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LuckyTrader102
Mar 26, 2021 2:05 PM

Relationship between trend line and waves Education

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

How to know which trend line is good for trade?

  • The narrower the trendline slope (under 20 degrees), the harder it is for the trend to change.
  • A small adjustment (change) will be the source of a big correction (change).
  • The conditions for a bull wave or bear wabve thrive are from 35 degrees


One more for calculat timming with candles in this chart:

Because Modify Hikkake was happened!
Before that is the bearish stick sandwick pattern. Suddenly there is a candle pass => create bearish modify hikkake
So we need to wait for the next 3 h4s to check the bottom of candle 2 at 51200usd to make sure we have a bottom at 50500 on this correction.

DO TRUNG QUAN.
Comments
DrCoinelius
Since the angle is dependent on the scale of your charts, how do you determine scale? Thank you!
LuckyTrader102
@DrCoinelius, I am using the default or log scale. So F5 each time i measure it is my style!
LuckyTrader102
Like, comment and share if you love my post :)
Maximusman
Nice work as always
LuckyTrader102
@Maximusman, Thank you, good luck my friend :).
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