One quick trade with almost 3x profit

One quick trade with almost 3x profit 300 169 Minimalist Trading – Best Trading Indicators for TradingView

One quick trade with almost 3x profit

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Introduction

Today we’re looking at another trading setup using our technical indicators, which are considered to be among the best indicators for TradingView. In particular, we’re using the Bottoms Tops Signal in combination with the Levels and Zones, and the RSI Exhaustion.

The technical setup is very strong because the RSI Exhaustion is going down significantly while the price keeps moving pretty much at the same level and, this alone, indicates a great weakness. Moreover, we have the RSI 14 which is exhausted and then we also got a top which triggers our crypto trade. Additionally, we even have a major resistance just above the current price level and so we exploit it in order to set the stop loss.

Trade setup – 19 Apr 2020

One quick trade with almost 3x profit Setup 1

The setup is very similar to many other setups that we usually trade. In particular:

    1. There’s a divergence between the price, which is pretty much flat, and the RSI Exhaustion, which is going down significantly
    2. The RSI Exhaustion is bullish exhausted
    3. We have a confirmed top

We then set the stop loss and the target levels by exploiting the Levels and Zones indicator.

Trade closed – 19 Apr 2020

One quick trade with almost 3x profit Setup 2

The price went straight down and reached the target.

Well, it was a quick trade with almost 3x profit because we barely had the time to enter into the trade that it was already closed. If you want to become a full time crypto trade and you want to learn how to make money trading crypto, even before doing so you should understand that the market can do whatever it wants, whenever it wants. In this case, it offered us one quick trade with almost 3x profit, other times it takes forever but when you do crypto technical analysis and you combine the best bitcoin indicators with a solid crypto strategy, then you’ll most certainly be consistently profitable over the long-term.