220419 BTCUSD Analysis (RSI,MACD Divergence @ Major support)
BTC/USD COINBASE:BTCUSD
Hi guys. Today we’re gonna review our yesterday strategy and how it actually worked.
1h: The strategy was to find long entry at the previous demand zone .
But it broke the support with a big fat bearish candle.
The position was closed with a 1% loss
Next, we’ll look for the reversal at the Major support area .
4h: Divergence in the Oscillators in the purple time period can be seen in the 4hour timeframe.
The entry point was when the macd crossed together risking 1.5%.
Took profit @41k as it shows a clear sign of weakness and it’s in the minor volume profile .
Thanks.
