These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55
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Not
#SOLUSDT.P
When the BW indicator touches the 100 point, an arrow appears.
After that, if it falls from the 100 point, the BW (100) line is created.
The current arrow appeared on October 20th, and the BW (100) line was created on October 25th.
Therefore, since the price was still falling when the BW (100) line was created, it was not possible to start trading at the BW (100) line.
So, when can I trade?
For now, you can trade depending on whether there is support around the point where the arrow appears, that is, the closing price on October 20th, 167.42.
However, in this case, a short and quick response is required.
To make it more intuitive, arrows and BW (100), BW (0) lines are displayed on the candlestick area.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.