Get started

Zones

Master this basic skill before anything else to find success. 📚One of the first and most critical skill you must master - How to PROPERLY identify Support/Resistance Levels. Once you learn how to properly identify these levels you can quickly understand what the trend is doing or where price could go next. Follow these basic guidelines: 💎 You need 2 touch points, but 3+ are better. The more touch points, the more powerful the level 💎 Look for price rejection at the same level (resistance) 💎 Look for price being respected and held up at the same level (support) 💎 You can use wicks or bodies but bodies are more powerful 💎 Indicators, Oscillators and Trendlines can all act or be used as S/R 💎 Practice on a Higher Time frame before moving to lower time frames Advanced Techniques: 💎 When S/R lines up with FIBS, becomes much more powerful 💎 Look at Swing Highs (SH) and Swing Lows (SL) 💎 Use Moving Averages to find Support/Resistance 💎 S/R is not always an exact point or number. It can be a zone. 📚 Test your self 1. Open a 3D Chart and find 3 levels of support 2. Find 3 levels of resistance 3. Study what price action did after breaking through or holding either support or resistance 4. Practice on 5 other coins from your watch list. 5. Add the 50MA to your chart. Study how price reacts when it holds support or resistance. Bonus! Can you identify Support/Resistance on an indicator like the RSI? Comment below if you would love to see more skills broken down.
INDEX:BTCUSDEducation
by jlouvierobv
2
A comprehensive overview of the ETH shopping areasLet's start with what Merge is and how does it affect the price? This is where ETH switches from POW to POS. This means that the "production" of new Ethers can drop by as much as 90%. However, you should be aware of the dangers that could occur if the update failed. But as always, let's try to be optimistic for a moment! Knowing the past, or if you prefer history. We can predict with greater probability what will happen next. And I don't just mean wars that were usually caused by the same thing, crises that were usually caused by the same… .. I mean Bitcoin halving. So, while writing about Ethereum, we will focus on Bitcoin for a moment. Since the price increased after each Bitcoin halving, we can assume that he will potentially do it again. Let's go a step further, since after halving the difficulty of extracting or "producing" increased by half and thus we received a smaller reward by half for the excavated block, so we can assume that after the next halving it will be similar again. So let's ask ourselves another question :) Is Merge for Ethereum like halving for Bitcoin? Well, not really, because the market will not get 50% less BTC, only 90% less Ethers. So Merge is more than that! We have a price curve on a logarithmic scale, but it's not a Rainbow. I simply took these levels as benchmarks. Note the “Kind of a head with arms that ended us hosse at ETH. The left arm is yellow circles, The head is a red circle, The left arm is a blue circle. Right after we had our left shoulder and some drops, we had time to go shopping. SHOPPING AREA - I marked it in blue. It is a place where, in my opinion, you should buy, regardless of whether the price is rising or falling locally BUY ONLY AFTER ADJUSTMENT - I have marked this area in yellow. this is a place where corrections of 20-50% should not surprise anyone, but should be treated as a potential chance to enter an uptrend. GETTING INPUT - The pink area should be the place to think about making a profit, or at least and necessarily take out your crypto financial contribution. You should reward yourself for perseverance and consistent implementation of the strategy :) Let the rest of the "free" money work. LEAVE THE MARKET! - in the red area, forget about buying, this is the place where you should leave the market and wait for a drop of over 60-70-80% and repeat everything again. Well, now let's talk about price levels and percentage increases (if everything goes according to plan) We already know that after the second Bitcoin halving, the price of etherum also shot up and despite the initial sideways trend and declines, we finally grew from $ 12 to over $ 1,500, i.e. over 12,000% .... Another time it was not so spectacular. After the third Bitcoin Halving ETh, $ 4,800 rose from around $ 200. This time the increase was over 2,100% And now let's think that if Ethereum was able to increase so much in percentage, is it possible to scenario that we will grow again 12,000% - let's get down to earth and, despite the optimism, let's become realistic for a moment. The crypto market grew after Bitcoin and that much in ETH at that time nothing changed, but it grew. This time, however, is different. We have more than Bitcoin halving on Ethereum, so can I assume Ethereum will grow at least 2,100%? Sounds better, right? If I get off for 2,100% increases and the price rises to 12,000%, should I cry and bang my head on the table? NOT. If you make a profit, you should be happy, no matter if it is 10%, 100% or 2000%. Let it not be, these are not investment advice. SueI am just trying to put my thoughts on paper ... or rather on a computer screen. Let's look at the percentages for a moment: From the peak in June 2016, when the price was at 21.49, we have decreased by 73%. Since the January 2018 peak, we've dropped 94%, and it's worth noting that the peak was a month later than Bitcoin at the time, which already showed that ETH was starting to get its way ... but then it fell like everything else! After the November 2021 peak, the decline reached 81% ... which is in line with the average. Would it be possible to drop by 80% before Bitcoin's fourth halving around 2024 - seems likely. And I would also like to explain why he decided to mark price curves on a logarithmic scale. Note that from the high of $ 21.49 to the high of $ 1594, we jumped 3 levels on a mesh of blue rainbow price curves. The next peaks did not break new curves (these peaks with peaks of over $ 4,000 in the next bull market). However, I assume that with the appropriate “market excitement” by increases, there may be a situation in which we will break new levels on the curve. Thank you very much for reading the full description of the analysis. If it turned out to be helpful in any way, please leave (the racket) a paw up :)
KRAKEN:ETHUSDLong
by cryptodailyuk
20
GBPJPY SHORT!!Previous Monthly candle closed Bearish with a long rejection wick. High Probability The next monthly candle will fill the previous candle wick. We could continue the bearish momentum in September before pushing to the upside. Overall GBPJPY is in a Range I am anticipating price to respect my 1hr zone to continue to the downside. Liquidity is found in my retail zone as their is manipulation around that area. Price could break the retail zone to collect liquidity.
