BTC corrected further and this is exactly why you always need to wait for that blue Buy signal dot when using the Hash Ribbons indicator.
The bright green dot showed recovery but the Buy signal did not appear yet which means downside, and even heavy downside, is still possible.
So I am still patiently waiting for that blue dot before entering my long position.
Always trade carefully!
The bright green dot showed recovery but the Buy signal did not appear yet which means downside, and even heavy downside, is still possible.
So I am still patiently waiting for that blue dot before entering my long position.
Always trade carefully!
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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.