BTCUSDT: Scalping 'Short' opportunity

5 Jun

While waiting for the 50% moving average (yellow) to shift up to the median 50% level (orange) (previously the upper 50% level), I would place a sell market order at the 70715 price level as my short positon. This is indicated by the bearish divergence between the price and RSI. I am expecting the price to land at the confleunce level at 69600. However, price may still go up if the process of divergence still have enough upward momentum.

To increase confidence in placing the order, I would wait for the 50% moving average to shift up and price must clise below the 50% moving average. In the meantime, watch out for upward momentum until the divergence has been completed.

(this indicator will be piublished soon)
/please DYOR/trade at your own risk

5 Jun

Nota

Because the divergence process continued upward, the short position should be changed to 71020.

5 Jun

Nota

the short position closed at 70450 level. After the price went up again, another 'Short' opportunity can be made. Enter short position now at 71240. use 1:2 risk ratio. The moving 50% average shifted already shifted up and stayed at the upper 50% line indicating a bearish momentum.