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The Art Of Crypto breaks down the Power of 3 trading strategy: a strong bullish weekly close sets up a buy signal when price dips below the weekly open to a key level, letting you catch the upside move.
The Art Of Crypto breaks down the Power of 3 trading strategy: a strong bullish weekly close sets up a buy signal when price dips below the weekly open to a key level, letting you catch the upside move.
So for example, in terms of the weekly profile, we know that last week closed extremely bullish, which means that we are going to be bullish for this week as well. When we're bullish for the week, anytime price goes below the weekly open to tap some sort of a key level, we anticipate that to potentially be the low of the week where we can have the opportunity to buy low, and then we can ride an expansion towards the upside because we are overall bullish for the week. This is a concept known as the Power of 3.
