ADAUSDT: Bull & Bear Probabilities for Immediate/Short Terms.
Hi Everyone! Quick video before going to sleep to show both bull and bear probabilities for the immediate/short terms.
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UPDATE:
If that expansion does not occur, does this mean you must remain in the trade? No, you can simply close the trade and wait once again for the POTENTIAL for expansion and determine WHICH WAY the price action will go (up or down) during that expansion based on whether the red RSI is going above or below Level 50 and a few other things. EVERYONE will open and then close a trade quite often if scalping with these indicators -OR- if you are simply trying to open your position at the best possible price.
If that expansion does not occur, does this mean you must remain in the trade? No, you can simply close the trade and wait once again for the POTENTIAL for expansion and determine WHICH WAY the price action will go (up or down) during that expansion based on whether the red RSI is going above or below Level 50 and a few other things. EVERYONE will open and then close a trade quite often if scalping with these indicators -OR- if you are simply trying to open your position at the best possible price.
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UPDATE:
Simply an update on our trek up to our Yellow Upper Diagonal Trend Line inside our pitchfork.
Simply an update on our trek up to our Yellow Upper Diagonal Trend Line inside our pitchfork.
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UPDATE:
ADABTC chart on current progress to Green shaded area...
ADABTC chart on current progress to Green shaded area...
When margin trading, your main goal (with these indicators) is to try your best to open a trade just before the beginning of "volatility." We Identify this "volatility" with expansion of the B-Bands for whatever GROUP of time frames you have the TIME to trade.
HOW do we look for the high "probability" of expansion of the B-Bands? WHEN the Red RSI and Blue LSMA are crossing above or below Level 50. There are a few more details I'll get into on another platform.
BOTTOM LINE: "Allow" the Red RSI and Blue LSMA crossing above or below Level 50 be ONE of several important rules to follow when deciding to open a margin long or short with the indicators.