CURRENCYCOM:US30 I been testing this new strategy I been working on. Waiting on key levels to hit along with confirmation from indicators. With this setup, I'm looking for the candle to hit my resistance zone, and drop down to my trendline. This will possibly be a retest or continue to pull down to my support zone.
Practicing using the Fib. Looking at the market structure, I have an idea that this is going to be a short for a few hours.
A little strategy I'm trying out on US30. Starting out with the daily chart and putting in the rectangle. I then use the 4HR chart and put the trendline in. Now wait to see if price retest or break the trendline, which determine whether or not to buy or sell. Now all I do is wait!! If you try this, let me know what your results were.
A simple technical idea. I believe BTC is going up. It tested the indicator a couple of times already. The point of the green rectangle is my signal to get into a trade, possibly to an uptrend.