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RE: Steemit Crypto Academy | Course 5 By @stream4u | All About SuperTrend Indicator.

in SteemitCryptoAcademy • 4 years ago (edited)

Thanks @stream4u. Your teachings have been impacting. I have learnt so much.

But my question here is that is it immediately the superTrend indicator indicates sell that a person who have bought will sell or the person will wait for it to go up using the different time frame to check the future movement of the coin?

4 years ago in SteemitCryptoAcademy by
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     4 years ago (edited)

    Hi @tmighty

    Thank you for raising the concern. As I mentioned in a post, "If you have taken buy trade, sometimes SuperTrend break and indicate Sell signal, do not consider that".

    Let me try to clear more on this, if a person using SuperTrend Indication then don't make a buy or sell decision immediately when Supertrend Indicate Buy Or sell. I have indicated in a circle where you can buy like when price come down near to the support line and this will happen after it is already indicated a Buy signal, so will wait for buy till the price come down to the support line and not immediately when Supertrend Indicate Buy.

    Now your concern when Sell or it is good to wait to see if it goes more up, so it completely depends on that person, if he is in very good profit then he can sell and no need to take a risk. If not then where he can take a chance for more hold, see below.

    image.png

    Look at the first circle and if a person has already brought more down from this level, so after sell indication he can wait because when it tries to go up so it is also possible that it will break again and shows buy, but as per the above image when it is clear that the price is not able to break even after trying by 2,3 candles and then look coming down, at this level he can take the decision to sell.

    I have also mentioned that the STOPLOSS set based on Support and not a Sell indication from SuperTrend. If you have checked the STOPLOSS section in Course 3 so in the end, I have shown how to set a stop-loss.

    Similarly when you have brought at down level with the help of SuperTrend, keep checking how many supports are created after you brought it and according to that you can hold your position, when 1 or 2 support break and as per above image it is not going up, coming down from SuperTrend resistance, then best to exit instead of holding more otherwise all profit will turn to either no loss no profit OR loss.

    I hope I have not confused you :) and clear your concern. Still, if you have any doubts or need more clarity please don't be hesitate and feel free to ask.

    Thank You.
    @stream4u
    Crypto Professors : Steemit Crypto Academy

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       4 years ago 

      @stream4u, I really enjoyed this part of your lecture. Infact it was detailed and straight to the point. However please, go thru my post and answer this pertinent question from me. If you observe, my supertrend is a bit different from yours, still let me know if where i intend to buy and sell are correct? Also tell me other things that would be beneficial to me considering my charts.
      https://steemit.com/hive-108451/@benton3/crypto-academy-week-5-homework-post-for-sream4u-by-benton3-set-at-100-powerup

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