Add reactivity to your trending script when crypto is uncertain
Hello fellow traders,
It is no surprise that the cryptocurrency market, leaded by
BTCUSD
, is showing accrued uncertainty recently, with a major $10K resistance holding strong, and the bulls eager to buy any dip that follow a failed test of the resistance.
Based on that and previous experience, I tried to re-enforce my latest script presented last month with:
- Even more reactivity in the default multi-MA values
- Trailing take profit % (configurable)
- Fixed stop loss in % (configurable)
Idea for a next step:
- Use the new Trading View Auto-Fib tracing to figure out levels
- Take partial profits on such levels, or at least implement an intermediary trailing take profit
It is no surprise that the cryptocurrency market, leaded by
BTCUSD
, is showing accrued uncertainty recently, with a major $10K resistance holding strong, and the bulls eager to buy any dip that follow a failed test of the resistance. Based on that and previous experience, I tried to re-enforce my latest script presented last month with:
- Even more reactivity in the default multi-MA values
- Trailing take profit % (configurable)
- Fixed stop loss in % (configurable)
Idea for a next step:
- Use the new Trading View Auto-Fib tracing to figure out levels
- Take partial profits on such levels, or at least implement an intermediary trailing take profit
