I already opened a short on btc due to a bearish divergance getting formed on btc (shown in yellow line) on the 4h chart and it’s quite overbought on the other timeframes right now. right now it’s cancelling the bearish divergance because it went down and didn’t close the candle up at 43.2k but I’m still keeping the short trade open because i know btc can’t close above 43.2k or else it will still create the divergance so either way im shorting. This is just a quick update and I’m going to start making these short updates to tell you guys what I’m doing with my trades and why! next times the text will be shorter and more straightforward!
MY TRADE
X5 leverage
Stoploss: 44.1k
Take profit: 41.5k