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Fundamentals of Support & Resistance -001 How to identify them?? Support and Resistance are areas where price has reacted to in the past and can potentially react again in the future.
We draw support and Resistance levels because once the price gets back to this levels ,there are possibility of trading opportunities that arise and you have to draw this levels already as a reminder to look. There are specific criteria we look to identify Support and Resistance levels. 1. We look for the extreme swing high and swing lows ( the highest or lowest points the price has reached in recent time).
Example: picture 01 The red line, it’s extreme swing high(Resistance) thats is where price has reached in recent time and the green line is extreme swing low(Support) where the price has reached in recent time.
Picture 02 You could see, once the price rejected from R1 the price retested S2&S3 , the price then rejected and retraced to R2 and the price got rejected again to S4 and while approaching S4 its rejected again.
So by looking at extreme swing highs and swing lows, we can identify potential Support and Resistance levels and where the market is likely to reverse. But this is not quite enough to make a trade decision because we always need a confirmation price action pattern. Will talk about this later and right now i want you to focus only on how to identify Support and Resistance.
Like,Follow,share and comment “Let’s go” so i can bring you the next episode 002 as we all enrich ourselves on how to analyze the Market.
Disclaimer; This content aims to improve readers, you should get more information from multiple sources (DYOR) before setting up your own strategy. All buying, selling and crypto investment activities are responsibility of the reader. #BTCMarketPanic #MarketDownturn #BinanceTurns7 $BTC $SOL
Bitcoin in consolidation mode. After yesterday dip and a rise to $82,300. $BTC is in consolidation mode trading around $81,900 as Support zone and $82,800 Resistance zone but failing to reclaim resistances area at $83,200 I think a little dip to around $80,000 is coming but if its manage to Hold around $80,000 then we are up next to $87,000 #BitcoinRecoversTo$82K
A lot of traders enter into crypto and think once you put $10 or few money, the next day, you become a top trader. Thats not how the market works, you will need to put in a lot of works. Learn to grow on your own way and you will get there. A lot of people here thinks sometimes its a scam , thats simply cuz you dont know how its works. From the begining i didnt know what it means to read a chart or analyse it. And still a lot of you here still dont know a thing and following traders for a signal. I bet you if you start so small, your journey will be so great and am here to give you a few tips on how to be on your own. 2 years ago, #CZ left us a valuable tips to be on our own , a way to guide us to be successful. The first thing, he made us understood that trading is not about making money quickly, its about buiding wealth slowly and sustainably. Moving foward , he also said "Dont fall in love with yours coins, be emotionally detached." He continue to say technical analysis is not magic, its just a tool to help you make informed decisions. And he didnt end there , he also said learn from the mistakes of others, but make your own, thats how to learn. Last, he talked about risk management , its not about avoiding risk.its about understanding and managing it. Looking about all this can give you a clue on how to start small and getting to the top. now let me get you into all what it means to be on you own. you have to follow me coz on my next post i will explain all what CZ means with the valuable tips above and it could make you the best of you. But by starting, get a mentor someone who inspires you. . This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing, All buying,selling , and crypto asset investment activities are the responsibility of the reader. Like , fellow , share lets build our journey together. #BitcoinRecoversTo$82K #NEARRisesNearly10% $BTC $ETH
$BTC dip because the expected U.S inflation revived fears of higher interest rates and triggered heavy leveraged selling.
Its now rebounding because the forced selling eased , and buyers defended the roughly $80,000 zone and some pressure from yields and faded.
The market appears to be treating the inflation shock as partly absorbed rather than eacalating it into a fresh breakdown. $BTC held near the $80,000 Support zone. Reports noted that Treasury yields and the dollar eased frome their initial reaction. Short term traders then bought the rebound, helping $BTC recover towards $82,300. And the broader crypto markets is also slightly higher.
WHAT MAKES YOU A TRADER!! Everyone one wants to be a trader but the question is, what defines you as a trader. In real life , what people know is buy low and sell high with physical products and make profit. But the Financial market seems to be the same but its a technological tool, manipulated by news ,institutions ,a group or others ,etc. which you trade against them, it takes a lot of hard work ,a study such as getting your emotions,strategy,technical analysis,risk management all together to get to the top. It’s about being smart.
To be ready for the financial markets ,you have to define yourself, or be a type in the game . Are you a day trader, swing trader, technical trader etc. what works or doesn’t work for you . You need to set up your mind ,be determined to learn , be ready to loose and win. Never think its get rich quick. But with patience you will be successful.
Follow,Like,share and comment “Let’s go” so i guide you to be on your own and make your own informed decisions and also i will bring you series of fundamental Support and Resistance which all top traders use. …LJ! $BTC $TRX #BitcoinReboundsTo$83K
Hey Gm Its been a while here ? My episods about learning the basics of Support and Resistance is coming back to you.
Let me see a reaction about the post coz we are both going to learn together and take profit together. From how to analyse to risk management ? And also precision ,patience and profit . Ride with me on this this journey to be the best .
Merry Chrismas to everyone! The last minutes of the 2025 was headache $BTC didnt let us breath but the top traders did well with the crisis , while the learners cry thinking its a scam ? Am here to say to you all Mery Chrismas and a Happy New Year. 2026 will give you the best life in Crypto coz 2025 thought us the best lessons. Let as all our wishes come true. #MerryChristmas
The bullish momentum is slowing down ? If we go up and break above 94200. we could go higher. But the bullish momentum slowing down.Price could retest the 92000 before going up?
PROFESSOR MIKE OFFiCIAL
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Bullish
Dear #binancians , Let’s open the floor today and test our analysis skills together. Look closely at the $BTC structure shown in the chart it’s forming a critical pattern, and the next move can be massive. I want every one of you to share your predictions in the comments section.
Drop your thoughts confidently! I’ll personally appreciate every correct prediction, and those who get it right will receive a tip from me as a thank-you for contributing to our community’s growth. Let’s see who analyzes the market like a true pro.
A massive pump 🚀 for filecoin in the last 8hrs ? From 1.397 to 1.930 Bullish momentum for filecoin. I guess nobody saw this coz for the last month everyones was thinking of pumptober and its turn out to be downtober? Its was hard month for other traders but others gut lucky as well .
#MarketPullback After powell’s speech BTC underperforms , At the end , Powell’s speech was a good one for crypto. but looking at the last decades , October registers as one of the best months for average returns. And yet, $BTC is down by 3.22% in the last 30days . But looking at the chart BTC is forming a bullish trend , which possibly could see price above 125,000.