2 questions about the EMA Dots Indicatorit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
Monero
How to use my indicator w/ a basic plan.I got asked "What should I use if I only have a basic tradingview account without custom timeframes?"
Here is a video explanation of what i would recommend.
Monthly / Weekly / "Maybe the daily to scalp"
Monthly will identify overall trend in the market
Weekly will be a good hold and sell
Daily to scalp as the market is going up
Hope this helps. :)
Monero: Have you formed the C of CD leg????It seems C has finally formed on Monero. If this is correct then we are looking at getting in to take advantage of price moving up to D (78.6%) which will complete the Gartley pattern.
I have been long for some time (was painful 3 weeks watching price go lower / side ways) but we have some really positive price action now including today BIG green bar.
I will post in the notes entry / add to position, stop & take profit soon.
Are we seeing the spring buds of a Crypto Recovery??I was walking in the woods over the weekend and noticed lots of trees / bushes and most of them were budding or had already sprouted very small leaves.
Taking a look around the Crypto space I have noticed what could be a Crypto spring, with a lot of coins bouncing off imporant support levels / making higher lows / retesting lows etc.
This week will be VERY important... if the Larger Cap coins have a good week we could be seeing a real change in sentiment. It could very well lead us into Spring and Summer after that.
Watchlist Update 25 (Vid) | BTC, LTC, XMR (Bounce coming?)I'll keep it short, as I've already written up everything in a previous idea. Since writing the other idea, BTC has nearly reached the expected support area and LTC has continued to form a bull flag in equilibrium, but it's looking weaker, like a symmetrical triangle. If you were in the Discord channel, you would have caught where I mentioned we've already completed the edge-to-edge cloud break for now, until it proves otherwise. You'll have multiple bull signals going forward. The first will be on a break of the triangle. The second would be a break of the flag if you're bullish. I threw in Monero as I noticed it was down more than 10% on the day. It looks like it still has room to go flat for a bit and continue down, I don't see enough signs for a reliable bounce trade but you can try it, but keep your stops tight.
That's all for today. Roti out.
Monero: Why are you going down?In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6.
This is still very early so I'll update as things progress in terms of entry point / stop loss etc.