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Support and Resistance

Support and Resistance is one of the most used techniques in technical analysis based on a concept that's easy to understand but difficult to master. It identifies price levels where historically the price reacted either by reversing or at least by slowing down and prior price behavior at these levels can leave clues for future price behavior. There are many different ways to identify these levels and to apply them in trading. Support and Resistance levels can be identifiable turning points, areas of congestion or psychological levels (round numbers that traders attach significance to). The higher the timeframe, the more relevant the levels become.

Finding the most important ones can take many hours of practice. They exist due to an influx of buyers or sellers at key junctures. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces or breakouts. Each of these trades will have their own rules for entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
tntsunrise tntsunrise XAUUSD, 240, Short ,
XAUUSD: GOLD break Trend Line and Structure
7524 42 222
XAUUSD, 240 Short
GOLD break Trend Line and Structure

GOLD break Trend Line and Structure Similar to NZDUSD which I post earlier on. We can sell gold now, SL 1345.80 and catch the next downtrend

MarcPMarkets MarcPMarkets LTCUSD, 1440,
LTCUSD: LTCUSD: Waiting For The Next Buying Opportunity?
1048 2 44
LTCUSD, 1440
LTCUSD: Waiting For The Next Buying Opportunity?

LTCUSD update: Price has rejected the 150 to 161 minor resistance zone that we wrote about on yesterday's update on S.C. This move is the likely beginning of the retrace that we have been waiting for in order to enter our next swing trade long. The 150 to 161 resistance (.618 of recent bearish swing measured from the 175 high) is an area to anticipate selling. ...

MrClock MrClock BTCUSD, 1D, Long ,
BTCUSD: Bitcoin - Cup and handle
1757 2 26
BTCUSD, 1D Long
Bitcoin - Cup and handle

Bitcoin are trying break the main downtrend line. In the same time, we have a cup and handle trading figure and trying break resistance of RSI indicator at 60 level. If entry confirmed, we have a nice target. Detail of Entry, Target and Stop here; https://www.heavensignals.com/?topic=signaldetail&trade=80&pair=BTC-USD

Bombita Bombita BTCUSD, 60,
BTCUSD: Bitcoin / The detailed short-term analysis [BTC/USD]
665 1 6
BTCUSD, 60
Bitcoin / The detailed short-term analysis [BTC/USD]

The falling star On the hour chart we can see the falling star pattern ( in the black rectangle ) It's the bearish reversal pattern , be careful. I marked the support zones and trend line. Let's see what happens next. The MACD divergence https://www.tradingview.com/x/70xHDEDO/ The RSI overbought https://www.tradingview.com/x/5uSnDQdT/

makemek makemek BTCUSD, 1D,
BTCUSD: I smell a BULL TRAP.
250 3 4
BTCUSD, 1D
I smell a BULL TRAP.

I felt uncomfortable when the candles move up and down in square wave in matter of minutes on H1 chart as if nobody is trading it. This movement shouldn't appear in a bullish market. Also, the volume for each daily candles are too low compare to panic selling during 2018-03-06 - 2018-03-17 and 2018-03-25 - 2018-04-01. The volume for each candle should be around ...

MrRenev MrRenev BTCUSD, 1D,
BTCUSD: Hopium. When we can start even considering a bullish scenario.
170 0 6
BTCUSD, 1D
Hopium. When we can start even considering a bullish scenario.

The bulls are absolutely mental. It's completely insane. They are complete fanatics. It's gold fever all over again. Now you see what greed can do to men. Can't reason with them, if you try showing facts they team up and get angry at you. I think alot of them will simply end up in the hospital. The mental wing. And alot at the morgue. As I have said already, this ...

tokeylokey66 tokeylokey66 BTCUSD, 240,
BTCUSD: Tell MPC i'm coming for his spot!!  - My chart is a Magnet
141 0 6
BTCUSD, 240
Tell MPC i'm coming for his spot!! - My chart is a Magnet

The nerve of these 'top' authors, click my previous chart. And click theirs from yesterday, compare. I almost want to get on my ignorant side One begs for likes after every update, even though he is usually 90% of the time wrong. And asks his viewers to pay for his program The other thinks he is a God of the charts even though in recent times ALL his calls were ...

