btcinvests

BTCUSD 1D: Next Supports or Resistances?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello my friends!

We are currently in the next area of decisions (green). Depending on which direction the price is moving in, the next resistance or support areas (gray) will be formed. Here are my current expectations where these areas are.

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To understand my chart here is a short explanation of my approach. I use self-developed indicators and combine them: 1. Blue Band: The blue band is a kind of Bollinger Band just advanced . The blue bands show the resistance resp. support areas. It is based on ALMA . Here, we trade from edge to edge over the middle line. And within the upper and lower area from edge to edge. 2. Orange Band: The orange band identifies dips and trend. The more the price moves to the outside, the more likely it is to be a dip. 3. Visible Range: In combination with VR , this allows the identification of the critical areas. 4. Oscillator: The oscillator is based on ALMA . It helps to identify divergences. 5. Strategy indicator (Arrows): The strategy indicator is based on interlinked moving averages and identifies the crossing of short-term and long-term moving averages. Here we work with LSMA and EMA . A special filter eliminates false crossings in horizontal trends and reduces so false trades.


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Let's see what happens.
Happy trading. :-)


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Comment: close up of the situation.

Comment: break out of the desicion area. break of longterm resistance lines. if we hold here next r/s will be reached.

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BTCINVESTS.de
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http://www.btcinvests.de
mail@btcinvests.de
https://t.me/btcinvests_de

German Bitcoin Consultant · Trading · Research · Investing

Investing in Bitcoin and Cryptocoins since 2014.
Trading experience for over thirty years.



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Comments

what are your indicators based on?

appreciate my new idea:
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Reply
btcinvests Valeriia_Top
@Valeriia_Top, thx for sharring. you can read the explanation above. okay? :-)
+1 Reply
Valeriia_Top btcinvests
@btcinvests, okay)
Reply
Great idea
Reply
btcinvests JohnWalter2k20
@JohnWalter2k20, thx for your comment. :-)
Reply
Good idea
Reply
btcinvests AlexMarvin
@AlexMarvin, Thx. I appreciate it. :-)
Reply