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Tuesday, January 11, 2022

UPDATE: BTC UP 493% after bullish signal - Ready for more πŸš€

UPDATE: BTC UP 493% after bullish signal - Ready for more πŸš€

Bitcoin / TetherUS BINANCE:BTCUSDT

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UPDATE: The price dipped into 40 ,000 USDT. Now finding support on 42,000. Break the support of 40K, we will go down to 37,500 USDT.
Then again I wouldn't be surprised if this is the bottom, and BTC moving sideways here for a few weeks, before starting another bull run aiming for a new ATH . Nothing goes down forever.

My "Supertrend Ninja" indicator hasn't given a bullish signal as of yet. Based on the old gains (yellow). And the corrections (purple). The Supertrend Ninja seems to be very reliable. In 2021 it only gave 4 bullish signals, with both being very reliable. Making gains of 50% and 43%. So I'll be waiting patiently for the market to change its trend. You don't need to buy the bottom. You just need to ride a big part of the uptrend. "The Crypto market is a device to transfer money from the impatient to the patient.”

Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.

Thank you for reading.
Namasté πŸ™

What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.

With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.

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.



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