Market structure before indicators, every time.
An RSI reading is meaningless without knowing whether price is in a higher-time-frame uptrend or downtrend. Overbought in a bull trend is different from overbought in a bear trend.
Read the weekly chart first. Then daily. Then 4H. Then 1H if you're day trading.
Top-down analysis prevents the most common error: optimizing a short-term trade against a long-term headwind.
#TradingEducation #MarketStructure #CryptoTA
An RSI reading is meaningless without knowing whether price is in a higher-time-frame uptrend or downtrend. Overbought in a bull trend is different from overbought in a bear trend.
Read the weekly chart first. Then daily. Then 4H. Then 1H if you're day trading.
Top-down analysis prevents the most common error: optimizing a short-term trade against a long-term headwind.
#TradingEducation #MarketStructure #CryptoTA