XBT / USD Chart 16 of training LOG(view chart 17 for referece)
Would like to demonstrate the differences between timeframes and how important it is to use larger timeframe to confirm your trades before entering them
On the 30m the RSI has a bullish divergence and the support level is holding well and the price action is coming to a critical apex with the trendline intersecting with the current support soon.
HOWEVER on chart 17 i will zoom out and show how placing a LONG based of the 30min is not a smart thing to do without considering the larger timeframe charts
On the 30m the RSI has a bullish divergence and the support level is holding well and the price action is coming to a critical apex with the trendline intersecting with the current support soon.
HOWEVER on chart 17 i will zoom out and show how placing a LONG based of the 30min is not a smart thing to do without considering the larger timeframe charts
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