When to take profits and how to protect capital
Now from this chart we can see that the blue ema is about to come into contact with the ashi defence’s lines Brown.
If you look scroll back the charts you can view what happens, examples marked as Point A and B. I have only marked two as a reference, for there are too many to mark.
The goal of ashi defence is to aid in capital protection. We all know that scripts and strategies show data after what has happen, after data is collected. So how is ashi able to give advance warning ?
Ashi is a combination of two studies and one strategy
So in previous post about ETC/USD we can see that the price stayed within the channel and has not yet reached our goal. Still there is profit and we should take, and to protect our capital from cryptos’ famous swings. That could wipe out profits and capital.
Took profits on both positions Bitfinex:Btc/usd and ETC/USD on Bitfinex . Now waiting for program to show new entry points
Bitfinex:BTC/USD bought 9158 sold 9686
ETC/USD bought 6.14 sold 6.8
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