Today Bitcoin (BTC) Level by EdgeTrader.org

RahulChaurasiya

Today Bitcoin Level by EdgeTrader.org

Introduction

Stay ahead of the crypto market with accurate Bitcoin levels updated daily by EdgeTrader.org. Our special Google Sheet provides you with the required Bitcoin levels, FAQs and a complete guide to maximize your trading decisions.

Access the Daily Bitcoin Levels

We update the sheet daily with:

Bitcoin (BTC) Key Opening Price and Swing Low & High Price
Crypto market trends
Additional crypto insights

Best Bitcoin Chart On TradingView (BINANCE:BTCUSDT )👈

How to Use These Levels

Draw the given levels on the BTC chart. If you don’t want to add these levels manually, you can use the provided indicator to automatically plot horizontal lines.
The 0.5 level between two horizontal levels also acts as support and resistance.

https://www.tradingview.com/script/NEeu9eqq-Drawing-multiple-horizontal-levels/

Video Guide Coming Soon…

Risk Management

Combine these levels with your risk-reward ratio for better decision-making.

Pro Tip: Pair these levels with trading strategies like retests, or reversals for optimal results.

FAQs

1. How often is the Google Sheet updated?

The sheet is updated daily after the market session break and as needed during high-volatility events. The last updated date is mentioned on the sheet.

2. Are these levels beginner-friendly?

Yes! The levels are designed to be straightforward and easy to apply, even for new traders.

3. Can I use these levels for other cryptocurrencies?

NO–

Why Choose EdgeTrader.org for Bitcoin Levels?

Accuracy: Based on technical and fundamental analysis.
Reliability: Daily updates ensure you never miss key levels.
Community Support: Connect with like-minded traders on our forum.

Start Trading with Confidence

Don’t miss out on profitable trading opportunities. Leverage the expertise of EdgeTrader.org to stay ahead in the crypto market.

Discussion and Feedback

Do you have questions or suggestions about the Bitcoin levels? Let us know in the comments below or join the discussion on the forum!

Your Turn

Have you used these levels in your trading? Share your experience in the comments below or suggest improvements for the sheet!

RahulChaurasiya

2 Feb 2025 BTC Levels By EdgeTrader.org

1 Feb 2025 BTC Levels By EdgeTrader.org

RahulChaurasiya

How We calculated bitcoin (BTC) level in this google sheet?

BTC Trading Strategy: Identifying Key Levels with Day Range

Overview:
This strategy focuses on analyzing Bitcoin’s price action by identifying key levels during the trading session. By using specific techniques, traders can determine support and resistance levels to make informed decisions.

Steps to Implement the Strategy

Session Break and Opening Price:
- Start by marking the opening price of Bitcoin at 5:30 AM or the session break time.
Initial Price Movement (2–3 Hours):
- Observe the price movement for the next 2–3 hours and identify a swing:
  - If the price moves upwards, note the highest price of the swing candle (Swing High).
  - If the price moves downwards, note the lowest price of the swing candle (Swing Low).
Calculate the Day Range:
- Identify three points:
  - Opening Price
  - Swing High Price
  - Swing Low Price
- Calculate the difference between the Opening Price, Swing High, and Swing Low. This difference represents the Day Range.
Visual Representation on the Chart:
- Draw a horizontal line at the opening price.
- Use the Range Tool (available on platforms like TradingView) to plot a box based on the Day Range.
Box Levels:
- The box formed represents the Day Range, acting as a reference for key levels of support and resistance.
Further Analysis Using Box Levels:
- Extend the box from the opening horizontal line towards the upside and downside based on the levels you wish to monitor.
- Use these extended levels to evaluate market behavior:
  - The upper line acts as resistance.
  - The lower line acts as support.
  - The middle line acts as support when the market trades above it, and acts as resistance when the market trades below it.

Key Insights:

When price interacts with these levels:
- If the price respects the upper or lower line, it signifies strong support or resistance.
- A breakout beyond these levels indicates potential continuation in the price trend.
The middle line (opening price) serves as a dynamic level for intraday price action.

Why Use This Strategy?

This method helps traders:

Identify critical levels with ease.
Analyze price reactions to support and resistance.
Make objective trading decisions based on data.