So, The level we are watching is 9.4k. Trade - Short near 9.4k- if you can get a short near 9250 that'd be fine as well. Exit the trade when price closes above 9.3k on the 4h.
With targets being ~8.9k and 8.5k areas. If price goes above 9.4k and closes the 4h above 9.4k with good volume, that will be a sign to get out of the trade.
4 hr bearish divergence plays out sometimes. Let's see if price comes back and tests 9.4k again, I am unsure whether we will reach 10k now. Managing trade on smaller time frame is best for this type of trade.
With targets being ~8.9k and 8.5k areas. If price goes above 9.4k and closes the 4h above 9.4k with good volume, that will be a sign to get out of the trade.
4 hr bearish divergence plays out sometimes. Let's see if price comes back and tests 9.4k again, I am unsure whether we will reach 10k now. Managing trade on smaller time frame is best for this type of trade.
Nota
I will update the idea when its time to exit the trade/when the trade goes against.Dagangan ditutup: sasaran tercapai
Well for now btc price seems to be content by not breaking 8.9k level. I took profits at 9k area. Just waiting and watching how it reacts on the re-test of 9.2k for now.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.