Short
by Franklin1211
BTC relies on support at $ 23,021Hi everyone. Today with yellow lines we have marked the channel in which the BTC price is currently moving. As you can see, we have two important zones: -first is the support line on which the price is currently based at $ 23,021, then we have a support zone ahead of the price which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around 12,000 dollars. - the second is a resistance zone, we have from $ 24,696 to $ 26,196. A break from this zone may result in further increases towards the resistance at $ 28,754. Currently, the price on our channel is shifting nicely to the side, which could potentially be used for short-term licks. Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we have entered a local downward trend. Remember, however, that this is not investment advice.
by cryptodailyuk
AUDUSD SHORTCONFIRMATIONS - Sellers have exhausted and made their final push. So in the next 12 hours it will be bullish, however when price hits my fib at 69361, price will most likely reject and shoot to the downside. - The issue I have with this trade is that price could be possibly consolidating because of the zone we are in. Also the issue is I might miss the entry because price can very much start shooting down now. Bee aware of candlestick for entries. - Waiting for a shooting star or a inverted hammer candlestick as a confirmation for my entry. - I will scale down to the lower time frames to look for an entry, I usually draw my analysis on the 1 HR or 4 hr. DXY is bullish so to work in confluence im bearish on the Aussie Dolla. - Risk/Reward is 2:1 - Not major news this week on the economic calendar so price shouldn't drop dramatically into another zone but most likely consolidate in the area.
Short
by KairosTrades
BTC USD 4H chart Analysis!While there might be much more trading opportunities in the way, Shorting Bitcoin around the supply zone and Longing it at around the Strong demand zone is rational. There are also two other lines which are weaker entry points and cautious traders should avoid them. A safer Long trade might be after breaking the 23000 or in a reverse to lower ZONE. A safer Short trade could perfectly be found around the Red zone in the chart I generally like to call BTC an instrument which is more prepared for Long trades.
BINANCE:BTCUSDLong
by AliSignals
2
GBPJPY ANALYSIS FOR JUNE 2022FX:GBPJPY The monthly chart shows that British Pound very probably will increase in value against the Japanese Yen. As we can see in May the price consolidated and closed above the resistance. In June we can expect the candle to form a bottom wick and continue to go up to fill the wick of April, once it exceeds April's high, it has a free traffic until 172.600. Another possible scenario is a pure consolidation of the price around that zone. It may drug up and down without decisive direction for a whole summer. However, one a big scale it is very improbabile it will break the bullish trend.
by rossty777
ETHUSDT Wants to retest the monthly support on 1800 The market lost the support on 2460$ and retested as new resistance before a new bearish impulse until the monthly support on 1800$ The price is creating a pennant on the 4h timeframe, and the market created the demand zone on 1800$ How to approach it? IF the price is going to grave new liquidity from the demand zone, we can add in our watchlist in order to apply our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
6
ETHBTC support and resistance areasSupport and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on opportunity, or those areas which trapped traders in losing positions. There are other factors involved, not least of which is the simple self-fulfilling prophecy.
by Deviantor_Wayne
Bullish USDCHF long following the US dollarUSDCHF above key support in the demand zone. Broke short term down trend and is holding short term long trend on the daily. Will need to break up out of the triangle on the weekly chart to break major long trend. This will signify a longer trend to the upside towards the daily supply zone. We can see a inverted head and shoulders pattern that will need to complete and then possibly break neckline. These zones and targets are based off of fibs, fib ext, trend analysis, and price action. Please let me know your thoughts below
Long
by bhill
2
Slightly Bullish hovering around the 40k magnet line.This is a much riskier play to take here. The graph is the previous 6months of BTC action. It has been 2 months since the massive Bear win. Bulls had a weak and short attempt at raising the highs. Ever since, it has been a standstill around 40k with both sides making attempts and ultimately failing. A price both sides get attracted to like a magnet. The center "magnet" line is where the price hangs out most of the time barring any crazy news or massive buying/selling periods. We are currently above the magnet line along with the moving average. If it can reach the greenzone, this may be another high breaking attempt if it breaks upwards. Otherwise we are likely to drop back to the magnet and wait for the next move.
COINBASE:BTCUSDLong
by coinofthewest