We are above the simple moving average (blue line) around 47300, next exponential moving average resistance 200 (white line), volumes slightly increasing but not too much to give a bullish push. When the trend line with increasing volumes is overcome, I expect a nice rise. Important support 44500.
As usual I am attaching levels for intraday trading on BTCUSD.
How to interpret the levels?
I use them like this, I use a time frame of 30 minutes and with a close of the candle above the BUY ABOVE price I go long with the relative targets. And the indicated stop loss. I consider the first three targets the most important ones.
A short opening occurs with a price below SELL BELOW with the relative targets and the stop loss.
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
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Graphic: tradingview.com
