UPDATE: BTC UP 14% after bullish signal
BTC pumped 14% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
BTC is finding resistance from the Ichimoku Cloud. The RSI is in the bullish zone at 61. If we take a look at the Average Directional Index ( ADX DI) its bullish . The +DI (Green Line) is above the -DI (Red Line). While the Trend Strength is weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line). Currently BTC is also above its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which are a bullish signs as well.
Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
BTC is finding resistance from the Ichimoku Cloud. The RSI is in the bullish zone at 61. If we take a look at the Average Directional Index ( ADX DI) its bullish . The +DI (Green Line) is above the -DI (Red Line). While the Trend Strength is weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line). Currently BTC is also above its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which are a bullish signs as well.
Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
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