This time i used TD Sequential indicator which indicates us as to where to buy and where to sell.
In the above Chart, a series of nine candles where each close higher/lower than its 4th predecessor candle’s close value. we can see the previous trend finished at candle # 9 and it appears that the new trend starts from here. When do we need to exit of the trade? well, We need to be vigilant and i believe it can go to 125 to 135 or more.
Buy signal:
When we see 9 consecutive closes “lower” than the close 4 bars prior. An ideal buy is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9.
Sell Signal:
When we see 9 consecutive closes “higher” than the close 4 candles prior. An ideal sell is when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9.
Oversold
RSI 30
Pleaser let me know if you have have any questions.
Comment
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As i mentioned previously that LTC would be green zone and our target was between 125 to 135. It hit 136 and started reversing. hope it worked out for you. This is now not looking good and we might see it at 100. will keep you updated guys.
Thank you for the chart. Looks like 9 is really rare to come about on the chart. 8 was not lower than 6 and 7 it seems, but hey, we got a 9. I doubt if it can go up to 9 candles though.
@sifeij, It wont go to 9 candles bro, that is why the target is short. This custom looks way old. i have version 3 and more advanced script. will use in next btc chart soon bro.
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@sdahiya117, Oh, I see. Good to know. I should get rid of the bookmark then.
FRXMACHNE
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@sifeij, yeah bro, don't use this script.Email me on sdahiya117@gmail.com and i will send through an advanced script. also, if there are less candles formed, that means there will be a small target to take profit.
I found this on trading view as a custom TD Sequential...would you like to try it out? To see if this one is playing out better than the original?
tradingview.com/script/ikeGbQTQ-TD-Sequential-Setup-and-Countdown/
Again, thank you so much for the TA.