2.1.2022
Entry Trigger: MACD Bearish Divergence after mark up phase. BTC Just made the same high 3 times and is starting to pivot here. What do we know about the rule of 3 as traders? Lets see how bullish btc is.
Not a mouth watering short but if on the off chance the demand line doesnt hold, this could dump down to lower levels very fast.
Stop loss right above the 200ma with the other shorts.
If we all get squeezed out. GGWP
Entry Trigger: MACD Bearish Divergence after mark up phase. BTC Just made the same high 3 times and is starting to pivot here. What do we know about the rule of 3 as traders? Lets see how bullish btc is.
Not a mouth watering short but if on the off chance the demand line doesnt hold, this could dump down to lower levels very fast.
Stop loss right above the 200ma with the other shorts.
If we all get squeezed out. GGWP
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Last last comment. There is certainly bullish divergence that could still be playing out from the 4hr. So like I said. Not the best short. Dont go heavy on this one.
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yeah this was a dumb one. sorry its been a long day.
Might be too low of a time frame trade but risk management is key.