📍What is “confluence trading”?
“Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade.
You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal.
Confluence refers to any circumstance where you see multiple trade...
The rule is pretty simple: if you have many technical confluences backing your setup, the probability of your trade succeeding is really high. On the illustrated BTC chart, a number of confluences is listed. To be precise, there are 4 confluences examined, and they will be all scrutinized below:
1) The current direction of the market is bearish, meaning we are...
