Dale_G

TA to determine when to enter pullbacks or rallies using fibs

KRAKEN:XBTUSD   Bitcoin / U. S. Dollar
Up/Down trend is indicated by candles crossing the 200HMA. Crossing the 200HMA upwards indicates an uptrend; furthermore, crossing downward indicates a downtrend.
After fib extension levels are tested and doji candles appear a rally or pullback should occur depending on the overall trend direction. Uptrends result in a pullback and downtrends will result in a rally. This is when you enter the trade either long or short depending on the overall trend.

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