Sometimes, if you don’t see at what levels the opportunities are for $BTC or any other asset, just inverse the chart on TradingView and it will automatically look much clearer.


If you see this chart, where would you look for longs?
Exactly, most of the time you look for support levels or the start of the impulsive move up.
Right now at $81,000 there is no historical support, so I wouldn’t long here (on the inverse chart, that means shorts).
I would look for support (start of the impulsive move) at $84,000 and $89,000.
So that is exactly where I’m placing my TP’s, and also why you don’t short right now.
Of course, on the lower time frames there are opportunities, but I’m not a huge fan of those setups.
I prefer higher time frame levels (higher win rate).
DON0.81%
AT0.75%
BTC-2.76%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned