Thread by @jackis_trader

As promised here is my new ED content

I don't really use indicators these days but here is a STRATEGY I used years back

It is very simple and easy to follow especially for novice traders

- Trend following ✅
- Simple but clear rules ✅
- High probability ✅

#BTC #Bitcoin

This is an actual trade I took on #Siacoin back in 2018 on a Daily TF. It is easy to find and offers great gains.

Divergence with RSI ✅
Price above EMA 50 ✅
Higher Time Frames ✅
Entry as close to previous low as possible ✅

And here is how you can actually frame into the trade.

1) Use Fibonacci from a low to a high and enter somewhere between 0.62 and 0.79 retracement level.

2) Put SL just below the last low

3) First target above the latest high

4) Ride the rest!

5) Enjoy profits 😉