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

closing UTK as well in nice profits

after some reconsolidation

btc managed to breakout well 🥳

if we can this weekend in green, it’s possible that the next few days would be green too

trading would be much easier then, looking forward!!

just entered btc cmp long

saw a nice close above minor resistance

#trades W

as shown

will tp/cutloss as it goes

i'm looking for a wickfill minimally here

a wickfill is the next candle filling up the wick of the previous candle

#learn