BTC Macro Perspective
What's the deal with your chart?
Levels are marked based on volume profiling, in other words, areas of value defined by market participants past and present.
So what do I do with this?
You can infer probabilities based on reclaiming levels, or losing them. If a resistance does its job, and acts as resistance, look to a level below. If a support does its job and acts as support, look to a level above.
This seems too simple, it probably doesn't work...
I think most people make trading too complicated, and that usually doesn't work either. This chart is meant to give locations of interest. Planning, executing, and managing a trade is something that is every individual traders responsibility.
Okay, so what's your personal opinion on bitcoin?
I am bullish on bitcoin long term, but in the medium to short term I am not convinced. This can change when I see bitcoin reclaim our current overhead resistance, and then demonstrate with follow through to test all time highs.
Curious to know your thoughts and opinions on bitcoin. Thank you for your time!
Levels are marked based on volume profiling, in other words, areas of value defined by market participants past and present.
So what do I do with this?
You can infer probabilities based on reclaiming levels, or losing them. If a resistance does its job, and acts as resistance, look to a level below. If a support does its job and acts as support, look to a level above.
This seems too simple, it probably doesn't work...
I think most people make trading too complicated, and that usually doesn't work either. This chart is meant to give locations of interest. Planning, executing, and managing a trade is something that is every individual traders responsibility.
Okay, so what's your personal opinion on bitcoin?
I am bullish on bitcoin long term, but in the medium to short term I am not convinced. This can change when I see bitcoin reclaim our current overhead resistance, and then demonstrate with follow through to test all time highs.
Curious to know your thoughts and opinions on bitcoin. Thank you for your time!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.