If you're looking for a long entry you better watch for the resistance indicated as #1 on the chart to aim the 2 significant levels denoted with arrows above that line. I'm using the bitstamp data but if you are looking for a short(on bitmex, finex etc.) it's again the best level to short from. I have a short position on BTCUSD right now from the level #1(actually I utilized that resistance many times till now), my plan is to add more to my position if it gets to that level again and in the case of that I'll be stopped and BTC reclaims the resistance #1 as a support, I will be looking for a long entry around the same level like I said in the first place.
