Publishing herewith my idea about Bitcoin using day time frame
bold line is a yearly resistance tested twice, but be cautious follow the price line
bold line is a yearly resistance tested twice, but be cautious follow the price line
Comment:
double top?
Comment:
If u r looking for direction, target or stoploss, sorry.
I am a pattern trader , a day trader, even hv my opinion about a particular direction but always tries to keep myself unbiased, take my cue from opening price ,follow my price lines , if price opened above the line, consider it as a support and above one as resistance and vice versa
Also gives importance to Inside candles, dozi, moving averages, Bollinger and RSI in higher time frames mostly 4 hr and above,
“---" lines shows inside candle range.
uses - 2 shades of green for day ranges.
2 shades of yellow for 4 hr ranges, in index 2, 4hr candles ok, but for 24X, it is not possible to give 4 hr range every time
2 shades for blue for weekly line
Light yellow shows my extreme range.
Other colours for higher time frame
In case price crosses these range go with it but cautiously, at the end of day price mostly honours the range, price mostly follows the range either green to green or yellow to yellow,
I am a pattern trader , a day trader, even hv my opinion about a particular direction but always tries to keep myself unbiased, take my cue from opening price ,follow my price lines , if price opened above the line, consider it as a support and above one as resistance and vice versa
Also gives importance to Inside candles, dozi, moving averages, Bollinger and RSI in higher time frames mostly 4 hr and above,
“---" lines shows inside candle range.
uses - 2 shades of green for day ranges.
2 shades of yellow for 4 hr ranges, in index 2, 4hr candles ok, but for 24X, it is not possible to give 4 hr range every time
2 shades for blue for weekly line
Light yellow shows my extreme range.
Other colours for higher time frame
In case price crosses these range go with it but cautiously, at the end of day price mostly honours the range, price mostly follows the range either green to green or yellow to yellow,