BTC/USD - 15m - Swing Trading Analysis published on 10/14/2022

Moon to Earth … it’s Cosmo 😃 again and I developed a brand new technical indicator for Swing Trading - the "STI".

USE INSTRUCTIONS:
- Wait for New Up or Down Trend. You may set two alerts accordingly (Alerts: "STI", New Up Trend or New Down Trend, Once Per Bar Close, Open-ended if you have TV premium).
- Do NOT enter any trade yet!
- In Up Trend wait for Down Crossover of Price with Signal Line I for Long Trade (Alert: Underlying, Crossing Down, "STI", Signal Line I, Once Per Bar, Open-ended if you have TV premium), or
- In Down Trend wait for Up Crossover of Price with Signal Line II for Short Trade (Alert: Underlying, Crossing Up, "STI", Signal Line II, Once Per Bar, Open-ended if you have TV premium).
- Set Stop Loss for Trade at Stop Loss Line I for Long Position or at Stop Loss Line II for Short Position. IMPORTANT: This must be done at Trade Inception or at least use Line Values from the Time you entered the Trade (as the Lines are repainting)!
- Set Take Profit at two Times the Risk.
- Wait for Price to hit either Take Profit, Stop Loss, OR occurrence of a Trend Change (Alert: "STI", Trend Change, Once Per Bar Close, Open-ended if you have TV premium). Close Trade.

- If your Trade hit Take Profit you may wait for the next crossing of Price with the applicable Signal Line and enter a new Trade.
NOTE: The Risk of Trend Exhaustion increases over time and a Trend Reversal will be more likely the longer the current Trend persists. Please use appropriate Risk Management and Trade Size to avoid any bigger losses.

Enjoy !!!
Not Financial Advice ... Use at Own Risk.

If you have any questions, contact MoonrakerCrypto.
Thanks and happy trading everyone!

Trade active:

BTC Swingtrading Short Bot (USD_BTC-PERP): Base order executed. Price: 19700 USD