BTC/USDT 4H Candle | Trading w/ Heikin Ashi Candle Strategy #BTC
Education: Check out the chart of past trends. Using Heikin Ashi technique on 4H, you can see your potential profits.
-Also, confirming entries with Stoch RSI, this indicator is very beneficial.
-MACD on BTC doesn't help at all in my opinion as it never crosses the signal line.
-Also, I stay in the news and keep up with top trading view analyst. When the bulls say a correction is coming, get out, when the bears say they are going long, get in.
-Use all your resources. chart what you have time to, follow w/ alerts on top analyst, and check the news on twitter/reddit. I believe we can all be sucessful.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see links and experience notes below
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***Heikin Ashi Trading Rules***
ENTRY: wait until the script signals for a trend change candle(small bodied candle with up & down wicks). you will see a green arrow underneath.
Now wait until the second green candle(wick on top) to form before entering into position. This is confirmation of trend change. You can also enter if thr first green candle is bullish(body with top wick only)
EXIT: Wait for a red trend change candle signal, sell at the next red candle with wick on bottom. If you want to take profits on the first red, it's up to you.
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***My thoughts while learning this trading style***
- Using bigger time frames cuts out all the buy/sell noise. For smaller time frames(5min), I found it beneficial to also use Stoch RSI, MACD, Vol, MA Cross indicators to confirm entries so that you're not constantly trading in and out. I would advise against trading on the 5min using Heikin Ashi Strategy, It's just too tedious and time consuming.
- Stay Disciplined and you shall be profitable. Don't chase the trades, Let them come to you. If you miss out, there's plenty more opportunities. Wait for the next trend change. This technique can be applied on all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
- This style makes trading comfortable and relaxing if you trade in the bigger timeframes, 4hr & 1day. For more price action and to gain more satoshi/USD out of the trades, trade in smaller time frames from 5min, 15min, 30min, & 1hr. I will tell you, if you're a busy person in your everyday life, trading on the 5min and 15min is not ideal.
- Trading view Script from BOBTARHEEL- HOW TO ADD: go to link and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR CHANGE in the drop down menu. CLICK PICTURE
- Website to learn: tradingstrategyguide...eiken-ashi-strategy/
-Also, confirming entries with Stoch RSI, this indicator is very beneficial.
-MACD on BTC doesn't help at all in my opinion as it never crosses the signal line.
-Also, I stay in the news and keep up with top trading view analyst. When the bulls say a correction is coming, get out, when the bears say they are going long, get in.
-Use all your resources. chart what you have time to, follow w/ alerts on top analyst, and check the news on twitter/reddit. I believe we can all be sucessful.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see links and experience notes below
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***Heikin Ashi Trading Rules***
ENTRY: wait until the script signals for a trend change candle(small bodied candle with up & down wicks). you will see a green arrow underneath.
Now wait until the second green candle(wick on top) to form before entering into position. This is confirmation of trend change. You can also enter if thr first green candle is bullish(body with top wick only)
EXIT: Wait for a red trend change candle signal, sell at the next red candle with wick on bottom. If you want to take profits on the first red, it's up to you.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***My thoughts while learning this trading style***
- Using bigger time frames cuts out all the buy/sell noise. For smaller time frames(5min), I found it beneficial to also use Stoch RSI, MACD, Vol, MA Cross indicators to confirm entries so that you're not constantly trading in and out. I would advise against trading on the 5min using Heikin Ashi Strategy, It's just too tedious and time consuming.
- Stay Disciplined and you shall be profitable. Don't chase the trades, Let them come to you. If you miss out, there's plenty more opportunities. Wait for the next trend change. This technique can be applied on all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
- This style makes trading comfortable and relaxing if you trade in the bigger timeframes, 4hr & 1day. For more price action and to gain more satoshi/USD out of the trades, trade in smaller time frames from 5min, 15min, 30min, & 1hr. I will tell you, if you're a busy person in your everyday life, trading on the 5min and 15min is not ideal.
- Trading view Script from BOBTARHEEL- HOW TO ADD: go to link and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR CHANGE in the drop down menu. CLICK PICTURE
