Do you understand the difference between support and resistance?
The answer to this question is very simple. Supports are the levels which are beneath the current price, while resistance are the levels above. Furthermore, when price goes down through a support level and breaks it, this level becomes a new resistance and vice-versa. In other words, when breaking the level in a bearish direction, price relocates under that level and the old support levels now becomes a new area of resistance.
When a resistance or support zone is broken, it's role is reversed. In other words, once a resistance zone is broken, it becomes support and vice-versa.
Hope you understand this. Stay safe and as always trade smart.
Stay tuned and pin to top our channel.
@tamil_btc
The answer to this question is very simple. Supports are the levels which are beneath the current price, while resistance are the levels above. Furthermore, when price goes down through a support level and breaks it, this level becomes a new resistance and vice-versa. In other words, when breaking the level in a bearish direction, price relocates under that level and the old support levels now becomes a new area of resistance.
When a resistance or support zone is broken, it's role is reversed. In other words, once a resistance zone is broken, it becomes support and vice-versa.
Hope you understand this. Stay safe and as always trade smart.
Stay tuned and pin to top our channel.
@tamil_btc
BTC Dominance got rejected.
Currently going downwards but unless we break the 62 levels to the downside there’s still a chance that BTC.D could retest the long channel resistance turned support and continue to the upside. This will point more upside in BTC in the coming weeks this way all the gains that you see now in Altcoins will be washed away.
For the short term, we will post some great signals from tomorrow.
Stay tuned and pin our channel to the top.
Join @tamil_btc
Currently going downwards but unless we break the 62 levels to the downside there’s still a chance that BTC.D could retest the long channel resistance turned support and continue to the upside. This will point more upside in BTC in the coming weeks this way all the gains that you see now in Altcoins will be washed away.
For the short term, we will post some great signals from tomorrow.
Stay tuned and pin our channel to the top.
Join @tamil_btc
#CoinCoach|📊 FUTURES CALL (BINANCE)
#FILUSDT
LONG BELOW : 22.00|21.50
MAX 5x LEVERAGE
TAKE PROFIT 23.50|24.00|24.50|25.00|26.00➕✍️HOLD COIN
#FILUSDT
LONG BELOW : 22.00|21.50
MAX 5x LEVERAGE
TAKE PROFIT 23.50|24.00|24.50|25.00|26.00➕✍️HOLD COIN
What a remarkable week for #Bitcoin
- Up 106% since breaking the $20,000 barrier on Dec.16
- Record volume on Perpetual Swaps - $136.9b
- Record daily active addresses - 1.35m
- Record number of holders - 33.56m addresses with a balance in $BTC
- 100% holders profitability
- Up 106% since breaking the $20,000 barrier on Dec.16
- Record volume on Perpetual Swaps - $136.9b
- Record daily active addresses - 1.35m
- Record number of holders - 33.56m addresses with a balance in $BTC
- 100% holders profitability
#BTC/USD Daily Analytics Update 5th February
- Bitcoin is ready to go higher due to the fact that price consolidating nearby resistance level and probably can break it soon, price can make new uptrend and go up to resistance zone
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/MAchW7ZM/
- Bitcoin is ready to go higher due to the fact that price consolidating nearby resistance level and probably can break it soon, price can make new uptrend and go up to resistance zone
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/MAchW7ZM/
#XAU/USD Daily Analytics Update 5th February
- Gold is ready to go lower due to the fact that price found new resistance zone and probably can bounce, price can make new downtrend and fall more
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/fKnLrguF/
- Gold is ready to go lower due to the fact that price found new resistance zone and probably can bounce, price can make new downtrend and fall more
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/fKnLrguF/
#ETH/USD Daily Analytics Update 5th February
- Ethereum is ready to go higher due to the fact that price repeats the Bitcoin's way and probably can break resistance level as well, price can continue growing after that and reach resistance zone
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/KV32Dzp8/
- Ethereum is ready to go higher due to the fact that price repeats the Bitcoin's way and probably can break resistance level as well, price can continue growing after that and reach resistance zone
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/KV32Dzp8/
Feb 22,2021 #BITCOIN PRICE ANALYSIS
BUY ABOVE = 58240$
Target 1 58340$
Target 2 58440$
SELL BELOW = 55640$
Target1 55540$
Target 2 55440$
Trade on www.bityard.pw
BUY ABOVE = 58240$
Target 1 58340$
Target 2 58440$
SELL BELOW = 55640$
Target1 55540$
Target 2 55440$
Trade on www.bityard.pw