Bitcoin / TetherUSEducation
Indicator: Bad Ass Bollinger Bands by wyckoffmode Instructions
Hello,
At this time you may buy Bitcoin below the lower indigo band of Bad Ass Bollinger Bands and sell above the white upper band.
In the future you can come up with your own trading strategy by looking at the BBB indicator and finding the points on the indicator where buying is optimal. For instance like I said now is the time to buy below the lower indigo or "blue" band and sell above the white upper band.
Please, I'm interested to know your thoughts and would appreciate if you write me some information in the comments about this.
Please, pair Bad Ass Bollinger Bands with "Phoenix Ascending" also by username wyckoffmode aka David. He's a great man.
You may also ask him for access to "Phoenix ARI" and combine stochastic RSI with Phoenix ARI because Phoenix ARI is less susceptible to price action. By merging the two you get a good glimpe of volitility mixed with price action.
By using Phoenix Ascending a general rule of thumb is to buy Bitcoin when the blue LSMA is below the 20 line. However as you can see that doesn't happen a lot. So try to buy when all three green,red and blue are as close to the 20 as possible with green even being below the 20.
The best timeframe to use this on in my opinion is the three hour. If you are using this on the 15 minute or 30 minute chart please make sure you load a copy of the 3 hour and 6 hour charts in another tab and monitor to them to accurately make a good trading decision. Always remember what it generally boils down to in this market is to buy below the the lower indigo and sell above the upper white.
Good day and best wishes.
At this time you may buy Bitcoin below the lower indigo band of Bad Ass Bollinger Bands and sell above the white upper band.
In the future you can come up with your own trading strategy by looking at the BBB indicator and finding the points on the indicator where buying is optimal. For instance like I said now is the time to buy below the lower indigo or "blue" band and sell above the white upper band.
Please, I'm interested to know your thoughts and would appreciate if you write me some information in the comments about this.
Please, pair Bad Ass Bollinger Bands with "Phoenix Ascending" also by username wyckoffmode aka David. He's a great man.
You may also ask him for access to "Phoenix ARI" and combine stochastic RSI with Phoenix ARI because Phoenix ARI is less susceptible to price action. By merging the two you get a good glimpe of volitility mixed with price action.
By using Phoenix Ascending a general rule of thumb is to buy Bitcoin when the blue LSMA is below the 20 line. However as you can see that doesn't happen a lot. So try to buy when all three green,red and blue are as close to the 20 as possible with green even being below the 20.
The best timeframe to use this on in my opinion is the three hour. If you are using this on the 15 minute or 30 minute chart please make sure you load a copy of the 3 hour and 6 hour charts in another tab and monitor to them to accurately make a good trading decision. Always remember what it generally boils down to in this market is to buy below the the lower indigo and sell above the upper white.
Good day and best wishes.
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