[BTC] 4H Trending Up
I am trying to use 12EMA in 4H chart as trend indicator (the green line).
Currently 12EMA is moving up gently, knowing BTC's been trapped within 12/26 EMA of daily chart.
I've opened long position right before 12/26EMA golden cross. The candles wicked upon 12EMA nicely.
I am watching out if 12EMA bend down again, that's when I started to close my long position.
Before then, let's riding the 4H trend up.
Currently 12EMA is moving up gently, knowing BTC's been trapped within 12/26 EMA of daily chart.
I've opened long position right before 12/26EMA golden cross. The candles wicked upon 12EMA nicely.
I am watching out if 12EMA bend down again, that's when I started to close my long position.
Before then, let's riding the 4H trend up.
Note
Forgot to mention:Stop loss: 7000 initially, later moved up to 7200.
Target: 7600 (take profit partially, others see where the trend takes.)
Note
Watching out if next 1 or 2 candles causing 12EMA to bend down.Trade closed: target reached
12EMA bend down, closed my long position, waiting for new direction.Review: I am glade to took some profit above 7400, with additional indicator like RSI.
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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.