Crypto|ETH/BTC|Long
Long ETH/BTC
Opening a trade only when the blue zone is fixed/broken.
The blue zone was located behind the local trend resistance level.
There is also a local change in the regression trend (Screenshot attached).
Using the local Fibo to determine the price, I identified 2 possible take zones.
The red arrow highlighted the scenario in which the idea is still relevant, but with edits.
Blue arrow - neutral scenario in which the transaction was not opened.
Red zone - stop zone (fixing/breakdown).
Opening a trade only when the blue zone is fixed/broken.
The blue zone was located behind the local trend resistance level.
There is also a local change in the regression trend (Screenshot attached).
Using the local Fibo to determine the price, I identified 2 possible take zones.
The red arrow highlighted the scenario in which the idea is still relevant, but with edits.
Blue arrow - neutral scenario in which the transaction was not opened.
Red zone - stop zone (fixing/breakdown).
Note
Screenshot.Local regression trends.
Order cancelled
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.