Hi fellas,
I just started a long-trade on ADA/BTC.
My thought on the chart is that the current support-level, that was confirmed by the recent low, will hold and will NOT break.
If the support-level will hold I try to figure out with the using of the "Relative-Strength-Index"-Indicator.
If the yellow-labled RSI-support-level will NOT be undershot, then I SUPPOSE a up-trend. If not, then I SUPPOSE a down-trend.
In this case I use the RSI to get a sense how the flair of the market is. Due the RSI I get more confidence in my decisions.
My Stop-Loss is closely under the low of the year and the current support-level. This means, if the price will hit a newer low of the year 2018 I'm out because then I will expect a more heavy down-trend.
Cheers
OtenMoten
I just started a long-trade on ADA/BTC.
My thought on the chart is that the current support-level, that was confirmed by the recent low, will hold and will NOT break.
If the support-level will hold I try to figure out with the using of the "Relative-Strength-Index"-Indicator.
If the yellow-labled RSI-support-level will NOT be undershot, then I SUPPOSE a up-trend. If not, then I SUPPOSE a down-trend.
In this case I use the RSI to get a sense how the flair of the market is. Due the RSI I get more confidence in my decisions.
My Stop-Loss is closely under the low of the year and the current support-level. This means, if the price will hit a newer low of the year 2018 I'm out because then I will expect a more heavy down-trend.
Cheers
OtenMoten
Nota
Additionally, I use the Fibonacci-Retracement-Tool. The two most important levels, the 38.20% level and the 62.80% level, according to the upper Resistance-Levels - perfectly!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.