Today's (4/15) ironclad entry point! (BTCUSD)
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Today (4/15)’s ironclad entry point!
(BTCUSD)
★Break above/below the conversion line to enter! (Click image to enlarge)
Among the many moving averages, in an uptrend,
there are certain lines thatserve effectively as support lines during pullbacks and act aslines of a consistent widthlines of a consistent width.
Similarly, in a downtrend,
there are lines that function effectively as resistance during retracements—lines of a certain widthlines of a certain width exist.
In other words, if in an uptrend a support line breaks without stopping, the downtrend begins, and
in a downtrend, if the price crosses above a resistance line without being bounced, the uptrend begins.
In short,support and resistance lines become conversion linesas such.
This idea also applies to indicators.
In the Tencho Chart (Reiwa edition),not only moving averages but
【Tencho Chart (Reiwa edition)】
【Even with just moving averages, this is amazing!!】