TanukiTrade

BITCOIN The only reasonable R:R play for me now

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TanukiTrade Uppdaterad   
COINBASE:BTCUSD   Bitcoin
This is the only R:R what I'm seeing now to play out.
Divergence on 4H chart, perfect channel downwards until 9.5k

7% profit target, 1,5% stop.


As you see, the R:R ration is only interesting for BEARS.


200EMA 4H retest and fail -> good for BEARS too.

I'm not sure play this trade out, just an idea for now.
Order avbruten:

Looks like some breakout on 4H.

Maybe jus a bulltrap, but the RSI already broked out., and I believe him more than any oscillator.

Handel aktiv:
CONCLUSION

On indecisive market (like the past few days) there may be traps in any direction, even on RSI!

For now there is a beautiful deadcatbounce at 0.618 fib.
More down more expected.


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