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Support & Resistance Bitcoin Trading Analysis & Support and Resistance Signals

Support and Resistance are widely regarded concepts in bitcoin trading. Most traders use horizontal lines to delineate these crucial technical levels.

Additionally, an indicator exists that automatically plots these levels, highlighting the support and resistance regions.

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 bitcoin breaks a resistance level, price rises. That level then becomes support.

If bitcoin breaks a support level, price falls further. That level becomes resistance.

Bitcoin's support levels show where most investors think prices will climb higher. Resistance levels? That's where the majority figure prices will turn lower.

Once bitcoin breaks through either a support or resistance level, it usually keeps heading in that direction until it hits the next big support or resistance zone.

The significance of a support or resistance level increases with the frequency it is tested or touched by the bitcoin price when it rebounds.

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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