Bitcoin: marking your charts accordingly is very important!
One thing many analyst and youtubers don't mention is marking the charts. These daily, weekly, monthly and naked Point of controls are important because that an "area" or level, where you can look for a reaction. The level should not be used to set limit orders blindly, rather for you to see what the price action reacts to, rejects or find support. Example, if the daily level is above you, once it reaches, does it reject or shots through it and retraces back and finds support. Whatever reaction, you should plan ahead and execute (both scenarios should have been planned out). Always update your chart as needed.
Tip: start looking at your chart from monthly and work your way down to get better perspective and not get lost in the noise
Tip: start looking at your chart from monthly and work your way down to get better perspective and not get lost in the noise
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