In this post I am going to show you results of my last scalp trading post on bitcoin bullish divergence. This strategy is so powerful and yield profit all the time.
I posted Bitcoin entry based on bullish divergence. Let's have a look on it what I posted and what is current situation.
Bitcoin Scalp Trade | Bullish Divergence spotted on shorter time frame
This was the chart I posted at time of my entry. As you can see lines on candles and RSI are going in opposite direction, so a bullish divergence was formed. I entered around $13,900 and my profit target was $14,500.
Now we will look at the current price in below chart
btc profit.png
The results are clear in front of you that my target of $14,500 was hit and price has even touched $15,100. I have Exit at $14,800 because RSI was approaching 70 level. This divergence trading is powerful and I have managed to profit 8% in situation which is very good for a scalp trade when most of traders are in state of confusion and indecision.
Have a look on my other Posts
Bitcoin Correction Almost Done - Get Ready for Boom
Averaging Technique in Crypto Trading
If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis