We are still in a downtrend on the daily
We are still on a downtrend on the daily.
No aggressive or risky bot would do good in these conditions.
Only the most conservative bots will manage to hold.
Wait for a trend reversal for starting aggressive bots.
This can be confirmed once:
1) we break above the trend line in yellow
2) or we get a Supertrend alert BUY
3) or we have a few daily technical rating blue bars in a row.
We are now sending SuperTrend Heikin Ashi daily timeframe trend reversal notifications to our discord channel "indicator signals".
This indicator provides a "late" but very conservative entry into a bullish or bearish reversal trend. Usually when the reversal is fully confirmed.
Why Heikin Ashi candles? because they help filtering out the short term reversals which can cause a lot of damage as a false positive entry.
No aggressive or risky bot would do good in these conditions.
Only the most conservative bots will manage to hold.
Wait for a trend reversal for starting aggressive bots.
This can be confirmed once:
1) we break above the trend line in yellow
2) or we get a Supertrend alert BUY
3) or we have a few daily technical rating blue bars in a row.
We are now sending SuperTrend Heikin Ashi daily timeframe trend reversal notifications to our discord channel "indicator signals".
This indicator provides a "late" but very conservative entry into a bullish or bearish reversal trend. Usually when the reversal is fully confirmed.
Why Heikin Ashi candles? because they help filtering out the short term reversals which can cause a lot of damage as a false positive entry.
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thetradingparrot.com
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