I use EMA 50 and EMA 55 to identify the trend on higher timeframes. When price stays above both EMA 50 and EMA 55, the market is generally bullish. When price stays below both, the trend is bearish. This simple method helps avoid overthinking and keeps you trading with the trend, not against it.
Follow me for more simple and practical trading education. $BTC
Altcoins have broken market structure, so this is NOT a safe long opportunity right now. Opening longs at this stage is like trying to catch a falling knife ๐ช
โ Better option: wait until the market forms a clear bullish structure again. ๐ If a clean setup appears, look for short opportunities. โณ If no setup, then waiting is the key.
Protect your capital โ donโt lose even 1 USDT unnecessarily.
โ ๏ธ Not financial advice. Trade at your own risk.
๐ Beginner Trading Lesson: Donโt Enter Without Confirmation One of the biggest mistakes new traders make is buying or selling too early. When BTC dumps into a strong support level (Pivot / S1 / S2), donโt rush to enter immediately. โ What you should do instead: 1๏ธโฃ Mark the pivot support zone 2๏ธโฃ Go to lower timeframe (5m / 15m) 3๏ธโฃ Wait for confirmation like: โข CHOCH / BOS โข strong rejection wick โข bullish engulfing candle โข volume spike 4๏ธโฃ Enter only after confirmation 5๏ธโฃ Stop loss below the support wick low ๐ฏ Best take profit zones: โข Daily Pivot level โข R1 resistance This simple habit can improve your win rate a lot. Trade smart, not fast. ๐ฏ๐$BTC ๐ Follow me for more educational trading content and BTC updates. ๐
After a strong bearish trend, BTC is showing a higher low (HL) on the 2H timeframe. This suggests selling pressure may be slowing down. Not a confirmed reversal yet โ waiting to see if structure builds further. Always manage risk and let price confirm. $BTC
If you want it shorter:
BTC formed a higher low (HL) on the 2H timeframe after a strong bearish move. This may indicate weakening downside momentum, but confirmation is still needed. Watching structure closely. $BTC
๐ 4H BTC Pullback Analysis Price is currently pulling back after a recent move. Key areas to watch for potential support or reaction are marked in the chart.
๐ Key Levels to Respect:
1. ~$68,100 2. ~$67,100 3. ~$65,600
Always confirm on lower timeframes (like 1H or 15m) before making any decisions. This is not financial advice โ trade responsibly and manage your own risk.
๐ 4H BTC Pullback Analysis Price is currently pulling back after a recent move. Key areas to watch for potential support or reaction are marked in the chart.
๐ Key Levels to Respect:
1. ~$68,100 2. ~$67,100 3. ~$65,600
Always confirm on lower timeframes (like 1H or 15m) before making any decisions. This is not financial advice โ trade responsibly and manage your own risk.
๐ BTC at Key Juncture: Oversold Bounce or Breakdown?#
๐ Current Snapshot:
ยท Price: $84,084 | 24h: +1.19% ยท Key Levels: Support $81,832 | Resistance $84,599 ยท Trend: Consolidating with Bearish Bias
โก Quick Technical Take:
ยท Daily Chart: Severely oversold (RSI6=22.84). Price below ALL major MAs shows weakness, but extreme oversold levels often precede sharp bounces. ยท 4H Chart: Shows short-term bullish divergence (KDJ) vs. bearish structure. Funding rate neutral-low suggests no extreme leverage. ยท Volume tells the story: High volume on dips, low volume on rises = distribution. But latest candle shows exhaustion.
๐ง Contradictory Signals (Where the Opportunity Lies):