Analysing ETH over the past 2 months on the 1 hour Chart. Use both the Volume Indicator, Price/Trend Indicator, RSI and Moving Average trendlines to your benefit. Please scroll the chart and see the annotations to learn how this is used. More tutorials coming soon. (Updating Indicators shortly, TV took them down because I posted Rockets and Hammers in the...
+ HBAR/USDT Double Bottom Stop / Loss VERY TIGHT as BTC is in a downtrend. Good buy for a few hours.
Asia is soon to wake up and we have a 4 Hour Bear Divergence Green volume didnt break Purple midline with any oomph I shorted the top at 38,499
GALA could move back up before more down. However, we already successfully shorted so we are holding for now. It hit our Blue Line target perfectly!
The uptrend is complete. Check RSI 4 hour against RSI MA. I shorted 79 when I saw some initial dumping on 5 mins chart. We hold until the early 60's.
Not only did the 4 hour and the 1 hour match up several times on Buys, but it held strong through BTC dumps. However, we are now in a rising Wedge. We have a 4 Hour Bear Divergence. I don't recommend to short unless we fall out of Rising Wedge. I think the Buying may be complete so I advise against buying the dip for now, at least on 1 hour anyway.
Using just the Price/Trend indicator on its own, we would have made +40% - we had 2 opportunities to BUY on 4H - however we slept on this as we were too busy trading Crypto to remember that Ukraine is one of the biggest Wheat producers! Interesting to see where it will fall - Sell the News ...
You need to look at price action, and specifically, Heikin Ashi candles along with the Volume Indicator to tell you whether it's okay to FOMO. Use lower time frames to get in quicker. Mostly, I never recommend it, but sometimes where there is strong buying and a clear trend change, a dip might not come for a while. And when it does, because it went up so fast, it...
1) Use Volume divergences to your advantage 2) Use Heikin Ashi weak green candles to find high points to short 3) Use dynamic trendlines by finding high + low points of volume to find "Volume breakouts" Usually volume breakouts can happen before price, and you can predict price trends before they happen. When to close Long BUY trades with small loss or...
MATIC/BTC and MATIC/ETH is weak. MATIC/USDT Weekly just closed Bearish Shooting Star. 4 Hour is breaking Bear Flag. However Weekly Stoch RSI is at Bottom so we must keep an eye on that. As you can see, using the Daily chart, MATIC has done us well, so we expect it to continue behaving along the lines of this strategy.
Trend looks to be weakening, perhaps we go down now.. waiting until Blue + Grey Lines to make orders though as always!