FX_Baba

FX_Baba

Golem looks really good on the Daily time frame to enter a Long position according to our trading system and our set of indicators. Let's go through them and explain what information they are providing us with that makes us have such certainty 1) The indicator applied o the chart is a Bollinger Band at a 20 period for mere visual reference 2) ZRange indicator...

FX_Baba

It is normal to panic when prices drop but it's always a good thing to analyze the entire chart and see if there is indeed a valid reason to be panicking. Our ZTrend indicator is really good for evaluating direction and strength. It is based on moving averages and standard deviations. In the chart above we have it setup from top to bottom with the following...

FX_Baba

Many are saying BTC has reached bottom. I disagree. #BTCUSD reached 3.25 deviations from the 253 average back in June 26th of this year when price reached $13,016. An instrument can naturally deviates (+1) & (-1) deviations from the mean. Whenever such levels are crossed, a bullish or bearish trend is in place until the instrument has reached +3 or -3 deviations...