Bounce Now or Die!

BITFINEX:BTCUSD   Bitcoin / Dollar
at the end of ABC Correction, touched MA 200, touched support level .

if we zoom into 4H chart, there's potential bullish divergence formed. Bounce now or die! because if this level is not held, weak hands will bring it down lower to sub 6K or even 5400.

Kommentar: Potential Bullish Divergence.

Kommentar: wait for clear reversal confirmation. better late than sorry
Kommentar: don't panic, either to sell or buy. RSI signalling divergence, but it's not bullish yet. BTFD is not for regular trader like many of us.

If you want action, start buying small. keep your stop loss tight
Kommentar: market choose to die instead of bounce.. so we are in open short position still. Next support line is 5400
Kommentar: we have confirmed divergence at 2H

I made small entry
Kommentar: we need to break 8400 level for more reliable reversal
Kommentar: 4H chart quite bullish...

but... need confirmation on divergence. I'll add more into my bag when it's confirmed reversal
Kommentar: otherwise, I'm ready more dump anyway
Kommentar: My bearish sentiment because of this

we have plenty room before daily RSI oversold. I use 20 as lower band in RSI, because we are in strong trend. This is just like when we were in strong bull trend, you will always have overbought rsi if you use 70. it will be different if using 80.

current daily candle is basically floating above 5400 support, unless we can make new support in next few days

reversal confirmed at tf 4H.

so.. if you follow this TA, you should've add your long more than twice, in every retracements. if so, you need to calculate cost average.

one more thing we need wait before completely sure out from bear market... I'll post in next comment


if we fail to break out from blue box, bearish divergence is validated. a lot of traders also preparing their short at that level. unless there's enough fomo, I think there's huge potential bearish divergence will occurs. Means more down lower than 6000. Meanwhile, I'll my longs until market signalled otherwise
Kommentar: I'm afraid Hidden Bearish Divergence is now getting real as the price pulling back from resistance...

brace yourself

at the same time, market is signalling HIDDEN BULLISH DIVERGENCE. what a mixed signals we got here..
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden