Add reactivity to your trending script when crypto is uncertain
Hello fellow traders,
It is no surprise that the cryptocurrency market, leaded by
BTCUSD, is showing accrued uncertainty recently, with a major 10K resistance holding strong, and the bulls eager to buy any dip that follow a failed test of the resistance.
Based on that and previous experience, I tried to re-enforce my latest script presented last month with:
- Even more reactivity in the default multi-MA values
- Trailing take profit % (configurable)
- Fixed stop loss in % (configurable)
Idea for a next step:
- Use the new Trading View Auto-Fib tracing to figure out levels
- Take partial profits on such levels, or at least implement an intermediary trailing take profit
It is no surprise that the cryptocurrency market, leaded by
BTCUSD, is showing accrued uncertainty recently, with a major 10K resistance holding strong, and the bulls eager to buy any dip that follow a failed test of the resistance.Based on that and previous experience, I tried to re-enforce my latest script presented last month with:
- Even more reactivity in the default multi-MA values
- Trailing take profit % (configurable)
- Fixed stop loss in % (configurable)
Idea for a next step:
- Use the new Trading View Auto-Fib tracing to figure out levels
- Take partial profits on such levels, or at least implement an intermediary trailing take profit
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