Trade Bitcoin Trading

Support & Resistance Bitcoin Trading Analysis & Support and Resistance Signals

Support & Resistance is one of vastly used concepts in bitcoin trading. Most traders draw the horizontal lines to explain these technical levels.

There is also an indicator used to draw these levels automatically and indicate the resistance and support zones.

Support and Resistance Bitcoin Indicator - Support Resistance Levels BTCUSD Technical Indicator

When it comes to these levels bitcoin price can either bounce off these regions or break out through these regions.

If a resistance area is broken bitcoin price will move higher and the resistance level will turn to a support.

If a support level is broken bitcoin price will move lower & this technical level will turn to a resistance.

Bitcoin Price where the majority of investors believe that bitcoin trading prices will move higher, while resistance levels indicate the bitcoin price at which a majority of investors feel bitcoin prices will move lower.

Once bitcoin price has broken through a support or a resistance then it is likely that the bitcoin price will continue moving in that specific direction until such a time when it gets to the next support resistance zone.

The more often a support or resistance level is tested or is touched by the bitcoin price and bounces, the more major that specified level becomes.

BTCUSD Analysis & Generating Signals

These levels are calculated a bitcoin trend lines method.

Up-ward BTCUSD Trend

In an upwards bitcoin trend the resistance & support will in general head upward

Resistance and Support Bitcoin Indicator Upward Trend - Support & Resistance Levels Indicator

Upward Bitcoin Trend

Downward BTC/USD CryptoCurrency Trend

In a downwards bitcoin trend the resistance and support will generally head downward

Support Resistance Bitcoin Indicator Upward Trend - What is Trends?

Downwards Bitcoin Crypto Currency Trend

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