resistance and support level - page 2.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: pinkflower on March 27, 2017, 04:00:05 AM

The answers here are laughable. It just shows that almost everyone here talks a lot without knowing a lot about the subject. This is the age of Google people. An easy search will bring you the right answer.

Right now it would be stupid to use range trading as a strategy because BTC is starting to trend lower and lower. It can only be applied if something is trading sideways.

the laughable part is that you either don't know what the words "trend lower and lower" means or you were too lazy to check the price before making this comment. or it is possible that you though if you say this, your comment can have an effect on the trend and reverse it so you can get in since you missed the train since price was already about $86 higher than the bottom!

pinkflower

sr. member

Activity: 868

Merit: 259

Quote from: ArdiPrabowo on March 27, 2017, 04:28:30 AM

Quote from: Xcandol on March 26, 2017, 02:26:06 PM

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

you can use tool pivot point can known resistance and support levels bitcoin price
but not prefect 100% accurate, still use another indicator can known trend

You cant rely on these tools and expect to be a profitable trader. Thats because its not only you who can use these tools to gain an advantage, everyone can. If thats the situation then some wise traders can take advantage of you because they know what you know and nullifying your strategy.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: OmegaStarScream on March 26, 2017, 03:03:51 PM

Quote from: Xcandol on March 26, 2017, 02:26:06 PM

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

It's pretty much unpredictable so It's better to buy while there is resistance and simply hope for the best. our all time high was 1300$ and we are currently between 950-1000$ so It wouldn't really hurt If you buy right now as we probably may never see anything below 900$ anymore.

Its really unpredictable and seeing on the chart and plotting some Resistance and Support level i could really say that bitcoin does have a good support but one thing i do really worried about when theres news and price would breakout on support level thats why its still risky to think of on the exact movement price of bitcoin.

jakelyson

legendary

Activity: 2240

Merit: 1069

I just assume if the price don't go below a certain price in 3 days, I consider that as support. The same with resistance, if it won't go above a certain price in 3 days, it's my resistance. I am not very technical, it just works that way for me.

ArdiPrabowo

hero member

Activity: 644

Merit: 500

Quote from: Xcandol on March 26, 2017, 02:26:06 PM

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

you can use tool pivot point can known resistance and support levels bitcoin price
but not prefect 100% accurate, still use another indicator can known trend

pinkflower

sr. member

Activity: 868

Merit: 259

The answers here are laughable. It just shows that almost everyone here talks a lot without knowing a lot about the subject. This is the age of Google people. An easy search will bring you the right answer.

Right now it would be stupid to use range trading as a strategy because BTC is starting to trend lower and lower. It can only be applied if something is trading sideways.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: Xcandol on March 26, 2017, 02:26:06 PM

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

resistance and support level is were the price of and assets (bitcoin) is at equilibrium that is supply of bitcoin is equal to demand for it. Currently we have established resistance and support for now is $900, 950,1000, 1075, 1110 1150 1850 1200 1250 1300 etc. Remember, support and resistance is a technical analysis and bird cannot fly with a single wing.

Amph

legendary

Activity: 3248

Merit: 1070

as i see it most of the time resistance is based on a mental barrier, like $1000 at present, for example, next can be $2k or 1500, i would work out on those clean number

some times the market can have a resistance in that point but for a different currency, example not usd but euro, where you see that they are trying to break $10xx, because in reality they are trying to maintain the 1000 euro wall

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

it is nearly impossible to do.
there is the common support resistance lines based on technical analysis on the charts but in my opinion the real support and resistance can be found by only looking at the market and staring at the orderbook and the orders that are placed.
because a lot of these orders are not places beforehand. many will trigger when the price passes a certain level. although you may argue that TA is doing a similar thing!

for example looking at the market you don't see any unusual resistance around $1000 but when price reaches there all the triggers happen and many start selling, hence creating some sell pressure on the market.
the opposite is also true about lower price and the buy support that kicks in.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: Xcandol on March 26, 2017, 02:26:06 PM

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

It's pretty much unpredictable so It's better to buy while there is resistance and simply hope for the best. our all time high was 1300$ and we are currently between 950-1000$ so It wouldn't really hurt If you buy right now as we probably may never see anything below 900$ anymore.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Quote from: Xcandol on March 26, 2017, 02:26:06 PM

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

We may see some resistance at $1000 but support is building at around $950 right now. Price is moving so fast so hard to analyze the trading chart right now but buy support is building very quickly, so its time to buy back some cheap bitcoins if you have sold when price was on peak.

Xcandol

newbie

Activity: 19

Merit: 0

how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated

Topic: resistance and support level - page 2. (Read 1303 times)