BTC (from the English. "Return to the creek) - a trading signal in the trading, showing the return of the price to the previous resistance level, which has become support. Most often occurs after a JOC signal.
Signal Features
BTC is considered one of the most successful signals in order to open a position up. In fact, this signal is a natural continuation after the price jump, and precisely the result of this jump, as well as how quickly the price of the asset returned to the resistance level, helps the trader determine how to proceed. Although most often the BTC signal means a convenient time to buy, this is not an axiom, and the trader needs to be careful, especially in the foreign exchange market. In order not to draw conclusions regarding the further behavior of the price blindly and based only on the current moment, it is necessary to take time and study the signal in the context, if necessary, even on several timeframes. So, using a pairwise analysis, you can determine the further movement of prices and make a profitable transaction. [one]
Key Concepts
Timeframe - a trading period, or an interval of time, which is used to group quotes on a price chart. Binary analysis is a technical analysis technique in which the asset value, volume and price movement are analyzed in detail. As part of this analysis, each individual bar is considered.