UPDATE: BITCOIN UP 464% after bull signal - 140% more to come?

2 ม.ค. 2022

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UPDATE: The price jumped 464+% after the bullish Supertrend Ninja signal. Using fibs, are we in for another 140%? Target at 114000 USDT, if this is the bottom. If we break down here, 42000 USDT is next support. The Supertrend Ninja predicted the drops of March 2020. May 2021 and Nov 2021. RSI is in a accumulation zone though.

2022 hasn't shown a bullish signal yet for the Supertrend Ninja. Only a matter of time. Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block.

In the chart I am using the 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 Heikin Ashi 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.

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.