BTCUSD continuation...
Updated
Hi Traders
Let’s look from different angle by using channels. I like Pitchfork on those charts. You have so many possibilities to setup and use. Pitchfork is divided in four zones (25% each).
Top and bottom we use for open or close position – extreme reversal points, remaining two use for monitoring price changes in progress. Last declining swing just stop on Median line of previous channel – that is 50%!
Technique use to monitor momentum shows precisely where momentum just stops.
If you know when momentum will lose strength and price will slows down changes then would you use that to your advantage? I bet you will.
Momentum is right in the bottom of reversal zone and price is not making any significant changes.
We have to wait for the momentum to show rising strength and then we will see price changes.
Any changes will not show up for the next few hours.
Cheers,
Jim
Let’s look from different angle by using channels. I like Pitchfork on those charts. You have so many possibilities to setup and use. Pitchfork is divided in four zones (25% each).
Top and bottom we use for open or close position – extreme reversal points, remaining two use for monitoring price changes in progress. Last declining swing just stop on Median line of previous channel – that is 50%!
Technique use to monitor momentum shows precisely where momentum just stops.
If you know when momentum will lose strength and price will slows down changes then would you use that to your advantage? I bet you will.
Momentum is right in the bottom of reversal zone and price is not making any significant changes.
We have to wait for the momentum to show rising strength and then we will see price changes.
Any changes will not show up for the next few hours.
Cheers,
Jim
Note
Hi, Perfect prediction! It is very easy to predict when where price will change direction and shows very clear signals. cheers,
Jim
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