TESTING THIS STRATEGY, NOT FINAL YET Overall chart period: 12 hour ---------------------------------------------------------------------- RSI settings for Scalping: Length: 2 Source: Close Upper band: 97 Lower band: 3 Alert: Set alert for when RSI goes below 3 as an early warning. Entry: Enter long trade with 5% stop loss when it goes back up above...
There is a great deal of volatility in crypto prices, which invalidates many of the entry signals provided by popular indicators. You can compare the Renku bars to the price shown in the bottom window. In this example, I have used Renku bars to smooth out price movements. the ADX indicator then signals swing lows and highs. Note that in the top window there...
Using' Guppy's MA's you can see potential entry points in BTC/USD during the downturn.