BTCUSD: Update Current Price Action to Answer a Question
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
BTCUSD: Gold Bar - Explaining Over Extending of Price Bars