BTCUSD 1H - Line in the sand for Bulls

Being stopped out at break even on previous trade, I cannot jump in this one. But I post it here, line in the sand for bulls.

Commentaire:

last dip created a RSI divergence in 4h time frame (making the sequence from 9,188.10 a motive 5 waves down and not a 3 waves - green 1 2 3 - as proposed here. thus the count presented here is no more valid but nothing changes to the view.
Of course, as for any 5 waves down, there is no bearish sequence and the cycle from 9,188.10 will be completed on a break of 9,188.10.
For more info, on the patreon site.

Commentaire:

Funny how I got struck on that one (in the 1h time frame): kept saying do not trade the 1h to the upside and keep it to 4h (with wider stops) and look what we have! Got out of the trade - break even though - but ego took a hit.

Let's move one and get ready for a great and exciting week!