How to Find Better Trading Opportunities using the VuManChu Cipher B + Divergences
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyser. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
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Basically, the VuManChu Cipher B indicator is a complete indicator that we can use as a stand-alone indicator to analyse all the Crypto charts very easily without using any other combined indicator.
With the help of this single indicator, we have the ability to get additional features of more than 5 indicators including RSI, Money Flow, Moving Average and Volume indicators. Therefore, here we don't need to add any other indicators to our Crypto charts as this single indicator represents all of them. So, we identify this VuManChu Cipher B + Divergences indicator as an all in one indicator.
This VuManChu Cipher B indicator is a very famous indicator for identifying clear Divergences in a chart including hidden bullish and hidden bearish Divergences. It shows a green or red line in the indicator panel very attractively. So, when the bullish Divergence is formed in the chart, it shows a green line and when the bearish Divergence shows in the chart, it shows a red line.
Additionally, this VuManChu Cipher B indicator shows suitable buy or sell locations through green or red dots in the indicator panel. So, same as previously, when the Price chart is suitable to place buy orders, it shows a green dot and, when the price chart is suitable to place sell orders, it shows red dots.
At the same time, here we have the ability to find the exact amount of money flowing into the relevant price assets through the Green and Red clouds. When the cloud shows as a green colour beautiful cloud, we can identify it as a zone that consists of a higher money flow and when the cloud shows as a red colour beautiful cloud, we can identify it as a zone that consists of a low money flow.
Considering all the above-mentioned facts, we can easily trade any cryptocurrencies according to our choice with the help of this VuManChu Cipher B + Divergences multipurpose indicator.
This VuManChu Cipher B indicator is a multipurpose indicator and we can easily trade any cryptocurrencies with relatively low knowledge about technical analysis. However, it is not good to trade Cryptocurrencies without much knowledge about trading. But, we can easily analyse all the crypto charts in an easy graphical way because this indicator looks very attractive by its appearance. At the same time, here we can find all the hidden bullish and bearish divergence very easily with a green or red line in a graphical manner. When we use this indicator, we don't need to combine it with any other supportive indicators such as MAs and RSI indicators because all the important indicators are already integrated with this VuManChu Cipher B in a very clear and confident manner.
First of all, I will add this VuManChu Cipher B + Divergences indicator to my Crypto Chart using the TradingView platform. Then we can go to "Indicators" thought to tool panels and search "VuManChu" in the giver search bar. Below I have included a screenshot to demonstrate adding the VuManChu Cipher B + Divergences indicator to our chart.
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Here I have taken an example of a best buying opportunity that I got from the VuManChu Cipher B + Divergences. When the green Dot appeared in the indicator panel, we can get it as a basic buying opportunity. At the same time, we will see the money flow has been changed to green colour.
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Below is an example of the best selling opportunity that I got from the VuManChu Cipher B + Divergences. When the Red Dot appeared in the indicator panel, we can get it as a basic selling opportunity. At the same time, we will see the money flow has been changed to red colour.
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In this way, we can use this VuManChu Cipher B + Divergences indicator for getting better and easy trading opportunities. However, this is only one trading method and there are a few other trading methods that we can use with this VuManChu Cipher B indicator such as divergence trading and MAs trading. I will discuss them too in another article soon.
At the same time, as I said in my previous article, we should remember that all the indicators are not efficient completely as nothing we can find 100% efficient in the world. So, we should depend only on this indicator to confirm our trading opportunities.
I have studied the below-sourced articles to further study these topics and I have explained all the above facts in my own words and experience.
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Thank you very much @reminiscence01 for your fullest cooperation. It means a lot for me.
I've just added to what I already know. It really nice learning something new form this write-up. Thanks for sharing
Thank you very much for your response. Yeah, try to add it into your trading window. It may show better results.
I will definitely put this lecture into practice.
You shared a post with us on a very important topic. Thank you very much for discussing this indicator with us
You are most welcome brother. You can try it. But it will be better to check it with Demo trading.
After reading your post, I came to know a lot of new things.thank you
Thank you very much for your valuable comment on my article. Its a pleasure to hear your idea about my article.
Wellcome bro