Dear all, I think I have a good idea to share for LONGS ONLY, this is unfortunate though. But I consider a long here a tough call than a short. Thus, I am sharing this! Prepare your HEIKIN ASHI chart like this. invst.ly/7r730...What do you see? This is a noise free chart showing a beautiful oversold condition. We strictly trade on the daily time-frame and target any price channel (KC, BB, DC etc.) & exit at the middle band. The position may reach in N-days depending on the daily ATR (~400+/-5H depending how many times a price moved up/down in a day). Then re-asses the market and re-enter the long on a pullback. Again, standard candlesticks carry noise, much important to revisit with HA charts. Lastly, SLs are friends in tailor-made situations but enemies when you are nearing a major support. Good luck!
Note
Not updatingt this - it is a long and see updates https://here...https://www.tradingview.com/chart/BTCUSD/DnNbJ5ug-Bitcoin-Trading-with-Technical-Analysis-on-Daily/Trade closed: target reached
July rally
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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.