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Melroy89
Sep 2, 2019 9:59 PM

Looking at the MACD, 4EMA and bollinger bands shows BTCUSD Long Long

Description

For the upcoming week (several days), I would say there will be a price increase for BTC/USD symbol, by just looking at:
  • RSI (not in current graph (sorry I don't have a pro account)
  • MACD for sure! See the cross coming up on the 1D chart
  • 4EMA is getting ready as well
  • The price is less volatile and low in the bollinger bands


Currently I bought BTCUSD futures at Bybit with 3x leverage for long in the coming days. See the dotted green lines for both stop-loss and take profit limits.

Future plan: looking at the super trend later on..

Trade active

Also check for example the 4 hours time frame (besides 1D), here you already see the cross of MACD.
Comments
OFMCD12
4ema? really, why?
Melroy89
@OFMCD12, Thanks for asking. 4EMA, I would like to see my defined pattern: blue, green, yellow, red :) This would be a good trend confirmation. Current the red is still above, but I will expect this will change to the preferred order of B/G/Y/R again.
I'm also looking at MACD ofc.
OFMCD12
@Melroy89, nice thanks
Melroy89
@OFMCD12, Also check for example the 4 hour time frame or lower if you didn't already. You will see the MACD cross already and the 55D cross in 4EMA
OFMCD12
@Melroy89, will check it out, thks
Bullandbeartrading
Neat long set up chum!
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