It depends on the market trend. The kind of content you just post is very good just as the downtrend is about to start after a long uptrend. The most confusing time is when the market is going sideways just like it is doing right now. Sometimes a breakout can happen on the resistance supply zone after a couple of bounces.
I would be comfortable applying such analysis in oversold conditions just when the trend is starting to change after a lengthy uptrend.
Topic: Buy entry on Erosistance or Supply zone (Trading system error) (Read 151 times)
In Resistance or Supply Zones, that is, the market is doing the sell entry and we do poorly there the buy entry ... ha ha ha. Who will be the loss if we not?
Not all the times on where TA's would be accurate even it do hit up resistance levels because here on crypto space,most of the time these kind of circumstances are able to have breakouts
and doesnt tend to bounceback once it do hit the floor or the ceiling but somehow these kind of strategies is commonly used from time to time even if we do know on how unpredictable the
crypto market is.
Image above shows that if your a certain type of TA trader, you wont really make any entries to that particular moment specially if that hit up resistances also when i do saw
a Doji after a run then thats a good sign.
Buy entry in the Erosistance or Supply Zone (Trading System Error)
One of the reasons for the loss in the trading market is that Resistance or Supply Zones are not clearly understood or unknown. We cannot find Resistance or Supply Zones in our trading charts. But when we start watching Loss, we worry about why. Loss? Why is my entry wrong? In fact, we have to see the loss as we cannot make a sell entry in the appropriate resistance or supply zone. We do not find the resistance or supply zones in our trading charts as we often buy in the resistance or supply zones.
In general, the resistance or supply zones do not always reduce prices. It depends mainly on some indicators. You must use TradingView for chart analysis. And as you can see in the trading view, there are some indicators. Ex: Moving Average Indicator. There are different types of MA indicators, depending on whether these zones will decrease or increase in these resistance zones. Examples: If Daily Moving Average and Weekly Moving Average cross each other, then this cross occurs in both the resistance or supply zones. Only then does the price drop. Another thing is a subsidiary / support line for trading candles in Resistance or Supply Zones, if at the end of the week Bitcoin is priced on Resistance or Supply Zones, the bull market will run otherwise the bare market starts.
We actually make Buy Entries at Resistance or Supply Zones. But we did not see where the buy entry was, there is a clear "Resistance or Supply Zone". After some time when running entries became red glow in the los, we do not realize how difficult it is to trade in trade. But don't try to understand once - "Resistance or supply zones will always be down-trending". When sitting in the market, our brain heads become "hyper" ... because we are always in a hurry, too fast We want to get rich overnight.
In Resistance or Supply Zones, that is, the market is doing the sell entry and we do poorly there the buy entry ... ha ha ha. Who will be the loss if we not?
In the end a Special Note:I tried to write about the content of the post above from my own opinion so it might not match the views of others. And I am not the best, so there may be some mistakes or limitations in the post so there is a solicitation to cooperate by overcoming the wrongs or limitations.
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