Just would like to share a simple trade entry idea for BTC and any other markets which have the same type of technical patterns.
Quite simply shorting off of a confirmed RSI trend line when trend is broken. Price, SUP/RES areas have to also be considered of course.
Your looking for multiple hits (respect) of the trend to confirm it's strong, at least 3.
Longs can be taken off of supporting RSI trend line but has more risk as generally better results are seen when a trend breaks..See charts.
Quite simply shorting off of a confirmed RSI trend line when trend is broken. Price, SUP/RES areas have to also be considered of course.
Your looking for multiple hits (respect) of the trend to confirm it's strong, at least 3.
Longs can be taken off of supporting RSI trend line but has more risk as generally better results are seen when a trend breaks..See charts.
Komen:
Hourly charts works best for me.
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