Stravios

BTCUSD "Updated" Price Action-Algo Chart

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello Everyone,

This is an updated version of the already published idea, along with fresh levels to watch out for, and some commentary to guide you to understand how this system actually works.
There are new levels called:

Double
Decisive Area
Some of the important levels were updated to have thicker lines to highlight the importance of the said zone. Right now, the price is under the Y level along with different SRES levels as well. In order to speak about the continuation of an uptrend, the price should claim 46K area and be able to protect this area for a couple of days. You can also backtest the previous version of this chart to see how the levels reacted, once the price reached those levels.

Hope these levels help you out!
Have a great day :)





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