DNT Season of the bull has begun. Trend traders delight
Simple method I like to use for crypto.
Add 3 moving averages to your chart: 7, 15, and 30 day.
Now add the Momentum indicator (21,close).
Ideal long set-up is when 30 MA flattens out while the 7 and 15 rise from underneath. The green arrows show when this happened in the past and rise in price. Red arrows show opposite and decrease in price.
Like to see the momentum indicator heading up. Ideal is when above 0 or positive but in crypto I settle for rising and near 0.
Method is based on daily charts and closing price.
Stop Loss: .006111
Target 1: .009988
Target 2: .011042
Target 3: .014348
Also, check out volume on August 10th. Hmm that is a little suspicious. Do we have a new market maker?
Add 3 moving averages to your chart: 7, 15, and 30 day.
Now add the Momentum indicator (21,close).
Ideal long set-up is when 30 MA flattens out while the 7 and 15 rise from underneath. The green arrows show when this happened in the past and rise in price. Red arrows show opposite and decrease in price.
Like to see the momentum indicator heading up. Ideal is when above 0 or positive but in crypto I settle for rising and near 0.
Method is based on daily charts and closing price.
Stop Loss: .006111
Target 1: .009988
Target 2: .011042
Target 3: .014348
Also, check out volume on August 10th. Hmm that is a little suspicious. Do we have a new market maker?
Trade closed: stop reached:
Everything moves with BTC so TA is dead for all Alts. This action was well planned.