Currently we're seeing a higher RSI and a lower low on the 1hr timeframe at BTCUSDT. Typically we can expect a bounce based on this bullish divergence. We expect the market to test the previous structure before continuing higher. When the market does this we'll take a nice long with a good risk to reward ratio. But only when all the checkboxes of the strategy are met, the market can easily continue down from this point.
By waiting until all checkboxes are checked before taking a trade we have made 25R of profits this year.
It's hard to time this part of the market.. its at a major inflection point.
PayPerTrade_deals
⋅
@MaesterMeeseeks, That is correct. That's why we use strategies and wait until all rules are met. That gives us an edge in the market since they've been proven to give us profits over multiple years and multiple currency pairs.