Bitcoin Bullish Long Term Trend is forming up, get ready to buy?
Hi guys, how you're doing?
This is the EMA 10/20 trend strategy which is quite promising and clear-cut therefore considered to be lower risk. Suitable for mid-long term trades. NOT for short term trades, please.
Trend Conditions:
Both condition must be fulfilled for the Trend to be confirmed.
As you see in the chart, I've clearly shown the point where it is Up or Down Trend.
So right now, as we can see the EMA 10 (blue) has cross above but not very much apart yet, therefore we need to monitor closely for tomorrow or day after, once the lines has spread apart more which shows strong Up Trend, then look for the candle that is fully formed above the EMA 10 (blue) line without touching it, this is where you start to Buy.
Entry point to consider:
Choice 1) RSI:
- 5 mins chart RSI <= 30
- 15 mins chart RSI <= 40
- 30 mins chart RSI <= 50
Choice 2) from the recent high (i.e. 59000), if drops 4%, you might want to put a limit order for this. You might want to buy with 50% of your funds right away (tomorrow after today's candle is fully formed) and put limit order at 56650 (-4%) with the rest of your fund.
OK, this is all, simple and clear, easy for anyone to study.
Important: Do not FOMO (Don't chase the price) and do not FUD (Don't panic sell, follow the two condition)
Hope it helps. Thanks for your support!
BTCUSD
BTCUSD
BTCUSDT
BTCUSD.P
This is the EMA 10/20 trend strategy which is quite promising and clear-cut therefore considered to be lower risk. Suitable for mid-long term trades. NOT for short term trades, please.
Trend Conditions:
- 1) EMA 10 (blue) cross ABOVE 20 (red) and spreading apart means (Bull) Up Trend and the other way round will be (Bear) Down Trend.
- 2) Candle has formed fully ABOVE EMA 20 (red) without touching it, not even the tail means (Bull) Up Trend and the other way round will be (Bear) Down Trend.
Both condition must be fulfilled for the Trend to be confirmed.
As you see in the chart, I've clearly shown the point where it is Up or Down Trend.
So right now, as we can see the EMA 10 (blue) has cross above but not very much apart yet, therefore we need to monitor closely for tomorrow or day after, once the lines has spread apart more which shows strong Up Trend, then look for the candle that is fully formed above the EMA 10 (blue) line without touching it, this is where you start to Buy.
Entry point to consider:
Choice 1) RSI:
- 5 mins chart RSI <= 30
- 15 mins chart RSI <= 40
- 30 mins chart RSI <= 50
Choice 2) from the recent high (i.e. 59000), if drops 4%, you might want to put a limit order for this. You might want to buy with 50% of your funds right away (tomorrow after today's candle is fully formed) and put limit order at 56650 (-4%) with the rest of your fund.
OK, this is all, simple and clear, easy for anyone to study.
Important: Do not FOMO (Don't chase the price) and do not FUD (Don't panic sell, follow the two condition)
Hope it helps. Thanks for your support!
BTCUSD
BTCUSD
BTCUSDT
BTCUSD.P
Comment:
Today's candle has failed to maintain above EMA lines, might see lower pullbacks or maybe going back to Bear market. So it's important to wait for a fully formed candle above EMA 10 line without touching it to be confirmed for Bull run. :)
Comment:
So like I said, it fails to form the candle we want, follow by dropping back down touching the EMA 20, it went down to become the Bear market. Now, we'll wait for the EMA 10 going back above EMA 20 and full candle above EMA 10 without touching it and the EMA 10 & 20 lines are clearly widening going apart. :)
Comment:
Anyway, I'll update when it's likely to form the Bull run, no worry
Comment:
Oh yess, the Bull Trend has clearly formed, it's time to buy in!!!
Trade closed: target reached:
So BTC did go for ATH at 69k on Nov 10th.
But then, on Nov 18th, the trend changed to downtrend/bear, which is also correct by this indicator, fulfilling both conditions:
1) Red line (20 EMA on 1-day) must be above Blue line (10 EMA)
2) 1-day candle fully below both Blue & Red line, without touching them, not even the wig
I can't share sceenshot here, so you might want to add the EMA to your chart to verify it, add this 2 EMAs to your BTC 1-day chart:
1st EMA length at 10 (Blue)
2nd EMA length at 20 (Red)
So, right now, it's still in the downtrend. So when we know it's uptrend? When it fulfilled this:
1) Blue line (10 EMA on 1-day) must be above Red line (20 EMA)
2) 1-day candle fully above both Blue & Red line, without touching them, not even the wig
To be honest, I'm kinda lazy to publish a new idea to show the downtrend on Nov 18th, I'm sorry for this.
Well, the indicator is easy, you can setup on your own chart to see real-time, even can set alert for crossing over/under.
Further questions and discussion are most welcome :)
But then, on Nov 18th, the trend changed to downtrend/bear, which is also correct by this indicator, fulfilling both conditions:
1) Red line (20 EMA on 1-day) must be above Blue line (10 EMA)
2) 1-day candle fully below both Blue & Red line, without touching them, not even the wig
I can't share sceenshot here, so you might want to add the EMA to your chart to verify it, add this 2 EMAs to your BTC 1-day chart:
1st EMA length at 10 (Blue)
2nd EMA length at 20 (Red)
So, right now, it's still in the downtrend. So when we know it's uptrend? When it fulfilled this:
1) Blue line (10 EMA on 1-day) must be above Red line (20 EMA)
2) 1-day candle fully above both Blue & Red line, without touching them, not even the wig
To be honest, I'm kinda lazy to publish a new idea to show the downtrend on Nov 18th, I'm sorry for this.
Well, the indicator is easy, you can setup on your own chart to see real-time, even can set alert for crossing over/under.
Further questions and discussion are most welcome :)
As for the EMA lines gap, it's at the progress of spreading apart, not fast but steadily, looks nice, a confirmed Bull Run is much more obvious to me.