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Supportandressistance

BTCUSDT is ready for a scary dipHello traders! BTC is ready for a scary dip but this move will work like a slingshot because BTC is aiming for a trendline that is at the top. Not only that it will break it towards the upside and we will see the bullish spike. Every trendline is formed to be broken but the only condition is that the angle of the trendline should not be steep. The trendline above is valid and BTC will touch that trendline after breaking the trendline from the Bottom, I am leaving an example below to see how it will move. This whole formation is a pullback pattern that is formed below the important zone. I was expecting this pattern for a week because these types of patterns form after breaking an important zone. XRP Example Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
3
How to find extremely strong and accurate levels (Must Read!!).I know how to properly identify support and resistance levels that are backed by recent supply or demand. By this I mean, supply is what traders consider to be selling power that makes a currency value go down. Demand is the total opposite as it shows its self as support and encourages a currency's value to go up. With that said, support and resistance or supply and demand are perhaps the single most important concepts in any form of trading. You can easily find these levels if you accurately use past price data (candlesticks) as a reference point to current levels that may or may not break to find the best place to place entries and stop loss. Trading support and resistance levels are so abundant that you can go all the way back to 2010 and pick ANYWHERE to plot lines only to find out that they formed a perfect support or resistance level in the current times of 2018! This is the number reason why it's important to use the most current S&R levels as a reference point to where price is most likely to break through or bounce off. This is from my tradingview. (www.tradingview.com)
Education
by ElieTheForexTraitor