TradingView
Mikelikescrypto
May 18, 2019 2:32 PM

BTCUSD Transient Zone Method 15M 5/18 Education

Bitcoin / United States DollarCoinbase

Description

The TZ method is fairly easy. There is several tradingview scripts for Transient Zones.

You can almost grasp it by looking at the rectangles on the chart that makes up the method. It's a support and resistance system with a time factor based on the chart geometry.



tradingview.com/script/NBcEvyej-Transient-Zones-v1-1/
forexfactory.com/showthread.php?t=434603&page=286
forexfactory.com/showthread.php?t=434603
docplayer.net/4738961-Eurusdd-s-tz-rz-clues-lessons.html

These resources (not that of my own) go over the strategy in detail.

Here I've applied the strategy to bitcoin on the 15 min time frame... some boxes represent zones on larger time-frames.

I've used lines at large zones/upper TF zones instead of the exact method.

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So we can break down now, or head up for several hours and retest 7400-7650 range.


that is all for now.

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We break the top of the yellow zone, we go up :).....

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Sell here, buy the break..... if you were to trade it, I won't.

Trade closed: target reached

HAH we broke up already.

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So obviously, I combined my indicators and a gannbox with gann fans overlayed on top of the transient zone chart. price follows angles quite well.

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