VET/USDT 1H Candle | Trading w/ Heikin Ashi Candle Strategy #BTC
*** Technical Analysis***
Following Heikin Ashi Technique, I am late to this trade on the 1HR with #VET on its 3rd Bullish candle. The 4HR currently shows 1 green trend change candle. This is good enough info along with the fact it just corrected after its re-brand launch today. We shall see as I trade off the ways of the Heikin Ashi Technique.
Entry: $.02125, .02132, .02135
Exit: 4hr red bear candle with bottom wick
Thank you. Please share your thoughts, like & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see links and 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 the 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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***Advice***
Using bigger time frames cuts out all the trading 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 o all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
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***HEIKIN ASHI TECHNIQUE - My thoughts while learning this trading style***
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
Suggested website to learn: tradingstrategyguide...eiken-ashi-strategy/
Following Heikin Ashi Technique, I am late to this trade on the 1HR with #VET on its 3rd Bullish candle. The 4HR currently shows 1 green trend change candle. This is good enough info along with the fact it just corrected after its re-brand launch today. We shall see as I trade off the ways of the Heikin Ashi Technique.
Entry: $.02125, .02132, .02135
Exit: 4hr red bear candle with bottom wick
Thank you. Please share your thoughts, like & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see links and 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 the 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.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***Advice***
Using bigger time frames cuts out all the trading 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 o all Alt coins as well. Keep in mind though that alts tend to follow Bitcoins movements. Patience is key
----------------------------------------------------------------------------------------------------------------------------------------------------------------
***HEIKIN ASHI TECHNIQUE - My thoughts while learning this trading style***
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
Suggested website to learn: tradingstrategyguide...eiken-ashi-strategy/
Trade active:
Up 1.95% in 4hrs. Not bad. I also entered into #VET a candle too late but it's okay to jump in and ride the wave.
Comment:
forgot the chart.
Comment:
Havent been in VET in a while but been watching it all morning. Missed out on some big gains. This my next entry tpday. Lets see how this goes.
Comment:
Hope you saw this too. I posted VET as my entry for the day. But all crypto went up so maybe not so impressive. Thanks. I like drawing channels and resistances now. Spot on a lot of the time
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Comment:
Make sure you set stop loss to a point where you're comfortable losing your capital. BTC is bearish so protect yourself. VET is in a descending channel
Comment:
2 other opportunities today to enter VET right before the Yellow MA is breaking through the Blue MA. All 4 of these entries could have brought you 4%-6% gains if you could of stomached yesterdays dump. I stuck through yesterdays drop but honestly, I don't like to because I spend the rest of the night mad I didn't apply a stop loss. On top of that, BTC and all alts rallied hard just now for massive gains. lesson learned if you used all your capital in a trade yesterday, always save some for another trade. Thanks
to take profits where you feel comfortable. It feels crappy
to know you could of sold but didn't. Who's not happy with profits.
This morning Binance announced airdrop 1 Aug for VET. Knew the FOMO is real and hopped back in. I'm learning there are some coins that you can't follow strict Heikin Ashi rules. Hype outplays TA. do you agree? Highlighted are my price ranges and dates for entry and exits. Thank you.