The ideal Bitcoin price scenario
Today I want to tell you how I see the ideal reverse scenario. On the 4h chart we have to see the new lower low which coincides with the true MACD bullish divergence
Bitcoin – time of uncertainty!
The price hit my stop loss last time but I opened the new long trade at $37600 according to another one bullish divergence with MACD on the 4h.
Bitcoin is very strong !
The price bounced off the supply zone and fib golden pocket for the last impulse , I think that correction is possible. If not I am going to wait the new signal.
The most important level for the Bitcoin!
The Bitcoin bounced and now is approaching the most important level which it have to broke for the growth continuation.
Bitcoin – searching for the entry point
I’m searching for the entry point for the Bitcoin. We can see the strong bearish divergence with RSI on 1h timeframe.
Bitcoin – be careful with this pump!
When I will see bearish signal I will tell you, It will be the nice short trade opportunity.
S&P500 definitely entered into the bear market!
Now the bear market is confirmed because the bearish divergence on the 1W chart leads to the red candles on the impuls system.
Bitcoin – catch the correction!
I am reversal, not trend continuation trader, that’s why it’s challenging for me to find the entry point.
Bitcoin – long trade setup!
I executed long trade at $42320 with the stop loss $40565. To be honest I don’t like this trade because it is not my trading strategy. It is the very local trade.
Bitcoin on the edge of the decisive move!
The correlation between S&P500 and the Bitcoin is annoing me to be honest. As you know, I executed long position on the $36300 according to the strongest signal in TA.
