I'm not trading this, just curious if it plays out. Same 30% dip over 3 days. Brings BTC back to the slower long-term trendline, which also happens to be the peak of the previous ATH at around $41k and the 0.618 retracement.
Always keep things simple. As you can see here with the 50 range bar chart for e-mini futures, when the 9 day EMA (green) crosses above the 20 day EMA(red), price direction is clearly defined. Using range bars gets rid of a lot of the noise associated with time-based charts, and keeps other time frames from invalidating your ideas making you miss out on good...
You can clearly see where to close shorts and open longs by using the 9 and 20 day EMA cross using 50 range bars on e-minis futures
On the 50 range bar chart for SPX E-Minis Futures , you can see what has happened during this last run-up when RSI dips to 40 or below and starts climbing. Marked with the red arrows. We take a day or two for a quick breath, then start climbing again. I would like to see a couple more bars print for confirmation. If we can punch thru the $3202 level, marked by...
Indicator just fired off to go long at 10,710. As you can see from backtesting, it nearly always hits the take profit(TP 1). 3% down for stop loss, 2.4% up for TP 10 X Leverage gets you a solid 24% profit
Opened long position at 9168. 10 x Leverage. Take profit at 9388.50. Stop loss set at 8893.50.
Indicator fired off short at 9274.50. TP: 9052, SL: 9552.50 Indicator is right about 90% of the time.
Here we see an ascending triangle developing on the daily ETHUSD charts. Volume is contracting. A positive RSI divergence is also noted.