Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps.
Trend is always invalid then there is a lack of , so by tracking the momentum of price direction & , we can have a ballpark about where the market is moving to.
obvshort = ema3
obvmedium = ema9
obvlong = ema26
This is a lagging indicator, which means it's not good at predicting reversal.
This is also the reason why
long signal = obvshort > obvmedium and obvshort > obvlong
shortsignal = obvshort < obvmedium and obvshort < obvlong
both without obvmedium >< obvlong
This indicator will not lie to you.
Save Hong Kong, the revolution of our time.