Divergences on daily should be good for a nice dead cat. Higher time frames do not suggest this is the bottom yet. Divergences on multiple indicators including the OBV, which is a leading indicator. If divergence fails exit quickly.
Bearish trend exhausted for now, with the potential to resume after a return to the mean.
Previously failed divergence on the OBV visible in Feb/March. Was divergent without any corroboration at the time.
Low time frames divergent as well. 3hr+
Missing right shoulder div on 6hr.
Avg entry currently 444 sats on futures contract. Option to add more.
SL at recent low 426
First target 500-530
FIlter system I use shows neutral daily bars for several days in a row with divergence. This allows me to open positions.
These are Journals of my own trades. This is not financial advice. All information provided for educational purposes only.
Kommentera
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BTC jump invalidated some Alt setups. Stopped out of this trade, but watching for re-entry
Kommentera
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Looking for TRX to create false downside pattern on the daily chart over the next 1-2 weeks. Re-entered 50% of my position today, and will add more on confirmation.