XBTUSD/BTCUSD Truth Time! Bull Flag ending!
Updated
The yellow line shows the bull flag tops equaling out..proof is in the pudding..will it be a true bull flag or a falsey?
Note
Note that it is double topping below the previous double top failure.Note
Tanking on the short charts... Have to break 8450 within 24-30 hours or bust I think..Trade active
Bubye!Note
Notice on that last one, the SAR strategy indicator finally popped a sell on the 1H. This could be my new favorite indicator with a bit of tuning. I've looked back over the history it seem that as long as you don't pick entries where the SAR indicator is too close to the price action, it's a very profitable strategy.This strategy is considered high risk in the stock market, but I think it might work very well for crypto (much more volatile). After I close out my current trades I may try following the SAR Strategy indicators advice for a while and see how it goes!
Trade active
Since I have mostly been trading based on trend lines and the Gann fan, and exploring TV charting features.. I have been trying to tweak my indicator values a bit.My theory is that all the standard charting tools were created for a completely different market and are being applied to crypto because they're the shoes that fit the best. Since crypto is so much more volatile, I have been shortening the intervals fed into the indicators and then trying to see if they match up against historical data in a way that allows for better anticipation, rather than reaction.
The EMAs & SMAs on my BTC chart are pretty interestingand support my shorting theory.. at least to me :D
Trade active
Still positioned around 8350, stop loss moved to 8200.Note
2 down pressure dots on the 4 hour SAR... expecting SARS to pop a sell indicator pretty quick.Trade active
I do not think we're going to see another test of the top of that false bull flag.
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