Topic: Resistance and Support of BTC everyday. (Read 296 times)

Just leave it be guys, this guy is not telling you or forcing you to make moves depending on what he says, this is like personal journal to him basically and he can be as wrong as he wants to. He is obviously bad at doing this, he has been "wrong" in so many cases, not technically fully wrong because he just shares support lines and resistance lines which means price could go beyond or below those prices as well this doesn't change a thing but at the same time he has been wrong in the sense that bitcoin didn't even have those support and resistance lines these days and he just wrote wrong numbers there.

However he has that right to be wrong because he is not saying anything extra, he is not shilling any coin or even a product, he just shares his opinions and that's it, if nobody replies that's still fine because he does this to proof himself something.

Be careful. The trend is still going down and maybe it will reach another lower price.

We do not know how long this downtrend will happen, but it will be a good chance to test the movement by buying a small amount to see where the price wants to go later.

If the price still goes down, we need to break for a while and do not do anything except watch or analyze more to find more signals. Maybe it will touch $31k or even lower, so please calm down for a while.

July 14, 2021
Weak resistance: 33102, strong resistance: 33798
Weak support: 32481, strong support: 31786

July 13, 2021
Weak resistance: 33666, strong resistance: 34397
Weak support: 33012, strong support: 32282

July 12, 2021
Weak resistance: 34282, strong resistance: 35024
Weak support: 33618, strong support: 32875

July 11, 2021
Weak resistance: 34215, strong resistance: 34999
Weak support: 33512, strong support: 32725

Expectations can change with any news, but we will not witness a break of strong barriers higher than 36000, so your expectation will be correct because we are in a dormant market.
It is the period of purchase and storage ready for the end of the year, which may start after two or three months.
Let's hope we get some good hikes.

They are daily resistance/support.

July 10, 2021
Weak resistance: 33933, strong resistance: 34775
Weak support: 33179, strong support: 32338

According to Binance, the price has a low price at $32,077 and a high price at $33,100. The price struggles at $32,753 based on writing this. The trend still goes down so there still a chance for the price to have another correction. We need to anticipate that by leaving the market and not follow the price because that can be a risk for us. But the chance for the price to bounce up will always be there, although that chance is small. Hopefully, this week will not end by going down too deep and next week, the price can start to increase to $33k.

July 09, 2021
Weak resistance: 33287, strong resistance: 34153
Weak support: 32512, strong support: 31646

July 08, 2021
Weak resistance: 34944, strong resistance: 35863
Weak support: 34123, strong support: 33204

July 07, 2021
Weak resistance: 34480, strong resistance: 35451
Weak support: 33612, strong support: 32641

July 06, 2021
Weak resistance: 34034, strong resistance: 35037
Weak support: 33138, strong support: 32135

The prices is given by APP PREDICTOR and they are not random numbers. Here attached more details.

1. The use of APP Predictor
Predictor calculates the current resistance and support of bitcoin, same principle with BOLL, UP and DN of which means resistance and support. The difference is PREDICTOR has two UPs (strong/weak resistance) and two DNs (strong/weak support). The APP updates automatically at 0:00 AM everyday and valid for 16 hours. All the prices are based on spot price of Binance, GMT+8 time zone.

2. Tips of using it
At 8:00 AM:
If it has sharp rallies at the weak support (better has divergences), or it hasn’t declined to the weak support, then it will probably arrive at the strong resistance.
On the contrary, if it has a sharp fall at the weak resistance (better has divergences), or it hasn’t rose to the weak resistance, then it will probably arrive at the strong support.

3. Trading method
Recognize trends:
If a trend is up, then buy at weak support, the first target is the weak resistance, the second target is near the strong resistance.
If a trend is down, then sell at weak resistance, the first target is weak resistance, the second target is near the strong support.
If in the trading range, then sell at weak resistance and buy at weak support.

4. Notices
DO NOT trade against trends, these are just resistance and support with high probability, not always the peak or the valley.

Thanks for this, but you should at least explain it a bit further so that even experience and newbie trader can understand what you wanted to tell us here. And as you know this forum has a lot of members with different timezones as well, so valid for 16 hours for you might not be true for others because of the obvious time difference.

So far we are in the strong support @33,9xx - @$34,xxx.

You went directly to the summary of your analysis. How did you end up with those and what if it won't validate within the set duration of time?

Bitcoin dominance got lower lately.

Bitcoin is literally under 35k right now, it is even under 33.9k right now as well. If they were really the support levels that would mean that we would crash big time under those prices but we didn't, we just blew past them without any worry, I do not get why you picked those prices and what your indicator was but I can tell you that it is not what you think it is, the price is nowhere near that for support which begs the question even if the resistance was there if you failed your support.

Long story short, once again ; do not believe the people online who tell you something because more often than not they do not even know what they are talking about, there is just one huge support level (which could be broken very easily if people start selling) and that is around 28k levels, which should crash big time near to 20k levels if we ever go below that, but even that is not guaranteed because it is crypto anything could happen, we can be 27k tomorrow and 45k next day, that is just how crypto works.

looks like you are just posting random numbers without any reason behind them.
the main support and resistance that are actually strong are at $30k and $40k and price will remain in this tight region until it goes above $40k.
meanwhile the short term supports and resistances are not at all strong and they are unpredictable because the market is mostly emotional right now and the sideway market is not predictable. specially when the volume is this low.

This is a kind of thread that confuse learners and novice. A novice will assume that the supports mention here and the resistance are infinite and can't be changed by another prediction, meaning everyone has an analysis they believe on. As to the op analysis, I'm thinking the support may not be broken with the timeframe you gave. Btc has no major volatility for now so it may keep the range it is selling at the moment.