Let us discuss the fundamental indicators that everyone should consider.
We shall begin with moving averages. Typically, two are used: the 200 EMA and the 23 SMA.
To comprehend their significance, it is advisable to peruse an extensive yet engaging article on the 200 EMA, which can be found here: (https://www.binance.com/en/feed/post/1103816)
Next, search for information on the 23 SMA, as I assume you are capable of doing so.
Subsequently, proceed directly to the exchange platform and configure the indicators there or utilize tradingview.
For convenience, you may promptly find a pre-made indicator by searching for "Colored EMA/SMA 200 23"
Then, open the 1D timeframe for Bitcoin and observe the position of the 200 EMA.
It may seem straightforward, even though it is not entirely simple. However, it is relatively easy, particularly in the long run.
Utilize moving averages as a guide. Smart traders may be astonished, but classical methods have long proven their efficacy.
Smart traders may express their dissatisfaction with this brief explanation by giving it two likes. They might wonder why Bitcoin is reluctant to surpass liquidity levels and why SM is no longer effective for altcoins.