BTCUSD 4H - DMI and DPO Analysis
The detrended price oscillator is excellent for seeking out where divergence is building.
The directional movement index is excellent for seeking out potential new trends at the very start
I'm bullish on this chart setup.
But the market can always go both ways.
Use the support trend line to set an alert. If crossunder then stop loss
Or you can set a stop loss alert on the directional movement index indicator with a bearish crossover alert.
This chart is shareable and color blind friendly
The directional movement index is excellent for seeking out potential new trends at the very start
I'm bullish on this chart setup.
But the market can always go both ways.
Use the support trend line to set an alert. If crossunder then stop loss
Or you can set a stop loss alert on the directional movement index indicator with a bearish crossover alert.
This chart is shareable and color blind friendly
Elon Musk tweet strikes again