Art_of_Trading Art_of_Trading BTCUSD, 240, Short ,
BTCUSD: BITCOIN - Bat Pattern Formed
260 0 5
BTCUSD, 240 Short
BITCOIN - Bat Pattern Formed

The BTC price is going up last 3 days and it reached the previous structure high at 9000. Moreover, it completed the bat pattern formation, which creates a selling setup. T1 - 38.2% T2 – 61.8%

ironflag ironflag BTCUSD, 120,
BTCUSD: Wyckoff schematic 3
154 1 5
BTCUSD, 120
Wyckoff schematic 3

Wyckoff schematic 3 BTC - USD I'm trained as a hardsurface modeller. I have a tendency to remember anything graphical better then the average chartist. That doesn't imply that I have a full understanding what I'm looking at. Your comments are welcome.

PizzaRoll PizzaRoll BTCUSD, 60, Short ,
BTCUSD: Decision Time
203 0 4
BTCUSD, 60 Short
Decision Time

We're currently sitting below horizontal resistance, log resistance from ATH -0.08%, inside an ascending wedge, with textbook Wyckoff distribution, and longs outnumbering shorts. BTC 2.60% will have to break through soon, or it will get rejected hard.

MrClock MrClock NANOBTC, 240, Long ,
NANOBTC: Nano/BTC buy opportunity
191 0 4
NANOBTC, 240 Long
Nano/BTC buy opportunity

Nano/BTC buy opportunity. Buy only if passes 0.0009 Details from Entry, Target and Stop here; https://www.heavensignals.com/?topic=signaldetail&trade=81&pair=NANO-BTC

eazywayout eazywayout XAUUSD, 1D,
XAUUSD: XAUUSD Daily
172 0 4
XAUUSD, 1D
XAUUSD Daily

Price is almost ready to breakout of consolidation, where we will have a clear move to make some pips : )

DaxiDriver DaxiDriver EURUSD, 240, Long ,
EURUSD: Together We Fly
74 0 4
EURUSD, 240 Long
Together We Fly

Hi traders. wait for some bottom activity and BUY ... Bulls here - Bears in DAX ... Drive Safe.

casim casim BCHUSD, 1D,
BCHUSD: The Change
132 1 2
BCHUSD, 1D
The Change

@ first key juncture!

antoinee antoinee XRPEUR, 60,
XRPEUR: 0.71029
92 3 1
XRPEUR, 60
0.71029

REBOND SUR EMA55 H1, STOCHASTIC MACD RSI OK EN H1H2H3, RESISTANCE AU MOINS A 0.71029

mariana85 mariana85 BTCUSD, 1D,
BTCUSD: BTCUSD Almost out of downward trending channel!
80 1 2
BTCUSD, 1D
BTCUSD Almost out of downward trending channel!

I've been watching BTCUSD closely since January ever since it entered this downward trending channel. Now it looks like we are almost out of it. Questions: 1. Will it close above this channel and continue upwards? 2. There are a number of resistance areas once it breaks out of this channel. - It is currently at $8523 and RSI of 59 - Next major resistance at ...

eazywayout eazywayout EURNZD, 240,
EURNZD: EURNZD 4H
61 0 3
EURNZD, 240
EURNZD 4H

Price finally reached its daily descending trendline & weekly resistance, now I will be watching this pair for potential shorts next week..

MikeMoh MikeMoh BTCUSD, 240, Long ,
BTCUSD: BTC broke a very major down trend. what's next?
124 0 2
BTCUSD, 240 Long
BTC broke a very major down trend. what's next?

So as we mentioned ( but not expected ) btc did break the ALL TIME HIGH trend on the daily with a very bullshit candle on the log scale. went all the way to 9K area where it got stopped buy the the horizontal resistance. went down and got stopped by the uptrend ( red ) which was broken previously. I guess it is now safe to buy with a tight stop loss right under ...

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