DexterMGarcia

BTC Key Confluence Level

Short
KUCOIN:BTCUSDT   Bitcoin / Tether
Based on recent calculation, the confluence level is between the prevailing 50% and Median 50%. This level or zone could serve as the deciding point where the price will go next. If it closed below this level, the price is likely to do a retest of the Lower 50% and/or 30% levels. It could further form a divergence and possibly touch the divergence line. If it closed above the confluence level, the price could attempt to break the Upper 50% level.

Just in case, I would place BUY orders from the Median 50% to setup my GRID and use a Martingale approach.

/please DYOR/trade at your own risk
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.