BitcoinLong
BTCUSD Long Setup - 4HR
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Setup: The indicator gave me the setup I was looking for yesterday (see yesterdays post) on the 4HR chart. Traders of my indicator would have seen it materialise, and triggered on this candle.
Trigger: Price breaks long level: trade is triggered already.
Stop: Stoploss is below trend line level, not at the trailing stop the indicator plots for me.
Target: I’m looking for reactions and indicator signals at the daily trend line (T1 at 5000), if we break above that then look for reactions at the next resistance areas. I expect the 4HR kumo to be broken, but it is a level to watch
If you enjoy these setups and analysis please like and subscribe, it’s the easiest way to support my work and spread the word to other traders :)
If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!
More information on the indicator can be found below:
Trigger: Price breaks long level: trade is triggered already.
Stop: Stoploss is below trend line level, not at the trailing stop the indicator plots for me.
Target: I’m looking for reactions and indicator signals at the daily trend line (T1 at 5000), if we break above that then look for reactions at the next resistance areas. I expect the 4HR kumo to be broken, but it is a level to watch
If you enjoy these setups and analysis please like and subscribe, it’s the easiest way to support my work and spread the word to other traders :)
If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!
More information on the indicator can be found below:
Note
PS. To the subscribers to my indicator: The version I'm using is the new version. New features are the trend cloud and resistance cloud (taken from ichimoku), and the reversal bars (the green and red coloured bars)I'll upload this script as a new beta version when I fixed a few major bugs, and when the documentation is written I'll push it to the "normal" version. Don;t worry, you'll have it when it's ready ;)
Note
not breaking through straight away, but that;s no problem. As long as 4100-4000 holds I'm not worried. Give the market time..
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