Price Action is always the best and works well for a quick trade. Any indicators are just noise but gain confidence like divergences and bullish/bearish signals imo.
I always look and draw a channel and pattern, and add Elliott wave 12345 and ABC.
Also I look for a spike in volume during the breakout of a consolidation/pattern before I enter and exit when I see a spiked sell volume.
June 26 - symmetrical triangle with a complete Elliott wave 12345 - breakout June 27 - bull pennant with a complete Elliott wave ABC - breakout Plus, BTC formed Swing High and Swing Low, that's how I found the uptrend channel. June 28-29 - two patterns; falling wedge and ascending triangle with a complete Elliott wave 12345 - breakout! June 29(Late night) - a weak ascending triangle with no Elliott wave - a failed breakout, then selloff below the channel. Also, as you can see, it completed a Elliott wave 12345 within the uptrend channel from June 26 to 29. That is PERFECT TIME TO EXIT A TRADE!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.