Anpu

Bitcoin | One More Useful Sign

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This idea should be considered as an extra to my previous one.

On the Chart we can see one more thing that can be useful and help us to catch the direction of next movement on time. (I would like to add that this sigh can react effectively only if we will go down, for Upbreak it will be more reliable to wait for the breakout confirmed, and watch for other signals if you have ones)

Now two Moving Averages are going parallel and there is a great chance for bearish possible crossover to be dinied. Because of this it won't be an obvious sign that we will go up and as I said above the best option in this case to see the breakout confirmed and act according to your trading strategy. Also be ready to the fakeouts! For them we have stop-losses)

Trading is a never easy thing!

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.
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Nice idea
+1 Reply
Anpu Yuriy_Bishko
@Yuriy_Bishko, Thank You!
Reply
Anpu Yuriy_Bishko
@Yuriy_Bishko, really appreciate it!
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Nice analysis, simple and straight forward but useful...

Thanks a lot for sharing.

Namaste.
+1 Reply
Anpu alanmasters
@alanmasters, Thank You for commenting!
+1 Reply
@Anpu, :)
+1 Reply
Anpu alanmasters
@alanmasters, yeah it is simple, simple doesn't mean primitive it means that it works effectively)
Reply
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