AlexCH

BTC/USD - Not Trading Until I See Clear Trend Reversal

BITFINEX:BTCUSD   Bitcoin / Đô la
This idea is dull. It is me waiting for one single candlestick , the Japanese style.
But heck, it works wonders.

Yes, RSI and other indicators at lower TF is bullish .

However, it is still too risky for me. I am not trying to catch the bottom here, I am trying to make profitable trades.

Main signal I am waiting for is how we close the day: if we close with a green hammer , it will be a strong signal for long.

Obviously, the body of the hammer will dictate how strong the reversal signal is.
If we close above $7.3K, I will be less risk adverse in opening new long positions.
Bình luận:
Going to hit a resistance soon and go back down?
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AlexCH userbeauty
@userbeauty, I'm not trading until the day closes
+1 Phản hồi
AlexCH userbeauty
@userbeauty, ie. i don't know
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so what do you think now i am skeptical about both sides
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Hi, thanks for sharing. It is seen that in the last 4hs green sails, high and low levels are achieved higher, a smooth and slow ascending line that rises to 7k and bounces. I understand that it is premature to define a trend. I ask what indicator we could monitor to verify if the ascending route begins? Going 7.4k in the next few hours would be a good sign?
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AlexCH gusccbb
@gusccbb, MACD/RSI on longer TF serves more importance. Yes, closing above 7.4K will be a very good sign for long. Watch out for a rising wedge forming as it could break downwards. I am standing on the side line.
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gusccbb AlexCH
@AlexCH, Me too. Until I did not confirm I did not enter, but I saw your comments and it has logic that 7.4 would be a good indicator. Match EMA 100 for 30 min and EMA 50 for 60 min.
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hart-mo AlexCH
@AlexCH, what do you mean by closing? when the chart closes or the market?
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AlexCH hart-mo
@hart-mo, higher tf, a would say above 2hr chart
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@AlexCH, On the 5 min chart it looks like a rising wedge, or should a higher TF be used?
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