BTC/USDT | 1HR | Heikin Ashi Technique | up over 3%
If you were trend trading on the 1HR time frame using Heikin Ashi technique and disciplined to the strategies rules, you would be up over 3%.
Ashi Trend traders don't predict price, the candles let us know when to buy and sell.
Check out the chart. Notice the red trend candle in the middle of the trade. This is an example of why you should wait until the 2nd bear candle forms to confirm downtrend. It continued upward.
Also, use other indicators to back up the trend candles. Look at the Stoch RSI, and MACD. They all cross upward on the 1st green trend change candle. MA cross doesn't cross up until 7 hours later but 3 out of 4 indicators say BUY BUY BUY.
Trading in bigger time frames avoids all the noise between the battle with the bulls and bears. I will look at the 30 min to observe when BTC will begin to downtrend. With being up over 3% already, it's okay to drop down to the 30min time frame and sell at the 1st or 2nd bear candle. up to you to manage you're profits and when you're happy.
Happy trend trading!
Ashi Trend traders don't predict price, the candles let us know when to buy and sell.
Check out the chart. Notice the red trend candle in the middle of the trade. This is an example of why you should wait until the 2nd bear candle forms to confirm downtrend. It continued upward.
Also, use other indicators to back up the trend candles. Look at the Stoch RSI, and MACD. They all cross upward on the 1st green trend change candle. MA cross doesn't cross up until 7 hours later but 3 out of 4 indicators say BUY BUY BUY.
Trading in bigger time frames avoids all the noise between the battle with the bulls and bears. I will look at the 30 min to observe when BTC will begin to downtrend. With being up over 3% already, it's okay to drop down to the 30min time frame and sell at the 1st or 2nd bear candle. up to you to manage you're profits and when you're happy.
Happy trend trading!