If being addicted to finding patterns and then presenting them clearly in a chart is wrong, then I don't wanna be right.
After making the last weekly chart showing the basic framework of support & resistance lines for all of Bitcoin's 3 market cycles, I decided to make a more detailed daily chart showing all the major support and resistance lines for this current cycle (3rd cycle).
Note: Most of the horizontal lines are actually zones.
Not really sure what else to say, just enjoy and leave any comments or discussion points below. Have a good day~
After making the last weekly chart showing the basic framework of support & resistance lines for all of Bitcoin's 3 market cycles, I decided to make a more detailed daily chart showing all the major support and resistance lines for this current cycle (3rd cycle).
Note: Most of the horizontal lines are actually zones.
Not really sure what else to say, just enjoy and leave any comments or discussion points below. Have a good day~
Note
Learned the importance of Price By Volume (PBV) so though I would adjust the chart in accordance to these strengths. It makes sense to mix the zones of support and resistance with the levels that had the most volume. Check it:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.