Trending Up? Down? Or Flat....?
Today is the 30th of September 2021, last day of quarter 3 of 2021 so what your plan for quarter 4? Trend is Your Best Friend/Best Friend Forever when come to trading however this statement might have different definition for different trader.
Today I'm going to share clean chart without any trend line, pattern, drawing and etc, just a chart with a Trend Indicator. Every indicator have it pros and cons, same goes to this Trend Indicator. Am still learning new things and how to use the indicators😜.
Three questions to look for.
- Trending Up?
- Trending Down?
- No Trend/Flat?
BTCUSDT Daily Chart
On daily BTC chart is still trending down.
BTCUSDT 12 Hour Chart
It look like no trend/flat on the 12 hour chart.
BTCUSDT 2 Hour Chart
Look like on the BTCUSDT 2 hour chart is going to be trending up, just look at that green candle shooting past the yellow line and hopefully the next candle will be staying above it to get another confirmation that it is trending up.
Short break to drink the cold milk before continue to another coins.
ETHUSDT 1 hour chart is trending up.
It's about to be trending up however need to wait for more confirmation.
Leave the yellow line and it is trending up.
The line is sloping down therefore on ETHUSDT Daily, apparently the trend is still trending down.
Wooohooooo AAVEUSDT 1 hour chart is trending UP!
On the 8 hour chart, the yellow line is sloping down however the candle is above the yellow line. In this case, I will wait until the yellow line is sloping up to confirm it is trending up.
I will be sharing more chart on different coins later on today with the same indicator to determine the current trea
Have a good day, have a good Thursday and Cheers!
On a fine afternoon talking to ladyyunajay about trading view functions.. A simple idea pop up!!
Me: Why not we start paper trading at trading view (100K capital, fake money) record it down in a google sheet and share to the world? We can do this as trading exercise and have fun at the same time!
https://docs.google.com/spreadsheets/d/1aogT9AGMsisUbN1ZrfAV0DWeKGy8WWy9uSZ5y3_DT9o/edit#gid=0
Trading is risky and using Leverage to trade is an even higher risk than Spot trade therefore I will suggest you to try out paper trading first before going into Live Trade.
This is just MY PERSONAL OPINION/BIAS/VIEW on the BTCUSDT, ETHUSDT & AAVEUSDT, 100% NOT FINANCIAL ADVICE & Please Do Your Own Research/Due Diligence. During this pandemic I had started picking up Technical Analysis, doing some small trades and doing my best trying to make ends meet.
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