Utilizing VWAP and RSI bars and MACD and MA ribbon. Trade in direction of trend based on BLUE VWAP line. MACD confirmation. Trade in direction of price. Below blue, only short trades. Above blue, only long trades. This combination of indicators gives you all the information you need to be successful.
Just started playing around with these 4 indicators this week. 15 minute timeframe overlaid over Daily is amazing. Making it very easy to get in. Current exit target based on fibonacci +161.8 from previous downmove is approximtely 7470. Anybody else using these??
* MA Ribbon
* MACD-BB
* Heiken Ashi
* Multi timeframes
Too often, My indicator catches the move but I THINK and don't trust it. Trying to just watch the indicator and "use the force"! You can check the results of what happened on your own charts. I totally would have caught that big drop but I was sleeping and I would NOT have shorted it ANYWAY because I didn't trust what my indicator was telling me!!
FYI, I...
Using only these two indicators, we have isolated a quick and easy way to identify trends in Bitcoin. Sometimes, the price moves too far and too fast for this method. But as highlighted red boxes show, many developing trends are easily identified and easily entered. Still a work in progress but works very well thus far. Using it for primarily Bitcoin but seems...
