1h tf, prices lower low, while stoch is on a higher low

bullish divergence signalling trend reversal!

here's an example

here we go btc!

entered a SMALL CMP long

#trade

very tight sl as i'm just testing here, wanting to catch potential moves back up to above resistance zone as btc managed a nice close above it

close above resistance zone ^

not bad not bad so far

there's also a chance it'll come crashing down

what im betting on is the long bottom wick on the previous candle

looking at this price action, on the third candle to the right there was a HUGE long upper wick of rejection from resistance zone

next candle -> bulls manage to overcome resistance with a long bottom wick fighting back the bears

to me that's a bullish market movement

#calls #analysis

as long as this current market candle closes within my newly formed support zone, things SHOULD be okay