IAmSatoshi

EMA 101 - High Probability Entries During Uncertainty

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
4 months ago
Current Possible Long Entry Pending on Bitcoin

High Probability Long Entry Checklist
1. Get Ready - Resistance Failure
2. Get Set - 50EMA crosses over 200EMA
3. GO! - Bids on 'Support Test' of 200EMA

Stops = candle close above/below 200EMA
Close/Targets = trade by trade basis - usually consists of candle/chart patterns such as double tops/bottoms or Head & Shoulders or Inverted Head & Shoulders . Also consider fibs and horizontal support/resistance levels.
4 months ago
Comment: I hate when TV moves all the text after publishing...

Here's a better chart

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