btc couldnt close a HH, it'll probably be coming down soon,

now we have to identify if btc can close a HL

if a LL is printed, then btc will be sideways moving or going back down

unexpected

taking a 0.5% margin long here

my stop market order is still there

#trades BE

taking a 1% cmp long on CHR as well

#trades BE

closed chr at break even no movement at all

bearish divergence as market structure unable to continue here

becareful!

i’ll be averaging down to close break even here, won’t be holding my long position for too long

divergence recap ^

price made a HH on btc, but RSI made a LH

aka trend reversal

here’s the pic for better understanding!

at the two exact points that btc made a HH, RSI made a LH

becareful trading ++

will check back w the market later when things are hopefully clearer

no trades no open orders now

it’s becoming more and more of an ascending triangle

let’s see how it plays out

still very cautious of the divergence

#calls

this still needs more touches to be valid

realise the wicks can’t pass the trendline

confirms my suspicion of ascending triangle still so far

3rd touch confirmed.

now there’s 3 touches on both lines

ascending triangle is VALID.

called it early 🤘🏽🥳

check the time stamp of the initial message

#calls #analysis

i won’t be trading this as i’m occupied rn

there’s a good chance of breaking upside

but also be mindful of the bearish divergence, hence there’s a chance of a break DOWN also

trade safe!

seems to be breaking upside now, but resistance proves very strong

would be the safest to enter on retest

couldn’t even breakout properly

back to into the pattern/ downtrend in coming

12% with no leverage easily

taking my ENJ profits here