EMA 101 - High Probability Entries During Uncertainty
Current Possible Long Entry Pending on Bitcoin
High Probability Long Entry Checklist
1. Get Ready - Resistance Failure
2. Get Set - 50EMA crosses over 200EMA
3. GO! - Bids on 'Support Test' of 200EMA
Stops = candle close above/below 200EMA
Close/Targets = trade by trade basis - usually consists of candle/chart patterns such as double tops/bottoms or Head & Shoulders or Inverted Head & Shoulders. Also consider fibs and horizontal support/resistance levels.
High Probability Long Entry Checklist
1. Get Ready - Resistance Failure
2. Get Set - 50EMA crosses over 200EMA
3. GO! - Bids on 'Support Test' of 200EMA
Stops = candle close above/below 200EMA
Close/Targets = trade by trade basis - usually consists of candle/chart patterns such as double tops/bottoms or Head & Shoulders or Inverted Head & Shoulders. Also consider fibs and horizontal support/resistance levels.
Here's a better chart