Bitcoin M1 To M5 Buy sell Tradingview
Follow Bitcoin vs US Dollar dynamics. Real-time quotes will help you quickly react to market changes. The historical chart shows how the Bitcoin price changed in the past. By switching between different timeframes, you can monitor price trends and dynamics by minutes, hours, days, weeks, and months. Use this information to forecast market changes and to make informed trading decisions.
General information about each concept:-
- Sell Entry: This is the title of the section, indicating that the following instructions are for entering a short (sell) position in the market.
- You can use this indicator in M1 Timeframe and other: This states that the strategy is intended for the M1 (one-minute) time frame, suggesting it is a scalping or very short-term trading method. It also mentions that it can be used on other time frames.
- When you see Skyblue arrow: This is the first trigger for the sell signal, requiring a visual cue from the specified indicator. An arrow on a chart typically points in the direction of a potential trade entry.
- and down candle: This is the second condition for the sell signal, requiring confirmation from price action. A “down candle” (a red or black candle on most charts) indicates that the price has moved lower during that period.
- then you can place a sell: This is the final instruction, telling the trader to enter a sell trade after both conditions (the sky-blue arrow and the down candle) are met.
- After taking entry you should use 25-30 pips: This provides a specific target for taking profit, recommending that the trade be closed after the price has moved down by 25-30 pips.
- You can place a stoploss above the Skyblue arrow: This is the instruction for where to place a stop-loss order. A stop-loss is an order to automatically close a trade to limit potential losses if the market moves against the trader.
- if you want to place a stoploss: This line suggests that using a stop-loss is optional, which is a significant risk. Professional risk management almost always requires a stop-loss on every trade to protect capital.
- Anyone can use do this indicator: This states that the indicator and strategy are simple enough for any trader to use, regardless of their experience level.
- and indicator use is very easy to do: This reinforces the claim that the strategy is simple and easy to implement.
- Do not close your trade until the market makes a lower low: This provides a contradictory exit strategy. It suggests holding the trade until a new price low is formed, which conflicts with the earlier instruction to take profit at a fixed 25-30 pips.
- After placing the trade, you can set a target of 1:2 and 1:3: This presents another conflicting exit strategy, suggesting a risk-to-reward ratio. This means the potential profit (target) would be two or three times the size of the stop-loss (risk). This contradicts both the 15-20 pip profit target and the “wait for a lower low” instruction.
- If you have an account of 1000$ then use lots of 0.05 in it: This gives a specific recommendation for position sizing (lot size) based on a starting capital of $1,000. Using a 0.05 lot size is considered a relatively small position, which aligns with the principle of risk management.
- this will keep you close to continuous profit: This claims that following the lot size recommendation will lead to consistent profitability.
- I promise you that if you do this with small lots, you will never lose: This is a very strong and absolute claim. In trading, it is a well-established principle that losses are an unavoidable part of the process, and no strategy can guarantee that a trader will “never lose.”
- If someone makes a loss using this indicator then he can take full refund from me under that condition Small Lots 0.05: This is an offer of a full refund if a trader incurs a loss while following the specific condition of using a 0.05 lot size.
- Entry: Look for short-term entry, such as buy or sell, in the direction of the overall trend indicated by an Arrow indicator. This rule advises that trades should be taken in the same direction as the established long-term trend to increase the probability of success.
- Entry Confirmation: Enter trades when the Arrow confirms your signal, ensuring that risk-to-reward ratios are favorable. This emphasizes the need for a secondary confirmation from the indicator and the importance of a positive risk-to-reward ratio, where potential profit outweighs potential loss.
- Exit (Profit): Set tight profit targets (e.g., 15-20 pips) and adhere to them strictly. This rule outlines a disciplined approach to taking profits, recommending small, fixed targets, which is a common characteristic of scalping or short-term trading strategies.
- Exit (Risk Management): Also, use stop-loss orders to manage risk and protect capital. Consider trailing stops to lock in profits as the trade moves in your favor. This highlights the crucial role of risk management through the use of stop-loss orders to limit losses and trailing stops to secure profits on winning trades.
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