4 years ago

This Indicator Warned of big and small bitcoin & crypto crashes. Today I am going to show you how to build this indicator & how to use it!
_______________________________________________________________________________________

INSTRUCTIONS:
○ BUY SIGNAL:
- 4 Week ROC crosses up through 0.
- Place Buy Stop Order above that Weekly Candles high
- If price action does not reach entry point by the time the ROC crosses back down through 0, buy Signal is deactivated & we wait for the next buy signal.

○ SELL SIGNAL:
- 4 Week ROC Crosses down through 0
- Place Stop Loss Order Below the Low of that Weekly Candles low.
- If Price action does not reach Stop Loss & the next weekly Candle Prints a higher low, update your Stop loss to the low of the new weekly candle.
- Any buy Signal that occurs during this time is an invalid buy Signal because you are still in the position Updating your stop loss every week.
- Once you are stopped out, you wait for your next buy signal

_______________________________________________________________________________________

ACCESS MY TRADE IDEAS & SUPPORT THE CHANNEL:
○ https://www.patreon.com/figuringoutmoney

STOCK TRADING PLATFORM I USE
○ Webull (GET 2 FREE STOCKS): https://bit.ly/3i5U591

MY FAVORITES - https://amz.run/3JLv
○ Book Recommendations
○ My Studio Setup
○ Morning Coffee

COME SAY HI:
Twitter: https://twitter.com/mikepsilva

DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)

#Bitcoin #Crypto

Loading comments...