I'd like find Bottom & Top, ETHUSD.
Without procrastination in the price we're seeing fall immediately after raising wave. Role of pin-bar is very important in this case.
For example, suppose current candle closed at 210 + ATR 40 = next week target 250 nearby.
Let's move to lower time frame:
hit:put the alert for price crossing outside of upper/low bound of the parallel channel.
CONCLUSION : As per ATR and Candle observation, Keep buy until price is above 198.
I"d like to find bottom and top mostly. We need patience here.
- ATR(at 40 points) is useful to decide next week candle range prediction.
For example, suppose current candle closed at 210 + ATR 40 = next week target 250 nearby.
Let's move to lower time frame:
hit:put the alert for price crossing outside of upper/low bound of the parallel channel.
CONCLUSION : As per ATR and Candle observation, Keep buy until price is above 198.
I"d like to find bottom and top mostly. We need patience here.
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.