Price indicators provide technical signals that confirm the analysis, and according to the saying (indicators confirm each other).

Functions of indicators:

1_Defining the direction of the chart.

2_Defining the point where the direction changes from downward to upward and vice versa.

3_Defining the level of buying and selling saturation of the currency.

4_Defining the momentum occurring in a specific currency.

5_Defining entry and exit points from trades.

6_Defining the peaks and troughs of the currency.

There are 2 types of indicators:

1_Indicators that define the direction.

2_Momentum measurement indicators.

We will start by explaining the first indicator that combines the two types:

1_RSI Indicator:

RSI indicator is used for determination.

1_Defining momentum.

2_Defining the direction: do the following.

3_Entry and exit points from trades.

4_Defining the beginning and end of the correction.

Most popular settings:

1_Settings (10_90) are considered rare.

2_Settings (20_80) are considered the best.

3_Settings (30_70) are considered the most popular.

Activate the fast direction line.

Method of operation:

1_Measuring momentum:

If the indicator reaches 20, it indicates buying saturation.

If the indicator reaches 80, it indicates selling saturation.

Note:

Track the frame from smallest to largest (5 minutes _ 1 day).

If you see that:

1_The indicator reached 80% on the 1-day frame (indicating selling saturation).

1_The indicator reached 20% on the 1-day frame (indicating selling saturation).

2_Defining the direction:

1_Upward condition:

1_If the direction is downward on the 1-day frame and reaches 20, this indicates an imminent reversal of direction from downward to upward.

2_Go to the 5-minute frame.

1_And wait for the signal to reach 20% and the indicator line to intersect with the fast line (blue).

2_The indicator line rises to 80% and returns to the 80% area again to confirm the upward direction.

2_Downward condition: apply the opposite.

3_Defining entry and exit points.

1_Entry points (entry conditions).

1_Downward direction and reaching the 20% or 30% area on the 5-minute frame.

2_Entering the trade after exiting 20% and the indicator rises, intersecting with the fast line and continuing to rise.

3_Start monitoring (selling saturation) on all frames until it reaches (selling saturation) at 80% on the 1-day frame.

2_Exit points:

When the price reaches the saturation stage at 80% on the 1-day frame, there are probabilities.

1_Continues to rise upward.

2_Correcting and then rising again.

3_The decline.

Summary:

1_Change of direction from downward to upward: (Entry signal)

If the direction is downward from 80% on the (1-day) frame and reaches 20%, go to the 5-minute frame.

And look for:

1_Entry signal after the indicator rises above 20% and intersects with the fast line (blue) and continues to rise.

2_The indicator reaches 80% for the first time, returning to 80% again confirms the change of the chart's direction.

3_In this case, your targets according to your analysis are your exit point from the trade.

1_Change of direction from upward to downward: (Exit signal)

If the direction is upward from 20% on the (1-day) frame and reaches 80%, go to the 5-minute frame.

There are several possibilities.

1_Beginning of correction and continuation of the rise.

If the indicator drops from 80% to 20% only once and fails to reach 20% again (correction).

2_Beginning of the decline.

If the indicator drops from 80% to 20% and manages to reach 20% again (decline).

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