_Currently on the h1 chart, we can see that BTCUSD is still moving sideways within the resistance range of 28064-28184 with support at 27171.
_If you look at the M15 frame, the price is trading above an important key volume area - green. The problem is that we have not seen a large volume reaction in this area. Maybe for me, the volume in this area is not very satisfactory, because So if the trading method is right, we should wait.
_ In case the price breaks through this green key volume area, I will consider switching to a sell order. Of course, I also have to wait and see how volume reacts to this green key volume area.
_Because I used Google Translate, I don't know if you guys understand or not, but thank you for taking the time to read. Good luck.
_If you look at the M15 frame, the price is trading above an important key volume area - green. The problem is that we have not seen a large volume reaction in this area. Maybe for me, the volume in this area is not very satisfactory, because So if the trading method is right, we should wait.
_ In case the price breaks through this green key volume area, I will consider switching to a sell order. Of course, I also have to wait and see how volume reacts to this green key volume area.
_Because I used Google Translate, I don't know if you guys understand or not, but thank you for taking the time to read. Good luck.
Note
wow the price has broken through this blue keyvolume area and also left a very good volume reaction, but unfortunately I missed the opportunity to enter the order, okay I will come back tomorrow morning to see how it goes.Note
_wow btcusd has gone down to keyvolume 27171 and the price has hit the take profit which I analyzed in the previous video and can see the volume reaction is very large, you can see on the 15 minute chart, _but the problem here is the candle spread is too much If you enter a large order, the stop loss will be quite far away.Next, on the 15-minute chart, a bearish price structure is forming, so what we need to do is wait and see if this keyvolume area can hold the price or not. If the price is trading below this keyvolume area, it is time to enter a sell order. will be the right trading strategy and this will help us follow the downtrend on the 15 minute timeframe
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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.