Entry point for BTC based on momentum reversing out of the bear market. For those trading on confirmation and solid risk reward ratios.
Find a safe bottom, not necessarily the lowest price.
Strategy
1. The major buy signal comes when the first Heikin Ashi 1M closes green. (This was once printed in June 2014. But a high RSI would falsify the signal trigger)
2....
Hi All, my main 3 take-outs from this analysis are the following:
1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline
2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end
3- In the next intraday sessions, it might be possible to see a further run...
VIPS
First I want to give mad props to MADO for his/her Divergence MACD Indicator. I found this last night and this is what I have found while using it. Although it doesn't preplot every divergence I would like to see and there are a lot of other things I wish it did...maybe some programmer or Mado themselves would like to help put what I see all together into one...
Hi
it is mainly based on Divergence and Price Action analyzing techniques
Kindly watch this in the Full Screen Mode
Please share your opinions with me in the Comment Section
Welcome to our enTHUZed trading community!
Our educational crypto trading group is focused on learning trading through actual trade repetition. Learn enTHUZed’s quick and easy Strength Trading style using simple chart indicators to “short the Rips and long the Dips”! We cover these major contract/leverage trading pairs regularly: BTC , BCH, EOS, ETH, LTC & XRP...
