Main markers for trading $BTC
Recently, I have been trading more and more specifically with Bitcoin. I will share the indicators I use to form my opinion about the price.
1. Basic technical analysis - correct support/resistance lines should be drawn, both major and temporary. If possible, I determine whether there is a trend and draw a trend channel. This allows me to estimate the price boundaries for the near future.
2. I check for patterns, pin bars, triangles - these are my favorites.
3. I check the fear and greed index - how sentiments change. BTC supply in profit - I monitor the percentage of Bitcoin in profit.
4. I check important dates (report releases, tariffs, Fed, etc.). I can view news by headlines.
5. I look at RSI, its value, the presence of divergence, crossing the median line.
6. I check moving averages - this is not my main indicator, but I use it as an additional marker.
I don't just check all this data; I also record it in a table, coloring each marker - green/red/white. Gradually, I am getting better at understanding the chart.
What do you think, am I doing it right? Would you add any "signs" or maybe something unnecessary?
