Manual trading
For some this is preferred to trading with bots. You 'feel' more in control. And in many cases you could make more money.
I have a free trading view acc. 2 indicators on it. From this I can gain enough information to make a manual trade.
As seen in the pic Trend lines for overall direction. And a buy/sell indicator.
I have additionally screenshot a chart and asked chat gpt for its point of view as further confluence.
I will give example of trading BTC below.
Daily chart = very bearish.
Hourly chart. = bullish.
Message chat gpt = bias on direction and trade analysis.
Chat GPT reply below 👇 Long detailed read or TLDR
Based on answer I can follow or modify my attack today.
TL;DR
Bias: Sell rallies / cautious bearish-to-neutral, unless BTC can reclaim and hold $71.5k–$72k on the 1H and then break $74.5k on the daily. Your daily chart still looks like a countertrend bounce inside a larger descending structure, while the 1H shows a local up-channel that is losing momentum near the lower half of its range.
Key areas:
- $74.5k = major daily resistance / invalidation area
- $71.5k–$72k = near-term reclaim zone
- $70k = important pivot / support
- $68.5k–$69k = next downside area
- $64k–$65k = bigger support below if $70k fails
News/events to watch: the Fed on March 17–18 and ongoing macro/inflation/oil headlines. Sticky inflation and geopolitical pressure can still cap risk assets, even though BTC ETF flows have turned positive again.
Your indicators: they look usable as a trend-following / swing confirmation tool, but not as a stand-alone money machine. In chop, they will whipsaw. They become much more useful if you only take:
- daily-direction trades
- 1H pullback entries
- at key levels, not in the middle of nowhere
Detailed view
1) Higher-timeframe read: daily chart
The daily chart is still the more important one, and to me it says:
- BTC is still inside a broad descending channel
- Price is currently below the big horizontal resistance around $74,493
- The recent bounce looks more like a recovery within a broader downtrend than a confirmed trend reversal
So from a market-structure perspective, I do not yet see a clean daily bullish trend reversal.
Your yellow line around $74.5k is the key. That is not just a random level. On your chart it lines up with:
- horizontal resistance
- the upper region of the broader structure
- a clear invalidation point for the bearish continuation idea
That means:
Below $74.5k= bears still have the stronger higher-timeframe argument
Above $74.5k, with acceptance= the daily structure starts shifting and the bearish channel thesis weakens materially
That lines up with the broader market context too. BTC is around $70.7k now after trading as high as $73.9k intraday, so the market is still some distance below the level that would really repair the daily chart.
2) Lower-timeframe read: 1H chart
The 1H chart shows a different, more tactical picture:
- price had been climbing in an ascending intraday channel
- it then made a push up toward the $73k–$74k area
- since then, momentum has softened and price has drifted back toward the lower half / lower boundary area
That tells me the 1H is in a local corrective bounce, but it is not dominating the daily.
In plain English:
- 1H says: there was a tradable bounce
- Daily says: that bounce is still occurring inside a larger bearish structure
That is why my directional preference is still:sell strength until proven otherwise
Not blindly short any candle, but:
- short resistance
- short failed reclaim attempts
- short lower highs on the 1H
- unless daily resistance gets broken and held
3) Practical directional bias
If I had to simplify the bias into trading logic:
Base case
Short-biased below $74.5k
Because:
- daily trend structure is still not repaired
- price remains under major resistance
- the 1H bounce has already started to stall
Bullish scenario
I would only become meaningfully more bullish if BTC:
- reclaims $71.5k–$72k
- holds above it cleanly on the 1H
- then pushes toward and through $74.5k
- and does not immediately reject back under it
That would suggest the bounce is becoming more than just a relief move.
Bearish scenario
If BTC loses $70k decisively, then I would expect pressure to build toward:
- $68.5k–$69k
- then potentially $64k–$65k
Those are the zones I would have on my map from your charts.
4) Key areas to watch
Major resistance
$74,493This is your most important line on the daily. A lot of your decision-making can revolve around it.
Near-term resistance band
$71.5k–$72kThis is the area the 1H really needs to reclaim with strength. If BTC keeps failing there, that supports short setups.
Pivot support
$70kPsychological and technical. If price cannot hold this area, the downside path opens up more cleanly.
Lower support
$68.5k–$69kThe 1H structure below suggests that as the next area where price could react.
Deeper support
$64k–$65kThat region looks like the next more meaningful daily support if the market rolls over harder.
