The price of BTCUSD is heading to the oversold region after leaving the overbought region.
Trading should be systematic, leave emotions out of it, you can leave just a little amount so support logic.
Confluences to look out for:
1. Hitting that support right there.
2. Price hitting the oversold levels in the RSI
3. Price action to support divergence
4. The W pattern.
Once you've confirmed these confluences, open a buy position using proper risk management.
Trading should be systematic, leave emotions out of it, you can leave just a little amount so support logic.
Confluences to look out for:
1. Hitting that support right there.
2. Price hitting the oversold levels in the RSI
3. Price action to support divergence
4. The W pattern.
Once you've confirmed these confluences, open a buy position using proper risk management.
