This idea shows how easy it was to identify a massive opportunity on BTCUSD with the Levels and Zones indicator.
Basically, after days of sideways movement, the pressure started to build up and ultimately a massive explosion took place!
First, the Resistance Level moved significantly down (hence pushing price lower), then the Support Level made its move up (hence pushing price higher). Give it a few more time for the pressure to increase further (price is forced to move into a tight channel) and then the explosion takes place.
You can find a similar setup before most of the major impulsive movements across any asset and timeframe. First, pressure builds up then, the explosion takes place!
Basically, after days of sideways movement, the pressure started to build up and ultimately a massive explosion took place!
First, the Resistance Level moved significantly down (hence pushing price lower), then the Support Level made its move up (hence pushing price higher). Give it a few more time for the pressure to increase further (price is forced to move into a tight channel) and then the explosion takes place.
You can find a similar setup before most of the major impulsive movements across any asset and timeframe. First, pressure builds up then, the explosion takes place!
📍 ⠀More on the indicators 👨🏻💻 📈
🌎⠀ https://minimalisttrading.com
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🌎⠀ https://minimalisttrading.com
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cesarjardim
Is there by any chance a trial for some of these indicators for a couple of days? I've come across them several times and would like to try them out before committing to a $100/month bill..
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a.b
cesarjardim
Trials are not available at this time, however I can prepare real-time screenshots
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alexbest
Thanks! Sounds interesting. How to get this indicator?
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a.b
alexbest
@alexbest, Thank you. It is available as add-on
+2
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LanaFL
Bollinger do the same
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Acel
LanaFL
@LanaFL, not really. But they have something in common, the squeeze that indicates upcoming volatility increase.
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a.b
LanaFL
@LanaFL, not exactly... BB squeeze and expand frequently and even for minor price movements and with low volatility. This is a totally different and more unfrequent indication but when it happens, it always leads to major impulsive movements.
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phil.steuerwald
a.b
@a.b, First of all, thank you for showing us all this indicator. Looks interesting. I'd like to give it a try. I was wondering if you could overlay the BB onto the chart with the L&Z indicator so that we could all see the comparisons. I know they are not exactly alike but I would be interested to see a side-by-side comparison.
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a.b
phil.steuerwald
@phil.steuerwald, definitely! BB follows price rather than anticipating it and keeps expanding and squeezing by consequence.
+1
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phil.steuerwald
a.b
@a.b, Thanks so much. Very interesting.
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