Hi Everyone! Simply answering a question for someone regarding, "Waiting still a good idea? OR Should I be LONG based on this Daily making contact with the Red RSI and LSMA. Yes, I know it has not closed yet." I provided my two cents toward the end of this video publication. Looks like potential is still there for expansion UP in the 30-min. 60-min. 90-min. 2-hour, 3-hour and 4-hour time frames. However, it's possible to turn quickly... Which is why we should periodically have a look at our 4-min. 8-min. and 16-min. in the Immediate group of time frames before considering a long position if we had not already opened a long position from the "marker" we saw earlier in the 90-min. 2-hour, 3-hour and 4-hour time frames.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
Note
UPDATE:BTCUSD: Gold Bar - Explaining Over Extending of Price Bars
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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.