I don't like to get too crazy with indicators, in my opinion it superfluous and ultimately provides more confusion than clarity. I like to stick with 1,2,3 bottom formations and use the fib tool to project possible movements. Indicated is the 1,2,3, bottom forming in the price, where the break out would need to be above the '2'.
My Trade: ONLY IF the price breaks through the $9100 mark on Bitfinex, my trade is opened.
2 trade positions:
BUY 2 @ $9135
SELL 1 @ $9834, SELL 1 @ $10800
STOP: $8790
My Trade: ONLY IF the price breaks through the $9100 mark on Bitfinex, my trade is opened.
2 trade positions:
BUY 2 @ $9135
SELL 1 @ $9834, SELL 1 @ $10800
STOP: $8790
Note
Coming back up, trade activates only at $9135.Note
This trade is now active!Trade active
Target 1 reached!Trade closed: target reached
Success!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.