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BITCOIN SOON TILL MOONHello budies,unlike other markets predictability and so called bitcoin relation to s&p 500 or others i belive bitcoin is not technically and specially on low tf s predictable but fundamentally.the large market cap of btc almost creates limitations for manipulation of whales but exchanges smart platforms are designed so perfectly that can benefit most of traders s/l ,liquids and so on.the reason that pesuades me to belive that most TA are not reliable is that cryptocurency traders mostly are observing the same price movements on their screens and mostly share the same knowledge of TA.a good strategy considering all probalality and avoiding emotional trading leads owners to have a good plan and benefit most of price movements.
Long
by HaghighatiMaleki
How do you spot your support and resistance?I have seen a lot of traders designing their chart with so much lines even at the lowest time frame all in the name of support and resistance. It’s quite funny but really not so. For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as low as 50pips and above as resistance. And I find them at H4 or H1 TF In this case my I have a clean chart on M15 TF where I easily fine my entries. Dose this make sense to you? Tell me, How do you plot your own S&R?
FOREXCOM:XAUUSD
by dlegendtbk
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