Parabolic Envelopes generally carry a 50%+ correction phase. Shout-out to www.bitcoinschmitcoin.com for teaching me everything I know today.
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ETH Trend Following Scalp Set Up Candle #1 Close is Greater than $2 Distance from 40 MA Rules: Bullish #1. 20 MA is Above 40 MA Bullish (Black over Blue) #2 Candle #1 Close Must Be Below 40 MA to Go Long #3 On Next Candle, Candle #2 Buy on Open #4 Place Sell Order at what the 40 MA was in Candle #1 Bearish #1 20 MA is Below 40 MA Bearish (Blue over...
** EDUCATION Protip : Traders use "Nice numbers" aka (123456789) as common sell/buy orders making these levels react strongly so when setting your orders use "Nice Numbers" **