1)
The daily TF represents that it is in a bearish trend
and is currently creating bullish upward candles, so
I can anticipate a counter-trend movement that
can turn into a main uptrend movement at any
time, as we are at the W / M support level as
everyone probably knows.
2)
This strong downward movement shows me that a
strong bearish candle has closed on H4 and thus I
can turn our candle activity into bearish (two
candles in one direction), which means for me that
M15 will push me down and will be in a downtrend.
and thus the M15 could beautifully create a new LL
3)
This upward move shows me that there are still
bulls in the market who are willing to buy a coin,
thanks to this move I am able to stretch the
trendline down on M15 TF, which corresponds to
the expected downtrend on M15 TF.
4)
If I am able to stretch a nice trendline at an angle
of about 45% I know that the market is a
countertrend and I will want to buy at important
levels marked on the H1 TF with an arrow
reflecting upwards move.
But I'm always waiting for a nice signal, engulfing etc.,
I am buying with the expectation of a new HH on the analyzed TF, with the fact that I am setting a partial TP as follows
1.TP 1:1 - 2:1
2. TP 3:1 - 4:1
3. TP 6:1 - 10:1
The daily TF represents that it is in a bearish trend
and is currently creating bullish upward candles, so
I can anticipate a counter-trend movement that
can turn into a main uptrend movement at any
time, as we are at the W / M support level as
everyone probably knows.
2)
This strong downward movement shows me that a
strong bearish candle has closed on H4 and thus I
can turn our candle activity into bearish (two
candles in one direction), which means for me that
M15 will push me down and will be in a downtrend.
and thus the M15 could beautifully create a new LL
3)
This upward move shows me that there are still
bulls in the market who are willing to buy a coin,
thanks to this move I am able to stretch the
trendline down on M15 TF, which corresponds to
the expected downtrend on M15 TF.
4)
If I am able to stretch a nice trendline at an angle
of about 45% I know that the market is a
countertrend and I will want to buy at important
levels marked on the H1 TF with an arrow
reflecting upwards move.
But I'm always waiting for a nice signal, engulfing etc.,
I am buying with the expectation of a new HH on the analyzed TF, with the fact that I am setting a partial TP as follows
1.TP 1:1 - 2:1
2. TP 3:1 - 4:1
3. TP 6:1 - 10:1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.