UPDATE: BTC UP 493% after bullish signal - Done correcting?
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UPDATE: The price dumped into support around 42,000 USDT. I added two supports in blue, in case BTC isn't done correcting. Next line of defense is around 40,000 USDT. Break that, we will go down to 37,500 USDT.
I wouldn't be surprised if BTC went sideways here for few weeks, before starting another bull run. Fear is at its highest. Nothing goes down forever. My "Supertrend Ninja" indicator hasn't given a bullish signal as of yet. Based on the old gains (yellow). And the corrections (purple). The Supertrend Ninja seems to be very reliable. So I'll be waiting patiently for the market to change its trend. You don't need to buy the bottom. You just need to ride a big part of the uptrend.
Generally my "Supertrend Ninja" indicator gives around 2-8 bullish signals a year. In 2021 it only gave 4 bullish signals, with both being very reliable. Making gains of 50% and 43%.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: The price dumped into support around 42,000 USDT. I added two supports in blue, in case BTC isn't done correcting. Next line of defense is around 40,000 USDT. Break that, we will go down to 37,500 USDT.
I wouldn't be surprised if BTC went sideways here for few weeks, before starting another bull run. Fear is at its highest. Nothing goes down forever. My "Supertrend Ninja" indicator hasn't given a bullish signal as of yet. Based on the old gains (yellow). And the corrections (purple). The Supertrend Ninja seems to be very reliable. So I'll be waiting patiently for the market to change its trend. You don't need to buy the bottom. You just need to ride a big part of the uptrend.
Generally my "Supertrend Ninja" indicator gives around 2-8 bullish signals a year. In 2021 it only gave 4 bullish signals, with both being very reliable. Making gains of 50% and 43%.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Beware of scammers. I do NOT have Telegram, Discord, Instagram, Twitter, Youtube or Facebook.
Tradingview is the only channel I use.
Tradingview is the only channel I use.