5) Macro and news: what could change trend direction?
This part matters a lot right now.
Fed meeting: March 17–18
This is the biggest scheduled event immediately ahead. The Fed’s March meeting and press conference are next week. Any change in tone around inflation, growth, or rate cuts can move BTC and broader risk assets sharply.
Inflation remains sticky
Recent reporting says the Fed’s preferred inflation gauge remains elevated, with core PCE at 3.1% year-over-year in January. Sticky inflation reduces the odds of fast easing and is not ideal for risk-on markets.
CPI already released; next one is April 10
The BLS says the next CPI release is April 10, 2026. So the immediate scheduled volatility catalyst is more likely the Fed than CPI.
ETF flows are supportive
This is the main bullish counterweight. U.S. spot Bitcoin ETFs have seen recent inflows:
- $115.2m on March 11
- $53.8m on March 12
- $180.4m on March 13according to Farside. That helps explain why BTC has been resilient on dips.
Current market mix
So the backdrop is mixed:
- bullish: ETF inflows, dip buying, BTC holding around low-70s
- bearish/cautionary: sticky inflation, uncertain Fed path, geopolitical/oil pressure, BTC still below key daily resistance
That is why I am not calling for aggressive directional conviction either way at current levels. The chart still favors selling rallies, but the macro is not one-sided enough to ignore violent squeezes.
6) Can your indicators be followed profitably?
My honest answer:
Potentially yes, but not by themselves.
From the screenshots, your indicators look like a trend/structure-following system:
- red arrows marking short signals
- blue arrows marking long signals
- a colored trend overlay / channel logic
- signals appearing at swing points and local trend shifts
That kind of system can absolutely be useful.
But profitability depends on how you use it, not just whether the arrows appear.
What I like
On both charts, the signals appear to do a decent job of:
- identifying turns near local swings
- aligning with the channel structure
- giving repeated directional prompts in-trend
So visually, they are not random junk.
What I do not like
They also appear to generate:
- multiple entries in congestion
- some late signals after movement already started
- probable whipsaws in sideways sections
That is normal for almost all trend-following indicators.
My conclusion on the indicator
I would not treat it as:
- “red arrow = short no matter what”
- “blue arrow = buy no matter what”
I would treat it as:
- a confirmation tool
- a timing aid
- a structure assistant
7) Best way to use your indicators
This is where they could become much more effective.
Stronger framework
Use the daily chart for bias and the 1H chart for execution.
So for example:
If daily is bearish
Only take:
- 1H short signals
- at resistance
- or after failed reclaim
- or after lower-high formation
Ignore most 1H long signals except maybe quick scalps.
If daily flips bullish
Only take:
- 1H long signals
- on pullbacks into support
- or after breakout retest
That will likely cut a lot of bad trades.
Even better filter
Only take the signal when three things align:
- Higher timeframe bias
- Signal arrow
- Key level
That is the difference between a useful system and a chart covered in arrows.
8) Overall bias right now
If you asked me for the practical directional answer today:
My bias:
Short-biased / sell rallieswith caution around ETF-flow strength and macro headline squeezes.
What would make me short?
- failure around $71.5k–$72k
- loss of $70k
- 1H lower high + red signal
- rejection candles under reclaim zones
What would make me flip more bullish?
- strong 1H reclaim and hold above $71.5k–$72k
- then a push into $74.5k
- then actual acceptance above $74.5k on the daily
Until then, I still read this as a bounce inside a broader bearish structure, not a fully repaired uptrend.
9) Simple trading map
Bearish map
- resistance: $71.5k–$72k
- major invalidation: $74.5k
- support/pivot: $70k
- targets lower: $68.5k–$69k, then $64k–$65k
Bullish map
- reclaim $71.5k–$72k
- hold above it
- attack $74.5k
- only above there does the daily structure improve meaningfully
Final view
Your charts are actually giving a fairly coherent message:
- Daily: broader bearish structure still intact
- 1H: local rebound losing momentum
- Bias: cautious short bias unless BTC proves otherwise
- Indicators: useful, but only with higher-timeframe and level-based filtering
- Catalyst risk: Fed next week is the biggest obvious trend-change event on the calendar
If you want, I can turn this into a strict format for you:
BUY / SELL / OFF with entry zone, invalidation, TP1, TP2, and alternate signal based on your chart structure.
2
3 comments
Manual trading
