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FlashBozZ
Dec 6, 2018 7:38 PM

Bitcoin S/R Levels to Look Out For in the (far) Future 

Bitcoin / DollarBitfinex

Description

In this chart i used very basic S/R flip methods to define S/R zones that could play a role in future price action. Generally you want to look to long the green supports (or better retests of it) and short the red zones (or better retests of it). If price breaks a level it flips to the opposite. S to R and R to S. This is a very high time frame view, thus good for swing trading or longterm investments, not for scalping! Have fun with the chart and remove or add levels you like. Have a nice day and dont forget to zoom out ;)
Comments
biffbifford
Your chart is an excellent learning tool for beginners. Keep up the great work because it helps people learn to chart better. Happy Holidays :-)
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