BTC Price Action
Day/Swing trading only
Price Action is always the best and works well for a quick trade. Any indicators are just noise but gain confidence like divergences and bullish/bearish signals imo.
I always look and draw a channel and pattern, and add Elliott wave 12345 and ABC.
Also I look for a spike in volume during the breakout of a consolidation/pattern before I enter and exit when I see a spiked sell volume.
June 26 - symmetrical triangle with a complete Elliott wave 12345 - breakout
June 27 - bull pennant with a complete Elliott wave ABC - breakout
Plus, BTC formed Swing High and Swing Low, that's how I found the uptrend channel.
June 28-29 - two patterns; falling wedge and ascending triangle with a complete Elliott wave 12345 - breakout!
June 29(Late night) - a weak ascending triangle with no Elliott wave - a failed breakout, then selloff below the channel. Also, as you can see, it completed a Elliott wave 12345 within the uptrend channel from June 26 to 29. That is PERFECT TIME TO EXIT A TRADE!
Price Action is always the best and works well for a quick trade. Any indicators are just noise but gain confidence like divergences and bullish/bearish signals imo.
I always look and draw a channel and pattern, and add Elliott wave 12345 and ABC.
Also I look for a spike in volume during the breakout of a consolidation/pattern before I enter and exit when I see a spiked sell volume.
June 26 - symmetrical triangle with a complete Elliott wave 12345 - breakout
June 27 - bull pennant with a complete Elliott wave ABC - breakout
Plus, BTC formed Swing High and Swing Low, that's how I found the uptrend channel.
June 28-29 - two patterns; falling wedge and ascending triangle with a complete Elliott wave 12345 - breakout!
June 29(Late night) - a weak ascending triangle with no Elliott wave - a failed breakout, then selloff below the channel. Also, as you can see, it completed a Elliott wave 12345 within the uptrend channel from June 26 to 29. That is PERFECT TIME TO EXIT A TRADE!
Johanco
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Johanco
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.