BTC Flag or False flag? Scalp averages
Updated
A good method to find an entry, exits, supports/resistances, and overall trend direction is to use the 1, 5, and 15min 50day& 200-day SMA&MA's. Ema's crossover ma's on same time frame is bullish. 50ma is a good momentum indicator. Of course 50's over 200's is bullish and watch for crosses and tightening of each average in relation to one another. A simplistic explanation, but if you watch over time, it's extremely helpful. Confirm entries on 1 min and 5... As a candle closes above or below each point, look at the general set up of the price in relation to the averages the averages in relation to themselves. In times of volatility, if you can watch to scalp...the take advantage of that.
Note
SMA&EMA's* correction to original postNote
Failing to close above 200EMA. DMI/ADX showing consolidation
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.