BTC -2.58% is down on the MFI and RSI . This indicated that it is oversold and a buying opportunity may present itself shortly.
When to get it?? I have circled, in green, where to look for the oppertunity to buy in to BTC -2.58% . When the MFI and/or RSI dip it is a signal to pay attention. Once levels rejoin the blue area (no longer oversold) then that is where I will join. Looking at past evidence of how my trading strategy works. you see the Green and Red arrows that signal BUYs and SELLs, and you can then see how the rejoing levels on RSI/MFI helps grab the best positions. I believe BTC will be a buy oppertunity based on the indicators, where I circled or shortly thereafter.
My exit will be get out once BTC -2.58% is overbought and the line on the RSI and/or MFI goes above the area -> then rejoins normal levels. It may hiccup before goind down more instead of bouncing up sometimes so look at all the indicators to find the correct spot to make a move.
Jumping into a buy or sell before the levels rejoin normal levels will get you guessing to where the top or bottom or top is. If you wait for it to reach it's top/bottom and you grab it the first step it makes the other way, you are sure you grabbed it for the best price according to the TA. (This is excatly how I, and many others, use BB - wait for it to rejoin to make a move after it draws your attention by exiting normal levels.)
Trade for you, not for me. This is my humble opinion. Use your own head when trading your own BTC -2.58% .
<3 your Indicators. Trust the TA, Have a backup plan, when all else fails Hodl.
When to get it?? I have circled, in green, where to look for the oppertunity to buy in to BTC -2.58% . When the MFI and/or RSI dip it is a signal to pay attention. Once levels rejoin the blue area (no longer oversold) then that is where I will join. Looking at past evidence of how my trading strategy works. you see the Green and Red arrows that signal BUYs and SELLs, and you can then see how the rejoing levels on RSI/MFI helps grab the best positions. I believe BTC will be a buy oppertunity based on the indicators, where I circled or shortly thereafter.
My exit will be get out once BTC -2.58% is overbought and the line on the RSI and/or MFI goes above the area -> then rejoins normal levels. It may hiccup before goind down more instead of bouncing up sometimes so look at all the indicators to find the correct spot to make a move.
Jumping into a buy or sell before the levels rejoin normal levels will get you guessing to where the top or bottom or top is. If you wait for it to reach it's top/bottom and you grab it the first step it makes the other way, you are sure you grabbed it for the best price according to the TA. (This is excatly how I, and many others, use BB - wait for it to rejoin to make a move after it draws your attention by exiting normal levels.)
Trade for you, not for me. This is my humble opinion. Use your own head when trading your own BTC -2.58% .
<3 your Indicators. Trust the TA, Have a backup plan, when all else fails Hodl.