I have not tried this for many other pairs but this is working for me with ETHUSD on the 15 min chart. After looking at several indicators, entering in at the wrong times, being in long when I should be in a short or out, the frustration led me to really try to find where the best low to buy into would be, I discovered that if I set the Stoch RSI indicator with the following values and simply buy when the bottom K crosses D and ride the trend to the top and sell (short) when K crossed D at the top, it makes for a nice profit most of the time. Nothing is 100% foolproof when using one indicator so I recommend pairing it with a 1 or more you are familiar with.
Pair: ETHUSD on Kraken (Can short in the US on that exchange currently) Many others are disabling shorting if you reside in the US.
Chart: 15 Min Chart
Indicator: Stoch RSI in Trading View
K 85
D 14
RSI Length 19
Stochastic 125
If you buy in too far away from the crossing, you will be caught in the volatility from my experience. Paper Trade to feel comfortable and so far, when the whale hits, I am in the right direction. I am no financial adviser but simply showing and perhaps saving someone hours of analysis. Note: On a large dump or large move up, this will not buy in outside the Bollinger Bands, but enter in a less volatile and hopefully let you enter without instantly being in a negative. Good luck...
Pair: ETHUSD on Kraken (Can short in the US on that exchange currently) Many others are disabling shorting if you reside in the US.
Chart: 15 Min Chart
Indicator: Stoch RSI in Trading View
K 85
D 14
RSI Length 19
Stochastic 125
If you buy in too far away from the crossing, you will be caught in the volatility from my experience. Paper Trade to feel comfortable and so far, when the whale hits, I am in the right direction. I am no financial adviser but simply showing and perhaps saving someone hours of analysis. Note: On a large dump or large move up, this will not buy in outside the Bollinger Bands, but enter in a less volatile and hopefully let you enter without instantly being in a negative. Good luck...