Bitcoin: 3rd & 4th Cycle Key Support & Resistance Zones
After a few weeks of watching numerous YouTube videos of how to draw support & resistance (S & R) zones and learning why they are arguably the most important part of technical analysis , I have spent 8 days straight making this chart.
Here is the latest video from my new favourite learning TA channel, they have quite a few on the subject: www.youtube.com/watch?v=KLb49In8...
About the Chart
This is the bitcoin daily chart of the 3rd and current two market cycle, I will post the chart that includes all market cycles below for reference. On the chart I have drawn all the key S & R zones throughout this period.
I aim to not give my opinion, but rather hopefully show data in a clear way so that the viewer can draw their own conclusions. So what are your thoughts and opinions? Fire them down below in the comments section...because you don't have a choice, there is no other place to leave them.
Here is the latest video from my new favourite learning TA channel, they have quite a few on the subject: www.youtube.com/watch?v=KLb49In8...
About the Chart
This is the bitcoin daily chart of the 3rd and current two market cycle, I will post the chart that includes all market cycles below for reference. On the chart I have drawn all the key S & R zones throughout this period.
I aim to not give my opinion, but rather hopefully show data in a clear way so that the viewer can draw their own conclusions. So what are your thoughts and opinions? Fire them down below in the comments section...because you don't have a choice, there is no other place to leave them.
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Here is the complete chart including market cycle #1 to the present #4:
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Main point:
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Spot on!
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Amazing S&R zones indeed: