I've marked bullish signals in green and more neutral ones in orange. There are some bearish things you could point out, but this method only considers the signals pictured.
As in my previous bitcoin ideas, the idea is to look for the best long entry over the next few hours. Breakouts from the cloud are usually followed by a period of consolidation before making another move up. There's rarely a need to FOMO into position with this method.
The flat kumo at 3850 suggests a potential return to this area soon. But I think anywhere near/under 4k would be a good entry for this trade.
Until the next low is formed, stoploss is below 3600 (marked yellow horizontal)
Trade will remain open until stop is hit (moving stops up to significant lows and dojis along the way) or we print two red candles in a row where the second one closes with its body below the previous candle's range.
As in my previous bitcoin ideas, the idea is to look for the best long entry over the next few hours. Breakouts from the cloud are usually followed by a period of consolidation before making another move up. There's rarely a need to FOMO into position with this method.
The flat kumo at 3850 suggests a potential return to this area soon. But I think anywhere near/under 4k would be a good entry for this trade.
Until the next low is formed, stoploss is below 3600 (marked yellow horizontal)
Trade will remain open until stop is hit (moving stops up to significant lows and dojis along the way) or we print two red candles in a row where the second one closes with its body below the previous candle's range.
Note
Bit late on the signal as I accidentally published this as privateNote
Moving stoploss up to here. Think it will get hit soon, but the good thing about using this strat is you don't have to think, just make profitable trades :)
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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.