On the 15-minute chart, Bitcoin's price has been dropping, but it might be starting to go back up. Since the longer 1-hour and 4-hour charts showed Bitcoin was generally going up before this, you might wait for a bit more proof that the price is really starting to rise again on the 15-minute chart, like a few more green bars. If you decide to buy, set a limit for how much you're willing to lose in case the price starts to fall again.
A good entry zone for a long position is just above a recent low where the price has started to bounce back up, showing buyers are coming in. For a short position, it would be just below a recent high where the price is starting to fall, indicating sellers are taking control. Always remember to confirm the trend direction with additional green bars for a long position or red bars for a short position before entering.
A good entry zone for a long position is just above a recent low where the price has started to bounce back up, showing buyers are coming in. For a short position, it would be just below a recent high where the price is starting to fall, indicating sellers are taking control. Always remember to confirm the trend direction with additional green bars for a long position or red bars for a short position before entering.