Left is current BTC price action on the daily timeframe, on the right is BTC on the 12H Timeframe.
Using the QuantRsi to find hypothetical Support targets, and Heffae Clouds as a guide for price movement. In this case, both indicators align to paint the same target.
Showing a prior instance of similar setup on the right pane.
Using the QuantRsi to find hypothetical Support targets, and Heffae Clouds as a guide for price movement. In this case, both indicators align to paint the same target.
Showing a prior instance of similar setup on the right pane.
Order cancelled
8H and 4H paint really strong support in these channels, I don't think a short position is worth the risk in this instance.
Trading cancelled, short closed. Back to a spot position waiting for shorter timeframes to have support in QRsi trend, confirming upward trajectory.
Trade active
Well, I got taught yet again that I should stick with my guns... I think this move will have continuation.
Unfortunately, I lost out on the initial move... even after having the right idea
Great lesson that perfect TA is only part of a successful trade.
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SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
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.