Bollinger squeeze breakout strategy ETH
ETH price chart analysis on the Monthly/Weekly time frame (Heikin-Ashi candles, wicks removed).
My breakout buy strategy using Bollinger bands:
-I buy as the price candles break above the 13/48 SMAs with the Bollinger bands opening on the weekly and monthly.
-I Confirm using SAR
-I Confirm using a TD indicator
-I Confirm the SMAs turning up
-I Confirm the candles above both SMAs
I could also add other indicators such as custom buy sell signals and or MACD, Stochastic, RSI, to assist my decisions but I fine this works good without them.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
My breakout buy strategy using Bollinger bands:
-I buy as the price candles break above the 13/48 SMAs with the Bollinger bands opening on the weekly and monthly.
-I Confirm using SAR
-I Confirm using a TD indicator
-I Confirm the SMAs turning up
-I Confirm the candles above both SMAs
I could also add other indicators such as custom buy sell signals and or MACD, Stochastic, RSI, to assist my decisions but I fine this works good without them.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
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