The Only Bitcoin Chart You Need
This Bitcoin chart is fairly simple but aims to find the signal in the noise, ultimately giving you strong conviction on holding BTC or shorting BTC by holding stablecoins based on the wind changing direction on the weekly chart.
I do not recommend leverage trading but I do recommend waiting for confirmed break outs before trading one way or the other. These moments can be clearly seen when the weekly candle transitions from Green to Red (hodl USDT) or Red to Green (hodl BTC). Similarly the blocks of trading volume will transition from red to green or vice versa as we enter a buying phase with a rising price, or a selling off phase with a falling price.
The MACD waves confirm the dip when they turn red to pink
The RSI indicates over sold under 40
The ADX indicates a change in direction around 20
This chart will allow you to place far fewer trades and retain more fiat value (lose less during bearish downtrends) by selling your BTC earlier so you're not left holding the bag.
Good luck swing traders!
I do not recommend leverage trading but I do recommend waiting for confirmed break outs before trading one way or the other. These moments can be clearly seen when the weekly candle transitions from Green to Red (hodl USDT) or Red to Green (hodl BTC). Similarly the blocks of trading volume will transition from red to green or vice versa as we enter a buying phase with a rising price, or a selling off phase with a falling price.
The MACD waves confirm the dip when they turn red to pink
The RSI indicates over sold under 40
The ADX indicates a change in direction around 20
This chart will allow you to place far fewer trades and retain more fiat value (lose less during bearish downtrends) by selling your BTC earlier so you're not left holding the bag.
Good luck swing traders!
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