Bitcoin: Current Horizontal Levels

10 thg 8, 2022

If all other indicators are confusing to read, sometimes going back to basic is the answer. Figuring out a horizontal level can help where the price can go or stay. trading level to can make thing easy. Top a level; look to short and bottom of the level look to long (use indicators like RSI to make sure when on the top of a level, it's also confluent with over sold from small to mid-term time frame and bottom of the level with over sold reading). Instead of blindly entering a buy or sell order/ always look for reaction once the level is reached. Does it get a nice rejection and trades above or under the level. If the price goes through the level and rejects with confirmation, you can then look for new set up (long/short) and trade it to the next level.