Risky short - 15 minute bearish divergence

Sadly missed yesterday's upward trigger and 10% runup, but price has now triggered a significant bearish divergence on the 15 minute timeframe. It would be logical that we're in for a pullback given how quickly we ran up. I'm also trying out a new indicator that triggered towards the downside, though a weaker signal on the indicator itself, paired with the divergence that may give more confidence in the signal. No divergence on the 1 or 2 hour time frames makes this a riskier trade, however, 4 hour still looks relatively weak and RSI is bumping up against the 63.5 level, which can often be an area of rejection.

Given how strong the market looks in the near term, I'd look for a quick in and out trade with targets around 2-5%, though a significant pullback or divergences triggering on higher time frames may be enough to hold longer.

Kommentera:

3% in 5 hours, another 5% if you timed the bottom perfectly and held for another hour. BTC just took a massive dump, with overall trend still down - may continue to pull this down with it, but I would be cautious of a rebound as well.