Bitcoin fluctuations have risen After falling from the price ceiling, and I realized that everything is to the detriment of retail investors and to liquidate greedy traders.
I used two indicators in these fluctuations (I also do not agree much with the indicators as I mentioned with my followers multiple times, due to their delay calls, but I saw good points here).
One thing I have seen many times in RSI is that its long-term trend line can be trusted more. In only one case (marked with a blue line) did the price rise more than 11 percent after breaking 21 MA and crossing RSI trend line . I don't see a rise in the price until this happens again, and it seems that the bears are more powerful. Unless the red zone is broken by a great power and a higher high is formed. Buying with more confidence can be after leaving the rectangle with a floor of 46,000 and a ceiling of 52,000 (I still see 53,000 as a strong resistance).
I used two indicators in these fluctuations (I also do not agree much with the indicators as I mentioned with my followers multiple times, due to their delay calls, but I saw good points here).
One thing I have seen many times in RSI is that its long-term trend line can be trusted more. In only one case (marked with a blue line) did the price rise more than 11 percent after breaking 21 MA and crossing RSI trend line . I don't see a rise in the price until this happens again, and it seems that the bears are more powerful. Unless the red zone is broken by a great power and a higher high is formed. Buying with more confidence can be after leaving the rectangle with a floor of 46,000 and a ceiling of 52,000 (I still see 53,000 as a strong resistance).
