Hello everybody
XBTUSD
BTCUSD
1min. I don't trade 1min but everything has to start from something.
Here we can see The new purple line plotted into script which gives us Trailing Stop.
5min brave scalp TF. :eyes: on STOCH
15min. SHORT signal. :eyes: on RSI it will be first to react if PA up.
30min. notice STOCH it seems to break downwards. question is will it find support on second line of strategy's EMA.
1h. After LONG signal now we get double edged wicked candle suggesting a reversal retrace in about to occur .
4H. low volume but also only the start of TF. :eyes: on STOCH RSI as it wants to curve down if it breaks and curves down then RSI itself will follow. atm the RSI seems to be going up but this is also because of lagging factor of indicators and actually move up already occurred.
6H. seems like bulls steam is near end at this TF. notice the STOCH RSI which is pressed to the top but at the same time RSI is slowly pointing for downward movement. low volume and if new volume is not generated by bull bots PA will not sustain.
12H. looks bullish after we get LONG signal.
:eyes: on macd it wants to get to positive HIST which is a good sign for BULLS.
but double attention on the RSI itself as it is curving down. so in case that RSI breaks down and price starts to drop the macd will actually draw us the bull trap I anticipate. AS many traders atching MACD and wait for positive HIST confirmation I believe that ALGOs will push price down.
1D. long signal on the Daily. Bullish sentiment in the air.
but pay attention that PA is still trapped at strategy's EMA (48) a real move up will occur if those EMA breakout on the Daily, til then it could wind us up but no substantial move up will tke place. :eyes: on volume today is the KEY. no new (fake) generated volume - NO PA UP.
Thank you and make sure to check the script that I base my analysis on:
XBTUSDBTCUSD1min. I don't trade 1min but everything has to start from something.
Here we can see The new purple line plotted into script which gives us Trailing Stop.
5min brave scalp TF. :eyes: on STOCH
15min. SHORT signal. :eyes: on RSI it will be first to react if PA up.
30min. notice STOCH it seems to break downwards. question is will it find support on second line of strategy's EMA.
1h. After LONG signal now we get double edged wicked candle suggesting a reversal retrace in about to occur .
4H. low volume but also only the start of TF. :eyes: on STOCH RSI as it wants to curve down if it breaks and curves down then RSI itself will follow. atm the RSI seems to be going up but this is also because of lagging factor of indicators and actually move up already occurred.
6H. seems like bulls steam is near end at this TF. notice the STOCH RSI which is pressed to the top but at the same time RSI is slowly pointing for downward movement. low volume and if new volume is not generated by bull bots PA will not sustain.
12H. looks bullish after we get LONG signal.
:eyes: on macd it wants to get to positive HIST which is a good sign for BULLS.
but double attention on the RSI itself as it is curving down. so in case that RSI breaks down and price starts to drop the macd will actually draw us the bull trap I anticipate. AS many traders atching MACD and wait for positive HIST confirmation I believe that ALGOs will push price down.
1D. long signal on the Daily. Bullish sentiment in the air.
but pay attention that PA is still trapped at strategy's EMA (48) a real move up will occur if those EMA breakout on the Daily, til then it could wind us up but no substantial move up will tke place. :eyes: on volume today is the KEY. no new (fake) generated volume - NO PA UP.
Thank you and make sure to check the script that I base my analysis on:
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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.
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.