Bitcoin: Important Support & Resistance of the 3rd Cycle
If being addicted to finding patterns and then presenting them clearly in a chart is wrong, then I don't wanna be right.
After making the last weekly chart showing the basic framework of support & resistance lines for all of Bitcoin's 3 market cycles, I decided to make a more detailed daily chart showing all the major support and resistance lines for this current cycle (3rd cycle).
Note: Most of the horizontal lines are actually zones.
Not really sure what else to say, just enjoy and leave any comments or discussion points below. Have a good day~
After making the last weekly chart showing the basic framework of support & resistance lines for all of Bitcoin's 3 market cycles, I decided to make a more detailed daily chart showing all the major support and resistance lines for this current cycle (3rd cycle).
Note: Most of the horizontal lines are actually zones.
Not really sure what else to say, just enjoy and leave any comments or discussion points below. Have a good day~
Comment:
Learned the importance of Price By Volume (PBV) so though I would adjust the chart in accordance to these strengths. It makes sense to mix the zones of support and resistance with the levels that had the most volume. Check it:
