Long scalp on XBTUSD
Small Long opportunity for BTC.
We have a Bullish Divergence forming on the 4hr chart and a oversold C Clamp on the ICHI. BTC seemed to be forming another bear flag which broke to the downside but has found support at 4k, which has been tested twice now. We are also breaking a smaller time frame down trend but will need to wait for confirmation until I enter a Long. We could get a small rally up to the .38 fib, if so i will be closing my long there and re opening a short, as i still feel there is air left in the bubble yet on the longer time frames. However we can still profit off a potential relief rally.
Fundamentally it seems the Bitcoin Cash hash war might be over this could bring some relief to BTC
We have a Bullish Divergence forming on the 4hr chart and a oversold C Clamp on the ICHI. BTC seemed to be forming another bear flag which broke to the downside but has found support at 4k, which has been tested twice now. We are also breaking a smaller time frame down trend but will need to wait for confirmation until I enter a Long. We could get a small rally up to the .38 fib, if so i will be closing my long there and re opening a short, as i still feel there is air left in the bubble yet on the longer time frames. However we can still profit off a potential relief rally.
Fundamentally it seems the Bitcoin Cash hash war might be over this could bring some relief to BTC
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