BTCUSD-is slowly rising. You might describe the action as "crawling upwards".
In fact-you might say-BTCUSD is advancing at turtle speed.
If you are long, here are the positives:
1. Currently multiple buy Fractals (highlighted in green box).
2. The lower indicators under the chart are CHOP/ Chop Zone; readings below the shaded area (38.2) indicate a strong trend. The solid green indicates up.
3. The top lower indicator is phase energy, and this is positive.
4. The alligator is feeding in the uptrend.
5. RSI / Stochastic (top indicator) is strong, and has corrected the over-bought condition.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line. This is a support level.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 5/34 Momentum indicator (top middle) is strong.
10. The moving average trend line is rising.
If you wish to exit or go short here is what to look for:
1. Sell Fractal;
2. Sinking (red in color) phase energy bars;
3. The CHOP line (under chart) begins to rise away from the dotted line into the shaded area (this would suggest the end of the up-trend); or
4. The CHOP line heads lower out of the shaded area while the CHOP ZONE turns red. This would suggest a change in trend (down) that is strengthening.
5. The RSI/ Stochastic (top indicator) gets to 80, rolls over, and heads lower.
6. The 5/34 indicator (top middle) gets to near its top, rolls over, and heads lower.
Remember these five words: "Move when the market moves".
Good luck to you. Don.
In fact-you might say-BTCUSD is advancing at turtle speed.
If you are long, here are the positives:
1. Currently multiple buy Fractals (highlighted in green box).
2. The lower indicators under the chart are CHOP/ Chop Zone; readings below the shaded area (38.2) indicate a strong trend. The solid green indicates up.
3. The top lower indicator is phase energy, and this is positive.
4. The alligator is feeding in the uptrend.
5. RSI / Stochastic (top indicator) is strong, and has corrected the over-bought condition.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line. This is a support level.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 5/34 Momentum indicator (top middle) is strong.
10. The moving average trend line is rising.
If you wish to exit or go short here is what to look for:
1. Sell Fractal;
2. Sinking (red in color) phase energy bars;
3. The CHOP line (under chart) begins to rise away from the dotted line into the shaded area (this would suggest the end of the up-trend); or
4. The CHOP line heads lower out of the shaded area while the CHOP ZONE turns red. This would suggest a change in trend (down) that is strengthening.
5. The RSI/ Stochastic (top indicator) gets to 80, rolls over, and heads lower.
6. The 5/34 indicator (top middle) gets to near its top, rolls over, and heads lower.
Remember these five words: "Move when the market moves".
Good luck to you. Don.